New Gauge System, Mobile Support, 1.5x Reward Boost

Published on: 30.08.2021

The incredible success of Snowball and Avalanche over the past few weeks has been an undeniably exciting ride. They’ve seen the ecosystem grow to new highs, and more people are asking how to participate in Snowball every day.

However, this growth has come with a unique set of challenges — some expected, some unexpected. One of these unexpected challenges was Snowball outgrowing its gauge system, the very system that allows users to earn SNOB.

Their gauge smart contracts were originally a variation of Pickle Finance’s contracts, a protocol built on the Ethereum blockchain. Long story short, Snowball has grown even more than the original protocol’s gauge system, so much so that Snowball reached the smart contract’s capacity. In other words, Snowball has grown so much that it needs new gauge contracts.

Today, they are unveiling these new gauge smart contracts. Their developers have been working tirelessly over the past week to create better, more robust contracts so that they can continue to give SNOB rewards to new pools that are added. In this new system, SNOB reward allocations will be distributed daily, an upgrade from the previous weekly distribution system. Additionally, theycan now reset old pools that have been deprecated so that they no longer receive SNOB.

In addition to the new gauge system, Snowball’s website is now fully mobile friendly. To celebrate these two features, all pools will earn a 1.5x boost in SNOB rewards this week, effective immediately.

How to Switch to the New Gauges

When you go to Snowball’s website, you will be prompted to upgrade to the new gauge system so that you can continue to earn SNOB rewards.

To migrate, you will need to click the “Upgrade!” button that pops up. After this, you will be prompted to make a series of transactions. For every gauge that you are currently deposited in, you will need to make 4 transactions. Don’t worry about leaving the page and coming back. If you refresh the page, you will be prompted to upgrade again.

Anyone who makes the switch to gauges v2 will be reimbursed with an airdrop of AVAX.

What this Means for SNOB Allocations

With the launch of their gauge system v2, all pools will need to be voted on again to receive SNOB rewards. If you own xSNOB, make sure to go to the staking page of their website to vote on the pools you think should receive SNOB.

With the launch of gauges v2, the Snowball team has allocated SNOB to a number of pools. However, moving forward xSNOB votes will determine the distribution. With gauges v2, SNOB distributions will be updated daily. You no longer need to wait a week to see your favorite pools incentivized.

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.