To celebrate the launch of the new AB Bridge, Snowball is offering a 1.5x bonus in SNOB rewards to anyone who uses Snowball’s products. This initiative was voted on by the community in governance proposal #10.
This reward boost is live starting today and will last a total of 2 weeks. It is given to pools that have been voted on through Snowball’s gauges. To vote on which pools you would like to see receive SNOB rewards, head to the vote tab on the staking page of Snowball’s website.
AB token migration and gauges
This week you can now vote on the new AB Bridge token pools. These tokens include any token originally bridged from Ethereum to Avalanche. The old tokens will be replaced by new ones and have a different naming system. The new bridge tokens use the suffix .e to differentiate from the old tokens. Ex: ETH is the old token, ETH.e is the new token.
If you hold xSNOB and have previously voted to incentivize an Ethereum-based token pool, we encourage you to re-vote on the new pools.
Gauge airdrop
We are distributing a small airdrop in the form of AVAX, as reimbursement for higher than normal gas fees on gauge voting. It was determined that there was an optimization issue causing these higher fees. Our devs have since worked on and implemented a solution that has fixed the issue. Anyone who was affected by the issue will receive compensation for the amount they overpaid in fees.
About Snowball
Snowball is an auto-compounder for liquidity rewards and an automated market maker (AMM) for stablecoins. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.
