Beamswap quarterly report Q1 2023
Following the end of the first quarter, we gathered the most recap-worthy achievements at Beamswap.
The first year is usually the hardest. There is so much to deliver, both in terms of product and user growth, and the need for the team to prove the project’s worth never ceases. But finishing it successfully does not mean the hardest work is behind us. If anything, previous successes made us hungry for reaching even higher.
With the first quarter of the second Beamswap year behind us, we reflect on the main achievements and other highlights that will continue to resonate and serve as a building ground in the upcoming months.
Q1 2023 highlights
🍰 First anniversary of Beamswap
A tad over one year ago, Beamswap launched into the Moonbeam Network and Polkadot space. The team’s hard work and dedication were crucial, but the incredible support of the fantastic Beamswap community was key in turning the platform into a leading DeFi dapp in the ecosystem.
💸 7-figure Beamshare TVL
Beamshare has been the go-to place for earning passive income on crypto funds. The Beamshare TVL has hit over USD 1 million worth of $GLINT staked, rewarding the Beamswap community with the ~18% APR for holding $SHARE.
📈 Beamex, the first perpetual DEX on Moonbeam
Currently in the Beta stage, the Beamex DEX was launched to deliver leverage crypto trading on the Moonbeam Network at low fees and zero price impact. In the first few days, it has hit over 1,000 users and keeps on growing.
💧 Beamswap V3 Concentrated Liquidity
Beamswap DeFi Hub has been getting an upgrade to v3 with concentrated liquidity (CLMM) to increase the platform’s capital efficiency, reduce slippage, and deliver greater yields to liquidity providers.
📃 Moonbeam Grant Proposal
Aiming to enhance the platform’s adoption through increased liquidity for Beamswap v3 and Beamex, and to boost the relevance of Moonbeam Network in the Web3 space, the team has filed a Moonbeam Grant Proposal.
What else happened
We partnered with
💸 GLMR Apes and DAM Finance to launch a $GLMB — $d2o pool
🌖 MoonFit to boost the health of the community while awarding NFTs
Other highlights
💼 We attended ETHDenver, the world’s longest-running Ethereum event;
📰 Beamswap DeFi Hub got featured multiple times by Polkadot Insider;
💪 With over 11,000 holders, $GLINT was the most popular token on Moonbeam, and $SHARE came in fourth with more than 5,000 holders;
🔥 More than 61M $GLINT have been burned from the circulating supply to date;
💸 Private Sale Tokens were distributed and became available to claim;
and a lot more.
Take a deep dive into monthly news and discover why Beamswap became a leading DeFi platform in the ecosystem. 👇
Q2 2023, bring it on
With plenty to work on, expand, and perfect, the Beamswap team remains determined to bring only the best of DeFi and decentralized trading to every crypto bag holder, regardless of their background, experience or expectations.
Stay tuned for more exciting updates on the new platform upgrades and get the most of decentralized finance with Beamswap and Beamex. 👇
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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