QuarryDraw — Avalanche

Unusual Mint
4 min readNov 4, 2022

Introduction

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.

A key difference between Avalanche and other decentralized networks is the consensus protocol. Over time, people have come to a false understanding that blockchains have to be slow and not scalable. The Avalanche protocol employs a novel approach to consensus to achieve its strong safety guarantees, quick finality, and high-throughput without compromising decentralization.

Snowman is a chain-optimized consensus protocol–high-throughput, totally-ordered, and great for smart contracts. Snowman is powered by the Avalanche consensus protocol. Both P-Chain and C-Chain implement the Snowman consensus protocol. Validators secure Avalanche, create new blocks/vertices, and process transactions. To achieve consensus, validators use the Snowman Consensus Protocol. The probability that a given validator is sampled is proportional to its stake.

Avalanche consensus comparison

For a more in depth understanding of Avalanche we suggest you to check out their docs.

Validators

Validators on the Avalanche Mainnet require a minimum stake of 2'000 $AVAX, which is a sum that not everyone can accumulate, and a maximum stake of 3'000'000 $AVAX. The minimum amount of time someone can stake funds for validation is 2 weeks and the maximum is 1 year. While the minimum delegation in $AVAX to a validator is 25, the capacity of a validator is 5 times the amount of $AVAX that he has staked. The minimum amount of time people can delegate funds is 2 weeks and the maximum is 1 year.
The minimum delegation fee rate is 2%.

The annual ROI of $AVAX staked for validation, which can be checked here, is roughly around 9%. The ROI of $AVAX delegated is the same as the one validators earn, which is taxed with a minimum of 2% delegation fee, thus the maximum possible ROI will be 8.82% (at 9% rewards).

You can check out the entire validator list and all related data on Avaxscan

Workflow

Avalanche will be our first network to be provided with fractionalization of its validator, the workflow will be the following:

Avalanche workflow

As you can see we will give you the possibility to interact as both investors or users, which will increase investors’ rewards.

We wan to give everyone as much flexibility and liquidity as possible, so we will work to provide to every component issued by us DeFi utilities and opportunities. We plan to give you the possibility to being able to borrow against your position, with both volatile and non volatile assets, thus you won’t be stuck in one sole position, giving you the ability to be able to scavenger for opportunities and/or edge the position.

The next article will be a in depth view of the workflow.

Governance

All shares owners will have the privilege to take part on the governance of the protocol, thus receiving the responsibility to decide and influence the protocol’s direction.

Objectives

Our main objective on the Avalanche network is to test a brand new way to introduce validation by leveraging GameFi and semi fungible tokens, this idea was born to detach our tokens from a AMM type of pricing, as we think that people are more likely to see opportunities on a de-pegged SFTs or NFTs than a regular fungible token, which in most cases will probably only create panic across the community.
We plan to add numerous services and utilities to our main service, as this first main aim will mature we plan to add another major service, and who knows maybe there is even more…

Our attention moving forward will always be pointed through security, innovation and sustainability.

As our business develop, numerous objectives will be accomplished, which will all aim to provide shares that will occur more than a simple validator ROI.
As well as a better return than the whole ecosystem we want to bring you the most clear and transparent relation between us, investors and users to ensure that you can and you will be as safe as possible around us and our partners.

Moreover we will be more than happy to help any protocol than is facing any difficulties on the network by providing them and their users our services in the most mutually beneficial way possible.

— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — —

QuarryDraw,

Fractionalization of blockchain infrastructures. Bridging the gap between people and blockchains on any network.

If you want to learn more you can check out our Docs or join us on Discord, Twitter or just by visit our website.

--

--

Unusual Mint

Unusual Mint, products’ holding. Specialized on web3.