Moonbeam users rejoice! StellaSwap enables seamless cross-chain swaps via Squid and Axelar
StellaSwap has integrated Squid’s widget to offer cross-chain token swaps to their users
We are thrilled to announce that StellaSwap, Squid, and Axelar have partnered to bring cross-chain interoperability to the Moonbeam ecosystem and its users. The collaboration will enable seamless token swaps between Moonbeam and over 25 Axelar-supported blockchains.
StellaSwap, a leading DEX on Moonbeam, has enabled cross-chain swaps and liquidity from their front-end via Squid’s widget. This means that users can swap from any token on any supported chain in and out of Moonbeam in just one click.
How to use StellaSwap’s widget
Users of StellaSwap can now easily access the cross-chain swap feature through StellaSwap’s Cross-chain Swap page. From there, they can choose the assets they wish to swap on each chain. All swaps are facilitated by Squid and Axelar. Learn more about how Squid works here.
We believe that this collaboration is just the beginning of a bright future for cross-chain interoperability. We can’t wait to see what the future holds, and we hope you’ll join us on this exciting journey!
Integrating Squid’s Cross-Chain Widget
StellaSwap is one of the first DEXs to integrate Squid’s widget, a prebuilt UI that leverages Squid’s API and SDK.
The widget allows for the exchange of native tokens on Axelar-supported chains, which include both EVM and Cosmos chains. Powered by Squid’s routing protocol and built on Axelar’s fast, secure, and efficient message passing technology, the widget offers users and developers access to deep liquidity sources for a wide variety of tokens.
Accessing liquidity everywhere
By connecting to liquidity from StellaSwap and DEXes on other supported chains, Squid and Axelar are working towards their goal of making cross-chain swaps and liquidity as efficient, easy to use and user-friendly as possible.
Through the integration, StellaSwap users gain access to a broader range of assets, allowing them to connect with any supported blockchain directly from StellaSwap’s interface. This marks a major milestone in overall user experience, as users no longer have to navigate multiple platforms to access specific tokens and won’t be left with inconveniently wrapped assets.
StellaSwap is a hybrid DEX that features a standard, stable and concentrated liquidity AMM to facilitate the most optimal price discovery for assets on Moonbeam. As an integrated gateway, users can access the ecosystem with ease through our native bridge, swap-for-gas feature, as well as various DeFi opportunities in a click of a button.
Squid allows any token to be swapped between blockchains, and unlocks access to apps across chains in a single click. Use Squid to build seamless user experiences that tap into cross-chain liquidity and scale to reach anyone with a crypto wallet, no matter what chain they’re on.
Axelar delivers secure interchain communication. That means dApp users can interact with any asset, any application, on any chain, with one click. You can think of it as Stripe for Web3. Developers interact with a simple API atop a permissionless network that routes messages and ensures network security via proof-of-stake consensus.