Beamswap Proposal to revive the Moonriver ecosystem

Deep liquidity incentives would give a much-needed boost to the Moonriver Network.

Published in
4 min readApr 23, 2024


The evolution of the Web3 and Polkadot space has never been a solo game. The Beamswap team is always on the lookout for ways to expand the reach of DeFi opportunities across communities.

This time, on the Moonriver and Kusama Network.

To achieve the set goals faster, Beamswap submitted a Grant Proposal to the Moonbeam Governance Forum.

Deeper liquidity for ecosystem adoption

A quick check on DeFiLlama reveals that Moonriver lags behind other networks in multiple aspects, TVL included, mainly due to insufficient liquidity to sustain a greater influx of users and transactions.

Comparison of TVL between Moonbeam and Moonriver networks (Source: DeFiLlama)

This is where Beamswap sees potential. With the network’s backing, Beamswap’s concentrated liquidity incentives would increase capital efficiency compared to v2 platforms like Solarbeam or Huckleberry.

Besides, the network would profit from higher asset utilization, high efficiency, low slippage on all trading pairs, and sustainability via default fee sharing.

As a result, much fewer resources would need to be poured into the exchange via ecosystem grants. What’s more, by implementing Axelar and Squid, the network’s native $MOVR token would become accessible from all supported networks in one-click cross-chain swaps.

Access the full proposal on Moonbeam

With 470,000 $MOVR in liquidity incentives and $150,000 for the platform’s V3 development, Beamswap would foster growth and expansion of the network for a year.

A deeper base liquidity on the Moonriver Network would ultimately allow institutional and retail users to execute trading strategies with much higher efficiency but lower fees and slippage, leading to improved experience and faster user adoption.

Development first

The costs of developing a comprehensive product suite for the Moonriver Network would be covered by both Beamswap and Moonriver. The marketing-related expanses, however, would be the sole responsibility of Beamswap, tapping into our wide community and spreading the word about Moonriver-based DeFi solutions.

The product suite developed by Beamswap on Moonriver would include:

👉 Concentrated Liquidity v3 with external engine
👉 CLMM DEX with Stable AMM support
👉 LSD native exchange token staking
👉 Community projects liquidity (no listing fee)
👉 Cross-chain swap capability
👉 Axelar bridge integration
👉 Advanced router with Squid
👉 Launchpad (optional)

Beamswap would also integrate a liquidity farming engine to allow farmers to farm network grants and enjoy a seamless yield farming experience.

Incentives allocation

Most of the granted funds would be allocated to the Moonwell DEX to leverage a robust network for borrowing and trading.

The remaining part would be earmarked for projects that seek to migrate or build on the network to nurture a competitive and welcoming environment for newcomers.

In order to assess the proposal’s success, Beamswap would track the following metrics:

👉 MoonriverDEX v3 TVL
👉 MoonriverDEX monthly volume
👉 MoonriverDEX 30-day transactions

As for the pools, most incentives would be allocated to $KSM, $MOVR, and the native stablecoin pool, while all the additional incentives would be represented by vested tokens provided by Bifrost.

The following pool combinations have been suggested:

👉 MOVR — xcKSM
👉 MOVR — axlUSD
👉 xcKSM — xcvKSM
👉 3-pool: axlUSDC, axlUSDT, FRAX

For conservative TVL estimates, please check the tables below. 👇

TVL calculations based on the 470,000 $MOVR rewars for a 6-month period, distributed evenly every month

The significant increase in TVL would help the Moonriver Network fast-track its progress to a deep liquidity book, enabling large swaps without major slippage.

Besides, the broader ecosystem could leverage the network’s offering through development incentives.

Calculation based on the grant funding of 50,000 $KSM tokens.

Growth — reignited

In this somewhat stagnant period for the Moonriver network, Beamswap is well-suited to revive the ecosystem activities, primarily through opportunity-boosting initiatives and strategic partnerships.

Given Beamswap’s proven track record (see previous Moonbeam Grant Proposal), the team’s expertise could effectively increase the Moonriver Network’s core stats, including the number of active users, transactions, and TVL.

Find the full proposal details 👉 here, join the discussion, and show your support — spreading the word about our vision counts, too! 🚀

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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