Colony Treasury Update and Movement Labs Investment Impact
Colony Treasury Update and Movement Labs Investment Impact
💰 Treasury Secret Revealed
Colony's treasury currently stands at $32M in liquid assets. The organization hints at a significant potential increase when factoring in their seed investment in Movement Labs ($MOVE tokens).
Key Context:
- Colony recently announced the first wave of Movement Labs projects raising Seed rounds
- Three projects confirmed: StableJack, Lync World, and RouteX
- $200K in $MOVE incentives planned for participants
- Community members can participate in Seed sales alongside VCs
The treasury's value could see substantial growth once the illiquid $MOVE holdings are included. This development particularly benefits $CLY token stakers.
Suzaku Network Token Launch and Airdrop Update
Colony has airdropped 388,860+ $SUZ tokens to $CLY stakers following their $500,000 $sAVAX liquidity provision to Suzaku Network. Colony achieved #1 ranking on Suzaku Points Leaderboard. Two key opportunities for $SUZ holders: - Stake $SUZ for $sSUZ to earn 1.5% of total supply in Year 1 - Provide SUZ/USDC liquidity on BlackholeDex with YieldYak auto-compounding Upcoming developments include: - New airdrops in $SUZ and other tokens - DeFi integrations and incentives - Protocol fee rewards Claim your airdrop at [Colony Lab](http://app.colonylab.io/airdrops)
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 - No manual chain switching or bridging required - Plug-and-play integration for L1 operators The protocol leverages Avalanche's ICM and ICTT technology for secure cross-chain swaps. Already integrated with major DEXs including Uniswap, Curve, and GMX. *Why it matters*: Tesseract addresses the critical liquidity challenge for new chains in Avalanche's ecosystem, supporting the Million blockchain vision.
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.
Colony Community Vote on Movement Rally Project Refunds
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](http://snapshot.box/#/s:colonyavax.eth/proposal/0x913b7ba77361357a9dc5ae307029d833b47f1960217279a68e92718d52866109) *Key Issue:* Movement Labs has not built the agreed-upon bridge between Movement and Avalanche since mainnet launch.