Beamswap monthly recap #22
Bifrost partnership, new pools in Yield Farms, UI improvements, Moonbeam Ignite backing, competitions and giveaways — all this and more in just a few weeks.
🤝 Partnerships
🟣 Bifrost
The latest partner following a series of industry-defying players joining the Beamswap family is Bifrost. We are super excited and proud to announce our strategic partnership that will bring a wider selection of DeFi use cases to our users.
Bifrost is a modular, scalable, non-custodial omni-chain LSD parachain based on Polkadot.
A few months ago, Bifrost’s proposal to register liquid staking tokens (LSTs), including xcvGLMR, on the Moonbeam Network, passed successfully.
And now, it brings all the benefits of omni-chain LSTs to Beamswap users. Learn more about Bifrost Finance and what does it bring to the Beamswap table. 👇
You can liquid stake using the Omni Liquid Staking dapp powered by SLPx. Easily mint and manage any vToken on any chain and take advantage of several benefits:
✅ Native experience on any chain
✅ Maximized liquidity efficiency
✅ Safe services via XCM and other decentralized applications
✅ Composability and interoperability
✅ Staking rewards
… and more.
Take advantage of Bifrost’s liquid staking opportunities. Go to 👉 app.beamswap.io, and in the top menu, click “Liquid Staking” to start your Omnichain LSD journey.
🟣 Moonbeam Ignite
As we reported a while ago, Beamswap was granted a share of Moonbeam Ignite’s liquidity initiative through the Moonbeam Ecosystem Grants tranche two, to help boost the network’s potential together with several ecosystem players.
Thanks to the Ignite program, Beamswap will enhance market liquidity for Beamex and Beamswap v3, which will, in turn, bring in more active users and greater engagement in the Moonbeam network.
To top it off, we compiled a short video tutorial to educate on the crucial platform features and help the users transition to the Moonbeam-based world of DeFi. 👇
Or, if you prefer reading over listening, dive into the 101 guides through Beamswap and Beamex.
📈 Beamswap v3
🟣 New pools
The Beamswap Yield Farms got richer for a new addition of incentivized pools, bringing greater opportunities for earning rewards.
Jump on the DeFi train and start generating yields with:
💰 GLMR — whUSDC
💰 xcDOT — GLMR
💰 3pool (whUSDC, xcUSDT, axlUSDC)
Beamswap Yield Farms await 👉 http://app.beamswap.io/farm
Also, please note that the arrival of new pools has led to the retirement of the following farms:
❌ GLMR — USDC wide
❌ xcDOT — USDC narrow
❌ xcDOT — USDC wide
This is your chance to remove your LP tokens and relocate your funds to newly added pools and keep generating passive earning.
🟣 Bifrost’s Yield Farms
The strategic collaboration with Bifrost bore fruits in the Yield Farming department, too.
Bifrost’s liquid staking solutions on Beamswap added a variety of pools with Bifrost assets:
💰 xcDOT — xcvDOT (triple rewards)
💰 GLMR — xcvGLMR (dual rewards)
💰 xcBNC — DOT (dual rewards)
Add your share to the pools and start generating yields with Bifrost on Beamswap and Bifrost! 👉 https://app.beamswap.io/farm
📈 Beamex, Moonbeam-based perpetual DEX
🟣 Unified UI
At Beamswap, user experience is constantly on our minds, and we always seek ways to improve it — from the slightest tweaks to major redesigns.
One such upgrade was done to the user interface — the face of the platform.
Instead of appearing as two separate entities, the Beamswap and Beamex got their UIs merged into a seamless and cohesive gateway to both DeFi and DEX features.
Navigate through the more user-friendly interface, and easily jump from the world of DeFi to that of futures trading and back — in a few clicks and under one roof.
Go to Beamex, and in the top menu, find shortcuts to Beamswap’s DeFi features.
📢 Ecosystem shout-outs and achievements
Much is going on in the Moonbeam and Polkadot ecosystems, so it’s quite an accomplishment to stand out in all the daily noise.
But we managed to earn some valuable mentions.
First, our parent network included Beamswap in the context of seamless token transfers in the Polkadot and platforms that support the exchange and utilization of xcDOT. 👇
And soon after, the result of our partnership with Bifrost Finance, the xcBNC — xcDOT pool, was highlighted in one of the recent episodes of DeFi News. 👇
As always, we appreciate any and all backing by our community and ecosystem peers, and strive to deliver increasingly more useful and newsworthy features.
👨👧👦 Community
🟣 Polkapals rewards
The Polkapals competition has come to an end, with successful distribution of rewards to their rightful owners.
We congratulate to all the winners and thank all those who joined in and showed support — every click counts!
If you haven’t done so, see prize distribution here and check your wallets 👉 here.
🟣 Equilibrium AirLyft Giveaway
To top off the strategic partnership that Beamswap recently formed with Equilibrium, the teams jointly launched an Airlyft Competition giveaway, a $300 prize pool in xcEQD tokens.
Everyone was welcome to participate by following Beamswap and Equilibrium on X (Twitter) and completing a few dead-easy AirLyft tasks. 👇
https://airlyft.one/beamswap/beamswap-x-equilibrium
Soon after, the best among many found their place on the leaderboard and got their share of the prize pool rewards.
A big thank you to everyone who joined in, and congrats to those who got their bag of xcEQD!
Wondering if you’re one of them? Check results 👉 here.
🟣 Coming soon: Moonbeam Network X Space
On the community outreach front, we continue our streak of live sessions and spreading the word about Beamswap and Beamex in audio format.
As usual, the place for such debates is X Spaces, and this time, we’ll join an episode by Moonbeam Network: Tips & Tools for Navigating DeFi.
Our Business Developer Jay will take you through the ins and outs of the Beamswap and Beamex platforms, so mark your calendars and tune in!
🟣 XOTM — X of the Month
Nothing like an ecosystem-wide shout-out! Thanks, Moonbeam Network, for shining a light on our liquidity programs. It’s a win-win. 🚀
Follow our social media channels, and stay tuned for more news coming your way as it happens!
In the meantime, make the most of DeFi with Beamswap and trade crypto on your terms with Beamex. The world of opportunities awaits!
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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