🔥The 9th Round of Easy Loan, Earn $40 Reward is in progress❗️ ⏰ Promotion Period: January 15th - Feburary 15th, 2025 👉 Register now and check more details at gate.io/campaigns/358

Snowbank is currently trading 6.26% below its $489 risk-free value. This is the risk-free arbitrage opportunity we wanted our holders to capture, a more rewarding mechanism than buybacks!

We hope you didn't think we were done, expect a surprise announcement this Thursday. This is how we bring DeFi forward.

Welcome to Avalanche Old account 👉 follow @safe! Gnosis Safe availability on Avalanche is great news. Snowbank will be transferring its DAO multi-sig to Gnosis Safe shortly.

Increasing utility for $SB is one of our growth goals. We are excited to collaborate with Frax Finance ¤⛓️¤ and our borrow partner that we will reveal soon! You will be able to borrow $FRAX using your wsSB as collateral. Learn more about Frax Finance ¤⛓️¤ here: docs.frax.finance

To make it easier for everyone to know the current $SB risk-free value, you can now view the RFV directly from your dashboard: dapp.snowbank.finance/#/dashboard. Sunday, we will share with you how the redistribution will take place! We found a great way to align community goals!

Last week, we shared our plan to organize an event that would mark the rebirth of Snowbank. We are excited to share further details of Snowbank’s rebirth along with the schedule of the treasury redistribution with you today! Learn more: docs.snowbank.finance/events/rebirth…

Snowbank v2 is one of the most exciting new protocols for enabling protocols to build deep sustainable liquidity. Built on #Avalanche, the fastest rising blockchain in terms of daily transactions. Learn more about it here: docs.snowbank.finance/snowbank-v2/in…

The redistribution event starts tomorrow. Redeem a fixed MIM value per $SB equal to $SB risk-free value. Staking rewards & minting will be paused. You will need to unstake your SB to redeem MIM. Learn more: docs.snowbank.finance/events/rebirth…

You can now swap your $SB for MIM from the Snowbank dapp here: dapp.snowbank.finance/#/redeem. Learn more about the event: docs.snowbank.finance/events/rebirth…

9 hours left to redeem MIM for $SB: dapp.snowbank.finance/#/redeem. After that, turbines will launch, and staking rewards will start again.

51k $SB has been renounced and burnt during the redistribution event. Staking rewards & turbines will restart today!

Period 1 started January 3rd and will end January 16th. Saturday 15th will mark the beginning of our first session during which $SB holders will be able to vote for the next turbine!

Our first new turbine is live! A turbine is another name for the minting contract for a given liquidity pair. MIM-AVAX is the #1 pair on @traderjoe_xyz and will allow the Treasury to earn fees from every swap on this pair. Learn more about turbines here: docs.snowbank.finance/snowbank-v2/li…

Are you excited about our session #1 governance vote? Vote tomorrow until Sunday for the new turbine snapshot.org/#/snowbankgove… and current turbines capacity: snapshot.org/#/snowbankgove…

Period #1 ended yesterday! During Session #1, $SB holders decided that the next turbine would be FXS-AVAX! It will be available in 2 weeks, at the start of Session #2!

Vote today until Sunday for the new turbine snapshot.org/#/snowbankgove… and current turbines capacity: snapshot.org/#/snowbankgove…