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[Guide] What is Beamshare and how does it work?

Stake $GLINT to earn passive income in a few easy steps.

Beamshare is one of the pillars of Beamswap, the Moonbeam-based DeFi hub. In this post, we’ll explore its main features and how to use it to earn a passive income simply by staking the Beamswap-native $GLINT token.

What is Beamshare?

Beamshare is a single-sided auto-compounding pool for the $GLINT token.

With auto-compounding, your yield farming rewards are automatically sold and re-added to your pool, leading to a higher APY.

In practice, this means a 0.03% portion of the DEX fees is used to buy $GLINT and to deposit it into the rewards pool for Beamshare. It goes the same for a portion of the yield farming emissions.

With Beamshare, you can enjoy higher APY rewards and more significant passive income on your staked $GLINT token compared to simple yield farming.

How does it work?

When you deposit and stake $GLINT tokens on Beamshare, you receive $SHARE tokens representing your $GLINT deposit and your share of the pool.

By using a portion of all trade fees on Beamswap to buy back $GLINT tokens, the pool automatically compounds and expands. The more $GLINT tokens enter the pool, the higher your value in $SHARE tokens — the same amount of $SHARE tokens will therefore get you more $GLINT once you unstake them.

The ratio between $SHARE and $GLINT started at 1:1 at the Beamswap launch, and it’s increasing over time (for example, 1:1.5, 1:2, 1:5, etc.), meaning it will add to increasingly higher numbers on the $GLINT side compared to $SHARE.

At the time of writing, the $SHARE : $GLINT ratio was 1:1.1081.

💰 The higher the stake, the bigger rewards

Beamshare is designed to award $GLINT holders for their commitment. Your rewards, therefore, depend on two factors:

🔹 The amount of $SHARE tokens you receive depends on the $SHARE : $GLINT ratio, as described above.

🔹 The fees you earn depend on the size of your share of the pool, much like in liquidity providing (LP). The more you contribute and stake, the higher the rewards.

To get your rewards, you need to withdraw $GLINT. You are free to do so whenever you want, but you need to unstake your $SHARE tokens first. When you withdraw $GLINT from Beamshare, the $SHARE tokens of the withdrawn value are burned and you’re left only with $GLINT.

You can always return the $GLINT tokens back to the pool and stake them again to receive rewards as the $SHARE : $GLINT ratio increases.

💡 Example

To illustrate the above, let’s assume the ratio is 1 $SHARE to 1.5 $GLINT. So if you deposit 1,500 $GLINT, you receive 1,000 $SHARE tokens.

Let’s say you decided to stake your $SHARE tokens until the ratio reaches 1 $SHARE to 2 $GLINT. Now, when you withdraw your $GLINT, your 1,000 $SHARE tokens are burned and you receive 2,000 $GLINT, 500 $GLINT more than your initial deposit.

If you want to get $SHARE again from those 2,000 $GLINT, you will receive 1,000 $SHARE as per the 1:2 ratio. So it pays to hold and stake until you reach the target ratio or until you need $GLINT tokens in other Beamswap services.

❗️ Important to know

No liquidity will be provided for the $SHARE tokens on the swap. $SHARE tokens can only be acquired by exchanging $GLINT on Beamshare. If you sell your $SHARE tokens, you will not be able to withdraw your $GLINT, since $SHARE tokens work as a receipt for withdrawal.

How to use Beamshare

1. First, you need $GLINT tokens. If you don’t have some already, get $GLINT here: https://app.beamswap.io/exchange/swap.

2. Go to Beamshare: https://app.beamswap.io/beamshare.

3. Start staking $GLINT for $SHARE. Click Connect Wallet Now and choose the wallet you prefer. For this guide, we went with MetaMask, but the same procedure applies to WalletConnect and Trust Wallet, as well.

4. Connect your account with Beamswap.
Make sure you’re on the Moonbeam network, otherwise the connection will fail. If your Metamask is not yet connected to Moonbeam, you should add this network first. If you’re stuck or it’s your first time doing it, this guide will help.

5. Now, on to the staking part.
On top of the window, you see the ratio between $SHARE and $GLINT. At the time of writing this guide, the amount of $GLINT that equaled 1 $SHARE was 10% higher compared to the time of Beamswap launch when the ratio was 1:1.

Now, to stake your $GLINT tokens, enter the preferred amount or go all-in with the maximum of your $GLINT balance.

Click Sign and Stake, confirm the transaction in MetaMask, and receive your share of the staked pool in $SHARE tokens.

To get back your $GLINT tokens (+ rewards), simply unstake $SHARE tokens. Under the Unstake tab, enter the number of $SHARE tokens you’d like to unstake (or choose Max), click Unstake and confirm the transaction in your MetaMask wallet.

Staking on your terms

Before confirming the action, throw an eye on Settings and optimize the transaction for a better outcome.

🔹 Slippage tolerance (%): If the price changes unfavorably by more than this percentage, your transaction will revert, and you’ll need to initiate a new one.

🔹 Transaction deadline: If your transaction is pending for longer than the set deadline, it will revert, and you’ll need to initiate a new one.

🔹 Toggle expert mode: Initiating action this way bypasses confirmation modals and allows high slippage trades. You should use it at your own risk.

🔹 Disable multihops: This option restricts swaps to direct pairs only.

🔹 Hardware wallet: If you use a hardware or cold wallet, toggle this option.

$SHARE beyond staking

Besides supporting the staking feature of Beamshare, the $SHARE tokens are designed to provide value and utility on various fronts within the Beamswap ecosystem. Here are a few:

✨ You’ll be able to earn tokens of partnered projects after their launch by depositing $SHARE tokens into Beamswap Syrup pools. This way, you’ll be earning APY twice — first, on your $GLINT tokens staked in Beamshare, and second, on your $SHARE tokens deposited in Syrup pools.

✨ You’ll be able to use $SHARE tokens to participate in IDOs on Beamswap Launchpad. The more $SHARE tokens you hold, the higher your allocation and the better your position in new projects’ IDO.

✨ Once the Beamswap Governance and DAO are implemented, you’ll be able to use the $SHARE tokens for voting and user participation.

Passive income the Beamswap style

Beamshare is one of the main features of Beamswap, and it’s created to bring value to our users and loyal holders of $GLINT.

Since day one, it has brought in a massive interest and triggered a stream of staking spree:

✨ Over 10 million $GLINT tokens were staked in Beamshare within the first 24 hours since Beamswap launch.

✨ Beamshare single-sided farming has reached an APY of over 1900%.

Make your $GLINT work for you in Beamshare, the auto-compounding pool on the Moonbeam network.

👉 Go to https://app.beamswap.io/beamshare, deposit $GLINT and reap rewards with high APY.

Happy staking!

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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