🎁 Colony Distributes Second $MOVE Airdrop Worth $62,000 to CLY Stakers

**Colony, a five-year Avalanche-exclusive accelerator, is closing operations at the end of Q1 2026.** The team cited structural ecosystem challenges that made their growth mission unsustainable: - Two major initiatives became non-viable after Avalanche deprecated HyperSDK and transferred BTC.b stewardship without advance notice - Deal flow declined sharply, with reduced VC participation and weakening project quality - Leadership turnover and strategic uncertainty increased over time - AVAX declined 90%+ from Colony's launch price **Despite challenges, Colony maintained community alignment:** - Team never sold or staked their CLY allocation - Distributed 193 airdrops totaling ~$30M at peak, plus 31,200 AVAX in rewards - Funded 30+ projects and provided $10M+ in liquidity **Wind-down includes final distributions to CLY stakers:** - $500,000 USDC (from Movement position exit) - ~$40,000 in MOVE tokens (March 9) - 10M CLY tokens (~$137K) to long-term stakers Liquidity pools remain intact. Users must withdraw funds before July 1, 2026, when the application interface shuts down. [Full statement](https://medium.com/@Colonylab/the-end-of-the-road-ef0af614a47d)

**Colony executed another airdrop distribution:** - $40,000 worth of $MOVE tokens delivered directly to $CLY stakers' wallets - Tokens automatically deposited without requiring claims - Part of Colony's ongoing airdrop program for token holders **Context:** This follows a previous $62,000 $MOVE distribution in January. Colony continues its pattern of rewarding $CLY stakers with airdrops from ecosystem projects. The distribution mechanism sends tokens straight to qualifying wallets, eliminating the need for manual claiming processes.

The inaugural **$MOVE airdrop** is now active on Ethereum, distributing over **$73,000** to eligible wallets. **Key Details:** - Tokens sent directly to wallets - no claiming fees required - **Loyal CLY stakers** receive over 80% of distribution - Rewards those who maintained active stakes without unstaking **What's Next:** - **35 additional airdrops** planned monthly - Distribution follows Movement's vesting schedule - Originally planned for Avalanche bridge, now on Ethereum **Check your wallet** if you're a CLY staker - tokens should already be available for trading or use.

**Suzaku Network announces first two L1 LSTs** Suzaku Network has launched their inaugural L1 Liquid Staking Tokens (LSTs) for: - **Dexalot** - decentralized exchange protocol - **OnPlyr** - gaming platform This marks a significant milestone for Suzaku's infrastructure development on Avalanche. **What this means:** - Enhanced staking opportunities for both protocols - Strengthened decentralization hub for Avalanche L1s - Progress toward Suzaku's vision of L1 interoperability The announcement positions Suzaku as a key player in Avalanche's restaking and infrastructure landscape, potentially opening new yield opportunities for users of both Dexalot and OnPlyr platforms.