Bridging Technology Will Allow Wrapped Avalanche Assets and Wrapped Ethereum Assets

In today’s meetup, Emin Gün Sirer said he is excited about bridging technology:

We plan to support bridges such that Avalanche assets can be wrapped and represented on the Ethereum chain and vice versa. Ethereum assets can be wrapped and represented on the Avalanche chains.

Sirer said he’s using a different set of technologies for the trustless bridge, although he’s not ready to release the idea and implementation details yet.

In addition to those bridges, the C-Chain on Avalanche has a modification so that it can deal with assets created on the Avalanche X-Chain. For example, if somebody has a real estate token, then that token can be sent as an input to a smart contract on the C-Chain.


Delegation Limits

Emin Gün Sirer explained in a meetup that AVA Labs is in the process of adding limits on how much delegation any single node can receive.

Sirer stated:

I would very much love it if people did not delegate. This delegation leads to centralization.

I don’t want some kind of AWS mega-node. I certainly don’t want a small number of nodes on a centralized infrastructure provider like AWS providing the backbone of the network. I would very much love it if people ran Avalanche out of their laptops at home.

Later in the meetup, Sirer explained that as people participate from home, the performance properties of the network will go down. This tradeoff is OK, because this is a game of building a decentralized network.


YAM Explodes

YAM, an experimental DeFi token built on Ethereum, failed on August 13 due to a bug in the smart contract.

While high fees on Ethereum hindered YAM farming, there are hopes for tax-free sweet potato farming on the Avalanche network.


Update About Updates for Denali Incentivized Testnet Rewards

AVA Labs sent out an update email advising Denali participants to prepare for another update in the future.

Two weeks ago, participants were asked to provide an X-address to receive rewards after mainnet launch.

We will continue to monitor the situation for updates about this update about future updates.


AVA Labs is Hiring

Current openings include:

  • VP of Engineering
  • Senior Software Engineer
  • Head of Design
  • Senior Product Manager
  • UI/UX Designer
  • Community Managers (Global)
  • Business Development Associate
  • General Legal Counsel
  • Social Media Manager
  • Technical Content Writer & Evangelist

Avalanche Ethereum Bridge in Two Weeks

How soon until WETH appears on @avalancheavax as a cross-chain #DeFi connector?


Bridge out in like two weeks