Participate in the latest liquidity program on Moonbeam
Remember the new round of liquidity incentive programs? The Moonbeam Ignite community event is here with more than 3 million GLMR rewards! Experience new projects and pick up a handful of GLMR wool.
The participating projects in this Moonbeam Ignite event are all projects approved by community voting in the second batch of Moonbeam Ecosystem Grant funding proposals . More new ecological projects will also join Moonbeam Ignite. Since the beginning of this year, Moonbeam Ecosystem Grant has issued more than 7 million GLMR to ecological projects, and we are proud that the destination of these GLMR is determined by community member voting, including the number of GLMR given to each participating Grant project - pursued by Web3 The power of community groups is happening in the Moonbeam ecosystem!
Let us find out what projects will be included in the new round of Moonbeam Ignite activities.
Moonbeam Ignite 2023
Moonbeam Ignite is a fun activity that helps users experience the Moonbeam ecosystem easily and happily. Powered by Moonbeam cross-chain connectivity, the possibilities of DeFi are exploding here.
The following is information about how each project uses its funds, as well as a simple participation guide. We will prepare a novice-friendly guide to allow you to experience these interesting projects faster.
Beamswap
A Moonbeam-based CLMM DEX that provides liquidity for peer-to-peer trading. Beamswap is the only active futures exchange on Polkadot. Beamswap is the only active futures exchange on Polkadot.
Grants Usage Disclosure
Beamswap’s goal is to strengthen Moonbeam’s DeFi ecosystem by focusing on user growth through its decentralized futures exchange and centralized liquidity AMM. They will use this grant to increase market liquidity on Beamex and Beamswap v3 to attract more active users and maintain participation in the Moonbeam network. Read the approved Grant proposal and the original forum thread .
The ways for users to obtain funds are as follows:
- 249,171 GLMR used to increase market liquidity on the decentralized derivatives market Beamex
- 373,756 GLMR are used for Beamswap v3 centralized liquidity AMM to achieve the inflow of Moonbeam network users and the transformation into long-term users
How to participate
Moonwell
Open lending and DeFi protocol based on Moonbeam and Moonriver. Moonwell is TVL’s largest DeFi protocol in the Dotsama ecosystem.
Grants Usage Announcement
Moonwell has allocated Grant funds to liquidity providers and is committed to promoting TVL and on-chain activities. This strategy coincides with Moonwell’s success in expanding liquidity in bridge assets and native assets, helping to reduce borrowing costs and wider adoption of Moonbeam technology. Read the approved Grant proposal and the original forum thread .
The ways for users to obtain funds are as follows:
- 1,576,853.40 GLMR is used to reward liquidity providers on the platform
How to participate
Gamma
A protocol focused on non-custodial, automated and actively managed liquidity.
Grants Usage Disclosure
Gamma is using Grants to maintain and improve Moonbeam’s activity in terms of active users, transactions and TVL. Grants for liquidity planning and development support healthy liquidity pools, making the trading experience smoother and allowing for more ideal liquidity conditions. Read the approved Grant proposal and the original forum thread .
The ways for users to obtain funds are as follows:
- 490,400 GLMR is used to support Gamma’s liquidity incentives for managing treasury through mainstream Moonbeam DEX (Uniswap, StellaSwap and Beamswap)
How to participate
Coming soon, please stay tuned
These grants solidify Moonbeam’s position in the DeFi space by increasing activity metrics, enhancing user engagement, expanding liquidity, and promoting a vibrant ecosystem.
Latest progress of Eco-Grant project
Past Grant recipients include projects operating in the Moonbeam Network’s DeFi space, including liquidity provision, DEX, and Lending. The first projects to receive 2023 Ecosystem Grants (including Beamswap, Prime Protocol, StellaSwap, and DAM Finance) launched their programs earlier this year.
The following is relevant information on how these Grants function in the Moonbeam ecosystem.
What is the progress of the first batch of ecological projects that received Grant?
