March was yet another exciting month at Switcheo Labs. As we embark on a new quarter of 2022, let’s look back on all that has transpired!
- SWTH/OSMO pool on Osmosis
Following Carbon’s Inter-blockchain (IBC) protocol integration, the SWTH/OSMO pool was added on Osmosis allowing anyone to acquire SWTH with Cosmos-based assets such as OSMO, ATOM, UST and JUNO! Having SWTH available and as an IBC-asset on the leading interchain DEX on Cosmos is vital in onboarding new users to the Carbon protocol and unlocking liquidity from the Cosmos ecosystem.
To incentivize initial liquidity, 6M SWTH from the Switcheo Development Fund (SDF) have been allocated as rewards to the pool (approved by the community through governance) and further matched with OSMO rewards through the Osmosis incentive matching scheme.
Since launch, the SWTH/OSMO pool has garnered great response from the community, reaching a peak TVL of $1.9M and $365k in trading volume!
2. AMA event with @Cosmos_Spaces
Led by key Carbon and Cosmos community member @lilgainzz, we were thrilled to be able to engage more closely with community through an AMA with @Cosmos_Spaces! The AMA shed light on the inner workings of the Carbon protocol, roadmap for the future and the most recent IBC integration!
3. Neo Polaris Launchpad Panel Discussion
As long-time collaborators with Neo, co-founder of Switcheo Labs, Ivan, was invited as a speaker for Neo’s inaugural Polaris Launchpad panel discussion to speak about DeFi and his experience building in the crypto and DeFi space.
Watch the panel discussion below!
💡We are gonna host the first panel discussion of Polaris Launchpad tomorrow! Our guest speakers will discuss #DeFi related topics, join us and have fun! @FlamingoFinance @LyrebirdFinance @0xcarbon (Previous Switcheo Lab) @O3_Labs— Neo Smart Economy (@Neo_Blockchain) March 9, 2022
💻Livestream link: https://t.co/wxLrzKs4BL pic.twitter.com/IOZiB0sLRc
4. Neo N3 Integration
The Neo N3 mainnet integration was completed on Carbon, enabling support for Neo’s new feature-rich and robust Neo N3 protocol — the biggest and most powerful evolution of the chain since its inception. With the integration complete, SWTH was also successfully migrated on Flamingo Finance as a new FLM-SWTH pool! Liquidity rewards were reactivated, allowing stakers of the FLP-FLM-SWTH pool to continue earning FLM rewards!
For more details about the Flamingo and SWTH migration process, view our blog post here.
5. New Carbonscan charts
Carbon’s blockchain explorer Carbonscan saw the addition of 3 new charts for enhanced visualization and better analysis of on-chain information such as user, staking and transaction data. The charts are also complete with features such as date-range selection with adjustable resolutions and specific event/token filters for more granular analysis!
Total Carbon users
Since the mainnet launch of Carbon in January, user growth has doubled! And in March alone, the number of Carbon users grew by over 30%.
6. ZOLAR — Summoning of Metazoa
To ascend to ZOLAR, Metazoa NFTs must first be summoned (minted) and in March, a total of 1,288 Gen0 Metazoa were summoned over three phases.
- Phase 1: The Elder Quest
- Phase 2: The Transcendence
- Phase 3: The Gold Rush
With the recent conclusion of Phase 3: The Gold Rush, Metazoa must now prepare for the epic battle between the Ursas and Minos for $HUNY in Phase 4: Takers of the Moon! Players who’ve missed their chance to summon Metazoa will be able to recruit them on ARKY now!
Players, embark on an epic battle for $HUNY & test your strategies against the rest. Here's a peek into the Game page and stats launching on https://t.co/F3P2pQWwu9 soon 👇— ZOLAR (@bearmarketnft) April 4, 2022
⚔️ Total no. of #Metazoa in battle
🍯 $HUNY available left for harvest
🔥 and more!#Zilliqa #Game #P2E pic.twitter.com/hYcA2X6fZW
7. Extension of liquidity rewards on Demex
Liquidity rewards on Demex were extended in March for another 3 months (12 weeks) through a governance proposal that reallocated pool reward weights based on the following considerations:
- Removing rewards for under-utilized and deprecated pools
- Capping rewards for non-SWTH pools
- Simplified methodology for choosing pool weights
- Lower rewards for stablecoin / correlated pools
- Addition of IBC-based pools
- Addition of ZWAP pool
View the full proposal details here.
8. Travala AVA listing on Demex
Travala is a blockchain-based travel booking platform trusted by thousands of customers globally for the best prices! It’s native AVA token propels Travala’s vision to bring transparent pricing, innovation, enhanced security and efficient stakeholder authority to the travel industry, and we couldn’t be more delighted that AVA is now listed on Demex.
The AVA/SWTH market and pool were added by the community via governance, and has been allocated a 4x reward weight based on [CIP-4], earning users up to 40% APR! (at the time of writing).
9. Switcheo Research
In March, the team of analysts at Switcheo Research have been deep-diving into meaningful trends and projects making waves within the crypto and DeFi realm! Read more about their analyses and findings for the articles below:
About Switcheo Labs
Switcheo Labs is a creative and experimental think tank that guides and nurtures decentralized ecosystems in the DeFi space. Founded in 2018, Switcheo Labs was born out of a simple desire to make finance accessible and trust optional. Recognizing the financial challenges that currently exist, Switcheo Labs innovates on robust alternatives to put power back where it rightly belongs, in the hands of the people.
For more information on Switcheo Labs: