What is Beamex?
Beamex is the newest perpetual DEX, rising from the successes of Beamswap, a leading DeFi hub on the Moonbeam Network, and expanding it with more opportunities for derivatives trading.
As a decentralized spot and perpetual exchange, Beamex brings advanced crypto trading, both swaps and leverage trades, at low fees and zero price impact.
Sourcing the price aggregate feed from top-volume exchanges, it delivers dynamic pricing and mitigates the risk of liquidations from temporary wicks.
Beamex sources liquidity for perpetual trades from a unique multi-asset pool, which further delivers opportunities for liquidity providers to earn for market making, in swap fees, and leverage trading.
What are the core features of Beamex?
Leverage trading
As a major improvement from Beamswap DEX, which primarily supports simple asset swaps, Beamex enables crypto trading with up to x10 leverage.
You can go either long or short on your asset of choice and multiply your profits when the target price is met.
Low fees
Maximizing your portfolio starts by shedding unnecessary costs, including fees.
Beamex leverage trading incurs a low, 0.1% fee, a significant reduction from the current 0.3% fee on Beamswap DEX.
30% of the protocol fees are rewarded to holders of $SHARE token and 70% to BLP liquidity providers.
Deep liquidity
Solid, continuous liquidity is essential for any DEX, but even more so for perpetual trades. Leverage trading on Beamex sources liquidity from a dedicated, multi-asset liquidity pool.
Contrary to Beamswap DEX, where liquidity was provided by LP token pairs, Beamex introduces a unified LP token that constitutes an index of assets supporting all trades on the platform. Learn more about Beamex LP token.
The Beamex liquidity pool further allows you, as a liquidity provider, to earn rewards for market-making in swap fees and leverage trading fees.
Low liquidation risk, minimal spread, zero price impact
The trading price of assets supported on Beamex is determined based on the aggregate of top price feeds of major CEXs. This has a three-fold impact — it calculates the optimal price, reduces liquidation risks, and keeps costs at a minimum.
You can enter and exit positions with minimal spread and zero price impact while avoiding liquidations caused by temporary wicks in price.
Greater earning opportunities
Liquidity providers have one more reason to add to the liquidity pool.
On Beamswap DEX, an asset price is determined based on the amount of LP tokens in a liquidity pool, allowing traders to create a profit by adjusting an asset price on Beamswap to match the one on CEXs through arbitrage. However, this strategy could impair the platform’s liquidity.
Now, on Beamex, an asset price is determined by price oracle, not the number of assets in the Beamex Liquidity pool. This allows liquidity providers to keep the profit made by arbitrage traders on Beamswap, a traditional DEX model, as well as new V3 concentrated liquidity models.
Sleek UI and enhanced UX
Even the most advanced trading infrastructure doesn’t do the job if it’s too complex to use.
Beamex delivers a new, improved user interface that ensures a great trading experience while respecting the legacy Beamswap design embraced by the community.
With just a few clicks, you can open long or short positions, and keep a clear overview of advanced options, trading history, and supported assets.
BLP token — powering Beamex liquidity
BLP, Beamex Liquidity Provider Index Token, is Beamex’s native liquidity provider asset.
It represents an index of assets used to support swaps and leverage trading on Beamex, and replaces the liquidity token pairs used to provide liquidity on Beamswap.
BLP is composed of:
- ETH (30%)
- BTC (12%)
- DOT (5%)
- GLMR (3%)
- USDC (50%)
You can mint BLP using any index asset or burn it to redeem any index asset.
Leverage traders source liquidity by borrowing from exchange, or, more accurately, liquidity providers or BLP token holders. When such traders suffer a loss, BLP holders earn a profit and vice versa.
Defying the standards of DeFi
Beamex is the new decentralized perpetual exchange to launch on Moonbeam, and it aims high.
With reduced emissions and greater efficiency compared to V3 concentrated market makers, Beamex is set to redefine the way traders advance on their crypto journey and build portfolios. Unlike trading on CEXs, they are spared the need to KYC, and remain in control of their assets, trading directly from their wallets instead of depositing funds to trade.
Stay tuned for the date of the official Beamex launch, and sharpen your trading skills on Beamswap DEX while you wait. 🚀
About Beamswap
Beamswap is a DeFi Hub built on the Moonbeam Network featuring a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming. Beamswap will support the growth of Moonbeam’s ecosystem and act as a launchpad for new projects developing on the network. Our team’s mission is to aid in the multichain vision to serve as a host for projects on the Moonbeam & Polkadot Ecosystem while working alongside projects with existing infrastructure looking to bridge into the multichain universe.
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