Moonbeam Ecosystem Project Analysis – Beamswap, a decentralized exchange

Moonbeam Ignite, a liquidity incentive program, is a fun and enjoyable experience for users to experience the Moonbeam ecosystem. Fueled by Moonbeam's cross-chain connection, the possibilities of DeFi have exploded here. DeFi may not be popular, but there's always a chance to pick up the gaps and learn about the Monbeam ecosystem, and we asked Moonbeam ambassadors to share their research. Of course, please DYOR before interacting with any project.

What is Beamswap

Founded in 2021, Beamswap is a Moonbeam-based Concentrated Liquidity Market Maker (CLMM) decentralized exchange that provides liquidity for peer-to-peer trading. Beamswap is an active futures exchange in the Polkadot ecosystem. Beamswap v3 is equipped with advanced liquidity management features to provide each user with greater capital efficiency as well as secure and low-fee trading and profit opportunities. In terms of TVL, it is basically in the top 3 of Moonbeaml.

GLINT Tokan

The native token of the Beamswap protocol is $GLINT, and $GLINT rewards can be obtained from group LP mining. Staking is also possible after converting $GLINT to stGLINT on the v3 app. If you redeem $GLINT, there will be a span of 15-90 days, and the ratio will vary from 50% to 100% according to the number of days.

GLINT currently serves in three categories:

Participate in the Launchpad project organized by BeamSwap and increase the quota allocation through GLINT

Hold GLINT to participate in project governance

Stake GLINT to get a portion of DEX fee income

The roadmap for 2023 has been basically completed: upgrading to v3, establishing a decentralized perpetual exchange Beamex, cross-chain swap from Squid, and so on. For more information, please visit: Roadmap - Beamswap

Main services

Beamswap's goal is to provide unrelenting support to users in their pursuit of DeFi, and to design its features with beginners and experienced users in mind, and finally provide users with a complete set of services and tools on a unified platform. The main services provided by Beamswap are as follows:

Swap

Swap is the main feature of the Beamswap DEX, allowing users to trade crypto assets on the Moonbeam network in a trustless, fast, low-fee, peer-to-peer manner. With the support of Squid and Axelar, cross-chain swaps are now possible.

Provide liquidity

As a liquidity provider, users can earn a 0.17% trading fee from token trading pairs that provide liquidity. If you inject asset pairs into the pool of a yield farm, you will receive more rewards (in $GLINT).

LP farming

LP farming is one of the core features of Beamswap DeFi Hub, and the liquidity farm is where users stake their BEAM-LP (Beamswap Liquidity Pair Token) to earn GLINT. This yield farm incentivizes users to provide liquidity to Beamswap to help offset the risk of impermanent loss.

Cross-chain bridges

Cross-chain bridges are able to bring assets from other EVM chains to Beamswap based on Moonbeam and vice versa. Since its launch, Beamswap Bridge has been connected to Ethereum, BNB Chain, and more, and will evolve into a multi-chain bridge that connects more chains.

Beamex Perpetual Exchange

The first perpetual exchange in the Polkadot ecosystem to be put into operation, which can provide trading services with up to 50 times leverage.

There are also small services such as analytical dashboards, trading contests, liquid staking in partnership with Bifrost, and more.

Team background

Tim, the founder of the Beamswap team, has extensive experience in trading, arbitrage, and market maker management. The team currently has more than 15 members from all over the world, and these crypto veterans have deep experience in Web3 development, DeFi, TradFi, and strategic marketing.

Grant application details

The 249,171 GLMR of the Grant will be used to increase the market liquidity of the decentralized perpetual exchange Beamex, and the 373,756 GLMR will be used for Beamswap v3, allowing more active users to flood the Moonbeam network and stay on site for the long term.

The schedule of Beamswap V3 is as follows:

The Beamex schedule is as follows:

Check out the approved Beamswap proposals:

Source: Golden Finance