Beamswap — The ultimate DeFi hub on Moonbeam
Source: Beamswap Website
Moonbeam is a fully Ethereum-compatible environment on Polkadot, which means that it mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform also extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations. This explains why many projects have already started building and integrating with Moonbeam.
With the Moonbeam network having gone live in Dec 2021, it is expected to complete its full launch in Jan 2022. When that happens, Beamswap is ready to enjoy first movers advantage as the decentralized exchange (DEX) with an automated market maker (AMM) on the Moonbeam network. Beamswap will also come with an integrated bridge
where you can bridge your cryptocurrencies from other EVM chains to Moonbeam and vice versa.
The demo website is now live and you can test it out for yourself. We certainly did, and were impressed by how sleek and modern it looks, in addition to the many power-packed functions available.
Source: Beamswap Demo Website
Beamswap’s products and features were curated with both beginners and experienced users in mind and their goal is to provide users with a full suite of products that covers all of their needs directly from the Beamswap platform.
The main features of Beamswap are as follows:
- DEX & AMM: You can swap tokens using the Beamswap DEX as peer-to-peer trading on the Moonbeam network. It’s enabled through automated market-making (AMM) processes and benefits from supply liquidity. This makes swapping on Beamswap fast, affordable and easy, as it connects directly to the user wallet.
- Yield Farm: You can reap rewards from staking into the Beamswap Liquidity pools, generating a consistent yield from there.
- NFT Marketplace: The Beamswap NFT Marketplace will support NFT lovers with a platform for them to browse, bid on, and trade unique digital assets. New projects looking for a place to launch a debut collection will be able to present their work on the NFT Launchpad platform and kickstart their journey into the Moonbeam-based NFT space.
- Launchpad: The Beamswap Launchpad will support new and exciting projects launching on Moonbeam, helping them to reach funding goals and expand on market support to the Moonbeam community.
The Beamswap team has also set up and planned for many other exciting DeFi features, e.g. Liquidity locker, syrup pools, portfolio tracker, charts, advanced trading with limit orders, and more. These will be worked on throughout the year and we can expect even more useful features to be added, according to their roadmap. We also appreciate the fact that the team has stated that while they pursue all the important goals that they’ve set out, they want to remain flexible to respond to market changes in a more agile way. Therefore, the Beamswap platform will remain focused on a variety of market opportunities and on building the solutions that are needed to propel DeFi innovation and provide better service to everyday users.
In the meantime, the team is busy preparing for their IDO and TGE for the Beamswap native token $GLINT. You can stake $GLINT to receive a portion of the DEX fees or you can also participate in launchpad projects and increase your allocation with $GLINT. If you are interested in helping to decide the future of Beamswap, then holding $GLINT will allow you to participate in governance votes as well.
Once the Moonbeam network fully launches in the coming weeks, Beamswap is set to officially provide the listed services on this network. While we await for that day to arrive, be sure to follow Beamswap’s official channels below so that you will get the latest updates as and when they happen!