In March 2023, ecosystem projects were selected and prioritized through the Moonbeam Community Snapshot voting held from March 20 to 25. Moonbeam community members contributed a cumulative 2,600 votes to jointly decide on the allocation of the first tranche of funds, which was finally solidified through an on-chain approval vote in early April.
The Beamswap
ecosystem Grant is put to use through Beamswap ’s latest product, Beamex, and brings more active users to the Moonbeam network by introducing new features. Beamswap strives to be a self-sufficient, user-driven DEX and reduce reliance on external funding by building an expanded and loyal community. The GLMR applied for by Beamswap is used to improve market liquidity and attract more users with an optimized user experience.
Beamswap Latest Updates
Since receiving the Moonbeam Ecosystem Grant, Beamswap has enhanced the DeFi experience on Moonbeam. Their total value locked on the platform (TVL) has exceeded 800,000, surpassing their previous small target. Beamswap has also launched new features, including cross-chain swaps via Squid, allowing users to easily deploy funds to Moonbeam across multiple networks with just one click. XCM transfers are also online via Moonbeam’s XCM SDK, allowing DOT holders to convert their Substrate DOT to xcDOT and simplifying the transfer of other Polkadot assets. Beamex, the first futures exchange on Moonbeam, is now operational, providing advanced, cost-effective trading services.
StellaSwap
StellaSwap is a hybrid DEX on Moonbeam, designed to maintain and increase activity within the ecosystem. Their main goal is to increase the number of active users, transaction volume and total value locked (TVL). Additionally, they aim to build use cases for interconnected contracts . Grants applied for are used to maintain and deepen the market depth of strategic assets for broad use across the ecosystem.
StellaSwap Latest Updates
Since receiving the Grant, StellaSwap has made significant progress in leveraging ecosystem rewards to enhance its platform on Moonbeam. Ecosystem rewards have had a positive impact on StellaSwap’s hybrid DEX model, significantly reducing transaction slippage and accumulating TVL .
DAM Finance
DAM is a liquidity infrastructure project and the main goal of its Grant is to establish DAM’s native stablecoin d2o as the stablecoin of choice on the blockchain platform Moonbeam.
DAM Latest Update
Since its launch, the transfer amount and transaction volume on Moonbeam have increased significantly with the launch of DAM. The amount transferred between Moonbeam and Ethereum has exceeded $700,000, and the average daily transaction volume is approximately $45,000. DAM’s d2o has launched on Orbiter, making it easier to accept as collateral in lending solutions, with more platforms planning to support d2o in the coming weeks. DIA has also enabled d2o’s price feed on Moonbeam, improving the reliability of price feeds.
Prime Protocol
Prime Protocol is a cross-chain lending protocol that enables users to perform cross-chain lending backed by their entire cross-chain asset portfolio, revolutionizing the way users leverage the value of their asset portfolios. The protocol uses interconnecting contracts to coordinate transactions between multiple blockchains without relying on bridges. This Grant is used to provide liquidity rewards on Moonbeam to encourage healthy usage of the protocol.
Prime’s latest update
shows that the Prime protocol has become the third most popular project on Moonbeam in terms of total value locked (TVL). The total TVL of its various assets is about to reach $3 million, including GLMR, xcUSDT, FRAX, WBTC.wh , USDC.wh and xcDOT. Grant attracts new users to Prime and strengthens the ecosystem. With incentives in place, Prime’s cross-chain functionality attracted users, increased the TVL of all chains on Prime, and drove significant growth in on-chain borrowing on Moonbeam.
What is an ecosystem grant?
Moonbeam Ecosystem Grants provide funding for applications, infrastructure, tools, education, and projects to guide activity and drive the growth of the Moonbeam Ecosystem. Applicants can access a variety of resources, such as developer guides, expansion opportunities in the ecosystem, and even introductions to investors active in the Moonbeam ecosystem.
Interested in applying for a project grant? Click here to learn more about the Moonbeam Ecosystem Grant.