Colonylab

**Pharaoh V3 launches on Avalanche** with major upgrades for the DEX platform. **Key features include:** - Modular, audited architecture with gas optimization - New xPHAR token system - Migration portal now live at [phar.gg](http://phar.gg) **Platform achievements:** - Ranks among top 3 DEXs in Avalanche ecosystem - Distributed over $15M to holders through fees and incentives since v2 - Built with support from Ava Labs and Avalanche Foundation **Migration details:** - Open for PHAR holders, liquidity providers, and voters - Assets, governance, and liquidity move to upgraded contracts - Full documentation available at [docs.phar.gg](http://docs.phar.gg) The upgrade represents a significant step forward for one of Avalanche's leading DeFi protocols.

**Avalanche experienced significant growth this summer across multiple metrics:** - **DeFi TVL milestone**: Broke $2B in July for the first time in over 2 years - **Trading volume surge**: Hit $12B in August, highest since January 2022 - **Key DEX platforms**: Growth driven by PharaohExchange, BlackholeDex, and LFJ **Network achievements:** - Surpassed 4 billion total transactions - Reached $2.2B in stablecoins - Daily transfers now rival top blockchain networks **RWA sector expansion:** - Real World Assets market cap reached $305M - **58% growth** in just 30 days The network's momentum builds on August's institutional adoption, including Grayscale's AVAX ETF filing, tokenized assets from Dinari and Bowmore whisky, and Wyoming's state-backed stablecoin integration.

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.