Beamswap monthly recap #29

Polkadot OpenGov Proposals, Moonriver DEX approval, Gauntlet recommendation, new volume record on Beamex, EthPrague, and $PINK Airdrop distribution.

Beamswap
Beamswap
Published in
6 min readJun 6, 2024

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For Beamswap, May was all about mapping out new horizons and charting the paths to reaching them. Here is what the future is about to hold for the DeFi space on Polkadot.

🚀 Growth

🟣 Proposals to boost activity on Polkadot

A few weeks ago, the Beamswap team opened two proposal-based discussions on Polkadot OpenGov to gather constructive feedback from the community before going all in with governance voting.

The feedback we received was more than encouraging, and soon after, the discussed proposals went live as referenda for voters to vote on.

  1. Beamex PERPadot: $DOT LP Depth Loan (500,000 $DOT)

The aim of the first proposal is to create a significant $DOT liquidity depth on Beamex, which would allow users to open larger leverage positions natively on Polkadot.

OpenGov Discussion #2301 by Beamswap

Show your support and vote on Referendum #794 👉 here.

2. Beamex PERPadot: $DOT Liquidity Incentives (500,000 $DOT)

The liquidity incentive program, which is the subject of the second proposal, is designed to attract liquidity and onboard new users to the Polkadot ecosystem by delivering significant liquidity depth for perpetual trading and thus optimizing their trading experience.

OpenGov Discussion #2302 by Beamswap

Back the proposal and vote on Referendum #795 👉 here.

By any means, you are also welcome to join the discussion in the threads below the introductory description and help us show that Polkadot deserves a fully liquid perpetual exchange.

We appreciate everyone’s support! 💪

🟣 Next stop: Moonriver

Beamswap is conquering new territories! 🌎

In late April, the Beamswap team submitted a proposal to the Moonbeam Governance Forum to develop and maintain a decentralized exchange on the network’s sister chain, Moonriver.

Soon after, the initiative grew from an idea to a solid plan — it has been approved by the decision-makers, and Beamswap is proud to be the chosen provider to launch a new DeFi hub on the Moonriver network.

Decision by Moonbeam to award the grant to shape Moonriver’s DeFi Strategy to Beamswap

The decentralized exchange will perfectly complement Moonriver’s relaunch this summer, supplying the network with a new venue to attract more users and generate greater activity.

Dive into the deets of what this means for Moonriver and what Beamswap plans to roll out in the upcoming months. 👇

🟣 Gauntlet Strategic Recommendation

The hard work in the past and the great potential of the Beamswap roadmap have been recognized by Gauntlet.

Gauntlet is a leading and highly experienced DeFi-native economic research firm that aims to solve economic pain points across DeFi.

Recently, Gauntlet submitted new guidelines for future Moonbeam Ecosystem Grant Allocations:

  • 30% of the funds for decentralized exchanges (DEXes)
  • 25% for lending protocols
  • 25% for apps that facilitate cross-chain interactions
  • 20% for innovative product development — recommended recipient: Beamswap 🔥

In case the Moonbeam Network follows Gauntlet’s recommendations, Beamswap will strive to further strengthen the adoption of the Beamex perpetual decentralized exchange, solidifying its position as a premier perpetual trading product in the Polkadot ecosystem.

This would also bolster Beamswap’s OpenGov proposals, where you still have an opportunity to cast your vote. ☝️

📈 Beamex

🟣 New volume record

Another month, another mind-boggling stats for Beamex! 👀

In May, the Polkadot-based perpetual DEX hit a new milestone — $80,000,000 in total volume! 📈

The growing numbers clearly demonstrate the increasing interest among traders in expanding their portfolio in a decentralized manner, straight from their wallets, without relying on centralized services or user accounts.

Join them and start trading with $DOT, $GLMR, $BTC, $ETH, $USD and $USDC today 👉 https://beamex.exchange/#/trade.

🎤 Events

🟣 EthPrague

Despite being glued to our computer screens most of the time and working hard to perfect your DeFi experience, the Beamswap team also takes time to participate in live events to learn about the ecosystem news and future orientation first-hand.

On the last day of May, the Beamswap team attended EthPrague, one of the must-attend events in Web3 on European soil.

Dr. Gavin Wood taking stage at EthPrage

Among other exciting takes on what’s next for Ethereum and its applications, we thoroughly enjoyed Dr. Gavin Wood’s talk about the future of Polkadot and JAM, short for Join-Accumulate Machine, a prospective design to succeed the relay chain.

🎀 PINK

🟣 $PINK Airdrop done and done

In late March 2024, Beamswap rolled out an initiative to drop $PINK, one of the hottest meme coins in Polkadot, to Beamswap users as a reward for their activities on the platform.

Now, we are pleased to announce that all $PINK Airdrop rewards have been distributed and found their way to their new owners. Congratulations to all! 🔥

If you missed the train this time, worry not! Stay tuned for more collaborations with the most promising ecosystem players, and get your wallets ready for the drop!

👪 Community

🟣 GitBook updated

Beamswap’s GitBook contains all the information on how the platform works, what it offers, and its roadmap.

Now, it also delivers updates featuring Monthly, Quarterly, and Yearly Recaps of the Beamswap teamwork and the accomplishments it accumulated along the way.

Follow the chronological evolution of Beamswap and Beamex through a series of recaps from Q1 2021 to Q2 2024. 👇

Get your skin in the DeFi game and enjoy the variety of features and portfolio-growing options with Beamswap and Beamex, the leading DeFi and perpetual trading platforms in the Polkadot space.

See you on the other side! 🚀🌖

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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