Issue #61: A prominent South Korean digital asset custodian joins Avalanche, the project helping drive Sub-Saharan Africa’s DeFi, Avalanche Rush’s newest member, and more.
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Thanks for subscribing to Icebreaker. In this issue: a prominent South Korean digital asset custodian joins Avalanche, the project helping drive Sub-Saharan Africa’s DeFi, Avalanche Rush’s newest member, and more.

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Weekly Avalanche Overview

Data pulled: 11/26/2023

Total Transactions: 8.2M
Gas Used: 7T
Total Stake: 231.6M

Announcements

BDACS to Launch on Avalanche

SK’s BDACS to Support Avalanche

Founded in January 2022 and located in Korea’s only blockchain regulatory-free special zone, BDACS Inc., a prominent South Korean digital asset custodian, will be providing major, multi-dimensional Avalanche support.

“With Korea at the forefront of security token regulation, there are clear opportunities for synergy to leverage the leading Avalanche protocol and our cutting-edge suite of multi-asset custody solutions. Through this collaboration, we look forward to providing businesses, institutions, and entrepreneurs in the Web3 space with the tools needed to thrive in Korea and internationally."

- Terry Kim, CEO of BDACS

What’s coming up? At launch, BDACS will offer AVAX and BTC.b as two of five initial assets for institutional custody, provide staking support for the Avalanche P-Chain, and launch additional projects on Avalanche. There’s more: learn how BDACS plans on expanding its offerings, Korea’s blockchain infra, and why BDACS chose Avalanche:

Read on
Fonbnk On-Ramps New Markets to Avalanche

Making Airtime Fon Again

Remember when we said “Sub-Saharan Africa’s poised to take the DeFi activity lead (on Avalanche)?” Well, Fonbnk, a global marketplace that lets users convert airtime into digital money $$, is one of the projects driving the dream.

What’s Fonbnk doing? Onboarding a new subset of users to Avalanche by building an AVAX on-ramp on the C-Chain, which gives users access to a wider range of Avalanche ecosystem tokens plus USDC 😘

Learn more

Avalanche's Newest Gaming Blitz

TSM recently unlocked a new world of possibilities by launching its Blitz Subnet. How can you get involved? Participate in Avalanche-branded tourneys and interact with games like, like Fortnite, League of Legends, Apex, and more.

Learn more →

Project Spotlight

STRUCT FINANCE

DeFi

Struct Finance is a permissionless protocol building structured products on-chain. It pushes the boundaries of DeFi innovation by creating and customizing structured products (typically reserved for institutions) for the on-chain masses.

Currently: The DeFi protocol has entered the Avalanche Rush Program with a total amount of up to one millie ($) in AVAX, provided by the Avalanche Foundation.

Learn more about Avalanche Rush

PODCASTS

Dominic Carbonaro, Head of NFTs Art and Culture at Ava Labs

OnChain with Sirer, Episode 3

In a recent OnChain with Sirer, Dr. Emin Gün Sirer chats with Dominic Carbonaro about why NFTs are here to stay, the use cases NFTs bring to Web3 and the world, and what makes communities unique.

Listen to the podcast →

Or: Watch the video

Loss-Versus-Rebalancing (LVR) at Decentralized Exchanges

Ava Labs x CBER, Episode 5

Learn about the costs of liquidity provision at Decentralized Exchanges on this episode of Ava Labs x CBER. From how liquidity providers face losses to design refinements being made to mitigate this cost of liquidity provision, you’re in the good hands of these experts:

  • Ciamac Moallemi, Professor of Business at the Graduate School of Business, Columbia University
  • Andreas Park, Professor of Finance, University of Toronto
  • Fahad Saleh, Associate Professor of Finance and the Nunnenkamp-Cinelli Faculty Fellow at Wake Forest University.
Listen to the podcast →

A Deep Dive Into Avalanche Impact on the RWA Landscape

LINK to the CHAIN, Episode 13

Morgan Krupetsky, the Senior Director of Business Development for Institutions and Capital Markets at Ava Labs, joins LINK to the CHAIN to chat Avalanche’s Vista initiatives, the significance of tokenized off-chain assets, and how tokenization can play a critical role in DeFi’s future.

Listen to the podcast →
banner_memeCoins

COOL STUFF ON AVALANCHE

Avalanche Foundation: Eligibility Criteria Framework for Community Coins

Community

We want community, we want it now, and we want it in meme coins!! Seriously, the Avalanche Foundation recognizes meme coins as having generally high community engagement. Think about it: memes = more engagement, more community spirit, more culture… more, more, more of all the things that help make Avalanche synonymous with creativity, culture, and lifestyle.

So, what’s happening? The Foundation is already using its Culture Catalyst program to deploy capital into community coins, and now it has released its eligibility criteria to identify a project’s stability, growth potential, and commitment to fair practices in crypto before they can join.

Learn what they are

This Week’s Spaces

College DAO

Building on AVAX: What’s in Store for 2024

January 22

Play recording →

Avalanche Arts & Culture

11 – @madebyoona & @samjstudios new drop. @SuperchiefNFT co-hosts

January 24

Play recording →

Spellborne

Aligning Incentives in Web3 Gaming

January 24

Play recording →

zkPass

Redefining UX for Web3

January 24

Play recording →

Avalanche

Building on Avalanche with Pyth Network and Movement

January 25

Play recording →

Share your Web3 interests

Get ✨personalized✨ Spaces recommendations in future issues.

ICYMI

  • Integrations
    Civic Pass is live on Avalanche, allows users to gate and protect their online communities, airdrop, mint NFTs, and more.
    Civic →
  • Reading
    Why the Modern Economy Needs Blockchain at Its Core.
    AvaCloud →
  • Summit Panel
    How to Successfully Engage Web3 Developers.
    Avalanche →

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