- Beamex, the Moonbeam-based perpetual DEX
- Why Beamex Beta on Moonbase Alpha?
- Assets you can trade on Beamex Beta
- BLP token powering Beamex liquidity
Beamex Beta, the newest perpetual DEX, launched in the Moonbase Alpha test environment that allows for more accurate monitoring and issue targeting on the Moonbeam Network.
Beamex, the Moonbeam-based perpetual DEX
Beamex is one of the latest platforms to deliver perpetual crypto trading in a decentralized way and the first to launch on Moonbase Alpha.
Beamex Beta delivers advanced crypto exchange options, both instant swaps and leverage trades, at low fees and zero price impact. The price aggregate is sourced from top-volume exchanges and ensures dynamic pricing that mitigates liquidation risk from temporary wicks.
With features perfected to please even the most demanding traders, it delivers a great user experience with advanced possibilities to grow one’s crypto portfolio.
- Leverage trading: Beamex supports crypto trading with high leverage and allows users to go long or short on the supported assets simply by connecting their wallets.
- Low fees: Leverage trading on Beamex incurs a low, 0.1% fee. 30% of the protocol fees are awarded to $SHARE holders and 70% to BLP liquidity providers.
- Deep liquidity: The liquidity for leverage trading is sourced from a unique, multi-asset liquidity pool.
- Low liquidation risk, minimal spread, zero price impact: The trading price of supported assets is sourced from the aggregate of top price feeds of major CEXs. This calculates the optimal price, mitigates liquidation risks, and minimizes costs.
Why Beamex Beta on Moonbase Alpha?
Moonbase Alpha is the first TestNet environment of the Moonbeam Network. It serves as a platform for developers and newly released dapps to experiment and release features on Moonbeam in a shared space.
As Moonbeam’s TestNet, it reflects the production configurations of Moonbeam as a parachain on Polkadot and Kusama, not a Substrate development setup.
At this stage, Beamex Beta was released on Moonbase Alpha TestNet in order to thoroughly test all the critical features on Moonbeam before launching on Mainnet.
The experimental environment allows the team to monitor the performance of the Beamex platform, tweak as necessary, and improve the features and functionalities before the official launch.
Dive into the technical details of Moonbase Alpha. 👇
Assets you can trade on Beamex Beta
On the Moonbase Alpha-based release of the Beamex Beta, you can trade the following assets:
- BTC (contract: 0xe07259B9c825c7Cd335f53B974f162A4DC67Ca9C)
- ETH (contract: 0x93078298d66E8ce3E45D3CbdBF7db14671Ea1cbc)
- USDC (contract: 0xe35d471A48d2bc7B3b5502eB2a8c1c2D1E9a0Ce7)
- DOT (contract: 0x1916FF22Ca55255a7531DbC4CF838FA36265915C)
- wGLMR (contract: 0x9dCca533798Aae4EC78cFEb057cb7745DcDe3048)
Once Beamex migrates to Moonbeam Network Mainnet, the above tokens and more will be available to trade.
To Beta-test the Beamex platform, get some vault tokens and try out its features. 👇
BLP token powering Beamex liquidity
To ensure optimal liquidity to sustain Beamex-based trades, both swaps and futures, the platform introduces Beamex Liquidity Provider Index Token (BLP), a native liquidity provider asset.
BLP represents an index of assets that support swaps and leverage trading on Beamex and 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.
Landing on Moonbase Alpha
Elevating the trading of crypto futures to a decentralized level, Beamex ensures greater trading efficiency and grants users more power in how they manage and boost their portfolios.
Maintain control of your assets, trade directly from your wallet, and harness the possibilities of decentralized perpetual trading.
Stay tuned for more exciting news, including the date of the official Beamex launch, and test your trading skills with Beamswap Beta on Moonbase Alpha.
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.
Twitter | Telegram Group | Telegram Announcements | Discord | GitHub
