Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
Tesseract Launches Cross-Chain Liquidity Protocol on Avalanche
馃 Yield Yak Team's Next Move
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.
馃攰Have you heard about @Tesseract_avax?馃 Do you know what it is? Tesseract is a protocol worth learning about, and we got you covered with all you need to know. Tesseract is ready to revolutionize asset movement Across @avax L1s and the C鈥慍hain. 馃殌 馃攳 Let鈥檚 dive in
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)
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.