Colonylab

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**, 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 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 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 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.

Core wallet has launched a new feature enabling gasless transactions on the Avalanche network. This development could be significant for Web3 adoption by removing a key barrier to entry for new users. Key points: - Transactions can now be executed without users paying gas fees - Feature is available across multiple regions and languages - Implementation aims to make Web3 more accessible to mainstream users The announcement has been shared globally in Portuguese, Spanish, Korean, Chinese, Russian, and Turkish, highlighting the international scope of this rollout.

Avalanche introduces The AVAX Minute, a new multi-language series providing quick updates on ecosystem developments. The first episode showcases @AvaCloud's encrypted-ERC (eERC) token standard, which enables: - Confidential transactions with full auditability - Enhanced privacy features for Web3 applications - New blockchain use cases The series is available in English, Portuguese, Spanish, Korean, Chinese, and Russian, making Avalanche updates more accessible globally. [Watch Episode 1](https://twitter.com/avalancheavax)

Two Movement ecosystem projects have concluded their seed sales on Colony Lab's platform with strong results: - StableJack raised over $278,000 USDC, exceeding their $200,000 target - Lync secured over $100,000 USDC Both projects are building key infrastructure for the Movement ecosystem - StableJack offers innovative DeFi products while Lync focuses on mobile-first Layer 2 development. Participants in these sales are eligible for a share of $200,000 in $MOVE token incentives. The successful raises demonstrate growing investor confidence in Movement's ecosystem growth.

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.

Colony Lab partners with Movement Labs to launch Movement Rally, a new fundraising initiative for Movement ecosystem projects. Key highlights: - Projects can raise seed rounds starting at $200K with no upper cap - $200K in MOVE tokens will be distributed as incentives to investors backing multiple projects - First wave of ecosystem projects to be revealed today - Program aims to connect builders with Colony's DeFi community Interested participants must complete KYC on Colony's platform. The initiative builds on Colony's position as an early Movement Labs investor and demonstrates their commitment to ecosystem growth.