Beamswap
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Beamswap

Beamswap monthly recap #6

In June, we’ve been busy introducing new features to the platform and building important partnerships that will pave the way to even more productive months to come.

⚙️ Features

🟣 New Yield Farms

At the beginning of the month, we announced the addition of two new crypto-pairs on Beamswap Yield Farms:

  • xcDOT — GLMR
  • GLMR — madUSDC

In the newest update, another crypto asset is making its way to our DeFi hub and its users:

🌊 $TIDE

$TIDE is a token of Surfswap, a DEX on the Kava network. The $TIDE token will be pre-mined on Beamswap as a dual reward token. Check out the Surfswap dapp on https://surfdex.io and get familiar with everything they have to offer. 🏄

$TIDE will go live on Beamswap soon, so follow the Beamswap Announcement channel and be the first to know about it.

👇 Interact with the contract and earn $TIDE on Beamswap Yield Farm. 👇

🟣 Stable AMM

Another month, another Roadmap milestone. The Beamswap DEX reached new highs with the Stable AMM, a key protocol supporting affordable trading of stablecoins and correlated assets.

With this upgrade, Beamswap has evolved into a Hybrid AMM DEX, combining the Stable AMM and Standard AMM trading models, further empowering DeFi users and providing the most for their crypto assets.

👇 Read all about it here. 👇

The Stable AMM has also brought new stablecoin pools to Beamswap Yield Farms, allowing users to earn staking rewards with no impermanent loss.

  • 4POOL: USDC + USDT + DAI + BUSD
  • 3POOL: madUSDC + madUSDT + madDAI

🚜 Start staking and farming $GLINT rewards on Beamswap. 👇

🤝 Partnerships

🟣 Fractal

We’ve joined forces with Fractal, an open-source zero-margin protocol setting the standard of exchanging user data in a fair and open way. Fractal allows users and businesses to exchange information in a privacy-preserving manner, balancing out the control over data between web platforms and their users.

By implementing Fractal ID, Beamswap is adding an identity layer that brings trust, security, and compliance to our community. Besides, it reduces the regulatory hassle for new Web3 projects, so that they can launch safely and compliantly on the Moonbeam network.

📢 In the public eye

In the latest post by the Polkadot Insider, Beamswap has been featured as a key player in the Moonbeam-native DeFi landscape. We’re thrilled to be sharing space with such boundary-pushing projects.

With the first six months under our belt, we’ll be soon releasing the Beamswap quarterly report, reviewing some of the key milestones we’ve reached so far. Follow our social media channels and stay tuned for the launch of more DeFi goodies.

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

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Beamswap is a decentralized exchange (DEX) with an automated market maker (AMM), providing liquidity and peer-to-peer transactions, built on the Moonbeam network.

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