Colony Community Vote on Movement Rally Project Refunds
Colony Community Vote on Movement Rally Project Refunds
🤔 Bridge to Nowhere
Colony is holding a community vote regarding refunds for 3 unlaunched Movement Rally projects. The decision comes after Movement Labs failed to deliver the promised Avalanche bridge post-mainnet.
- Voting power is weighted based on USDC contributions
- Voting deadline: May 24, 2025, 8:00 AM UTC
- Vote at Snapshot
Key Issue: Movement Labs has not built the agreed-upon bridge between Movement and Avalanche since mainnet launch.
🚨 Community Vote is Live In light of recent events at Movement Labs, the Colony community is voting on whether to refund the 3 unlaunched Movement Rally projects. 🧮 Voting power is based on a weighted tier system tied to USDC contributions. Vote👉 snapshot.box/#/s:colonyavax…
Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
**Tesseract**, built by the team behind Yield Yak, launches a trustless cross-chain trading platform on Avalanche. Key features: - Seamless asset movement between C-Chain and Avalanche L1s - Best pricing through aggregated liquidity across chains - One-click trading without manual chain switching - Integration with major DEXs including Uniswap, Curve, and GMX The protocol uses Avalanche's Interchain Message (ICM) and Token Transfer (ICTT) technology for secure cross-chain transactions. This infrastructure supports the Million Avalanche blockchain vision by solving liquidity challenges for new chains. *Already integrated with 10+ DEXs and multiple L1s*
Suzaku Network Raises $90,000 in Public Sale on Colony
Suzaku Network has successfully completed a $90,000 public sale through Colony Labs, marking a significant milestone for the Avalanche ecosystem project. - Suzaku aims to become the **Decentralization Hub for Avalanche L1s** - Key features include: • Flexible security models (PoA to PoS) • Liquid Staking for L1s • Restaking with AVAX LSTs & BTC.b • Full-stack solution for modular L1s Token Generation Event (TGE) is upcoming. A detailed analysis is available in the recent Messari report.
Colony Lab Announces Suzaku Network Sale
Colony Lab has announced its next project sale featuring Suzaku Network, a decentralization hub for Layer 1 blockchains. The project focuses on accelerating success for Avalanche L1s. Key Points: - Sale date confirmed for June 2nd, 2025 - Project aims to enhance L1 blockchain decentralization - Specifically targets Avalanche ecosystem development - Team noted for focus and commitment This follows significant community anticipation, with $CLY token holders expressing interest in new early-stage project opportunities on the platform.
Colony Lab Announces Refund Claims and New AVAX Project Sale
Colony Lab has opened refund claims for eligible participants through their app [app.colonylab.io/early-stage/refunds](http://app.colonylab.io/early-stage/refunds). Key points: - Only addresses that participated in previous sales with claimable USDC can view the refund page - Users should claim funds if planning to participate in upcoming sale - New sale announced for established AVAX-based project focused on L1s - Sale scheduled for this week *Important*: Refund visibility is limited to qualifying addresses only. Check notifications for updates.