BREAKING: Beamswap upgrades to v3, boosts capital efficiency for Moonbeam-based DeFi
The next-gen DeFi Hub on Moonbeam delivers greater liquidity management, enhancing LP earning and trading opportunities.
Beamswap, the newest v3 DEX
The day has arrived, fellow Beamswappers! 🎉
Following the announcement of Beamswap transitioning to a CLMM DEX, it’s finally fanfare time.
We proudly give you Beamswap v3! 🚀
With the latest upgrade, Beamswap v3 has grown into a decentralized exchange that utilizes the concentrated liquidity market maker (CLMM) protocol to execute transactions. This delivers greater liquidity efficiency and better exchange and earning opportunities for every user.
But there’s more. Much more.
New generation, new features
You can find the v3 version of Beamswap on the same URL, app.beamswap.io.
The UI keeps following the classic Beamswap look and feel but introduces some new features powered by several strategic partners.
🟣 New v3 Farms emitting GLINT and stGLINT
🟣 Triple-reward v3 pools emitting GLINT, stGLINT, and GLMR (grant GLMR)
🟣 3-pool stablecoin AMM (axlUSDC, whUSDC, xcUSDT)
🟣 Swaps powered by standard v3 liquidity
🟣 Swaps and farms powered by added Gamma liquidity
🟣 Integration of Braindex liquidity aggregator
🟣 Integration of Wormhole Bridge and assets
🟣 Native integration of Moonbeam XCM SDK
Let’s dive into details to see what these are all about.
stGLINT
In one of the most radical updates to the platform, the Beamswap v3 introduces the stGLINT token, a staked version of the Beamswap-native GLINT.
With enhanced staking and earning opportunities, stGLINT substitutes the SHARE token and serves as a new reward-generating asset in Beamswap v3 farms and pools.
Learn more about the stGLINT token and what it brings to Beamswap v3.
v3 Farms
The revamped Beamswap v3 introduces new yield farms where you can earn rewards simply by depositing your funds. You know the drill.
The first V3 farms to go live on Beasmwap are powered by Wormhole:
- GLMR — whUSDC
- xcDOT — whUSDC
Plant some seeds and harvest rewards in Beamswap v3 farms.
Triple-reward v3 pools
Akin to pools known from the previous generation of Beamswap, the v3 also introduces liquidity pools that can earn you triple rewards.
Take a plunge and start earning three-fold with GLINT, stGLINT and GLMR (grant GLMR).
3-pool stablecoin AMM
The stablecoin side of Beamswap v3 lets you even dive into a 3-pool stablecoin AMM, powered by Axelar, Wormhole, and Polkadot:
- axlUSDC + whUSDC + xcUSDT
Through seamless swaps and enhanced liquidity provision, you can make the most of boosted rewards and maximize your earning opportunities on Beamswap.
Go to Exchange > Liquidity, and select the Stable AMM tab.
Gamma liquidity
Following the strategic partnership with Gamma, Beamswap v3 concentrated liquidity is getting another liquidity boost.
Gamma is a leading liquidity management expert for DeFi protocols. Their expertise and powerful, tailor-made strategies further enhance the liquidity capacities of Beamswap.
Gamma’s Active Liquidity Management (ALM), an innovative approach to managing and optimizing liquidity, helps to improve the platform’s capital efficiency, reduce emissions and maintain consistent in-range liquidity while keeping the price impact at a minimum.
Go to Exchange > Liquidity > V3 tab. Create a new position and determine the settings for sourcing Gamma liquidity.
Braindex liquidity aggregator
And, for even deeper liquidity to supply all the platform’s transactions, a pro-level liquidity aggregator, Braindex, routes into the Beamswap v3 front end.
As Braindex brings together the combined liquidity of integrated networks and DEXes, Beamswap v3 included, the platform optimizes the execution of swaps, sourcing from all the underlying protocols simultaneously.
Thanks to Braindex, Beamswap v3 further improves the capital efficiency of its crypto markets and ensures better trades for users.
Wormhole Bridge and assets
To enhance cross-chain trading opportunities, Beamswap v3 further integrates the Wormhole Bridge, an industry-leading protocol for cross-chain data and assets exchange.
By connecting to multiple networks, including Ethereum, BSC, Polygon, Solana, and many others, the Wormhole-powered Beamswap v3 Bridge helps tackle liquidity fragmentation and lets you move assets between chains seamlessly and instantly.
Go to Bridge > Bridge, connect wallet, select networks, the asset and amount to move cross-chain.
Following the Wormhole integration, Beamswap v3 also lists Wormhole cross-chain assets that can be easily moved between networks.
These allow you to deposit from any Wormhole-connected chain and tap into the massive liquidity via Beamswap v3.
The initially listed Wormhole asset is wormhole USDC (whUSDC), while more cross-chain assets will make their way to the platform in future upgrades.
Moonbeam XCM SDK
Topping everything off, the Beamswap v3 adds the Moonbeam XCM SDK to the platform to streamline the way Polkadot-ecosystem assets are exchanged.
The simplified interface for cross-chain XCM transfers allows you to easily onboard and offboard DOT assets — from both the Polkadot relay chain and other parachains — to Moonbeam through Beamswap v3.
Go to Bridge > XCM Transfer, and choose the asset to deposit or withdraw from Polkadot chains.
Greater opportunities for traders and LPs
The transition of Beamswap to v3 has been a highly anticipated and crucial milestone for the team and the ecosystem.
As the platform complements the power of concentrated liquidity market maker protocol (CLMM) and its capital management with additional partner-supplied features, Beamswap v3 is about to redefine the world of DeFi on the Moonbeam Network and Polkadot.
Enjoy low-slippage trades, earn greater LP fees, and tap into other exciting opportunities of the new-generation Beamswap.
Spread the word, and we’ll see you on the v3 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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