Overview

Make it $SNOW

Snowball Protocol fuses token economics, AVAX-collateralized minting, high-leverage loans, and gamefied staking into a single, tightly integrated DeFi ecosystem. The $SNOW token is backed by $AVAX and features a mathematically enforced, up-only backing model that increases over time.

Snowball is incubated by MCLB DAO and built with inspiration from BakerDAO and Eggs Finance, reimagined for Avalanche with meme-fueled branding, dynamic vault structures, and a bribe-based growth flywheel.

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❄️ How It Works

• Users mint $SNOW by depositing $AVAX

• Users can melt $SNOW to redeem $AVAX

• Users can borrow $AVAX at up to 99% LTV against their $SNOW

• There are whitelisted pre-deposit vaults that let users mint $SNOW at fixed prices alongside others in the same tier

• The bonding curve and fee design ensure that backing per $SNOW always increases, regardless of user behaviour.

The initial supply of $SNOW will be determined by the total $AVAX committed in pre-deposit vaults. Max initial cap of $SNOW will be 5 million. After that, the supply cap is dynamic and may be adjusted based on liquidity, vault usage, and protocol performance.

Due to protocol fee mechanics, the maximum theoretical AVAX loss is 5% (2.50% mint + 2.50% burn), though real losses are typically lower — and backing per $SNOW continues to rise.