Moonbeam Ignite, the liquidity incentive plan, 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. DeFi may not be popular, but there are always opportunities to find out and learn about the Monbeam ecological project. We invite Moonbeam ambassadors to share their research results. Of course, please DYOR before interacting with any item.
What is Beamswap
Beamswap Founded in 2021, it is a Moonbeam-based Concentrated Liquidity Market Maker (CLMM) decentralized exchange that provides liquidity for peer-to-peer trading. sex. Beamswap is a futures exchange with an active Polkadot ecosystem. Beamswap v3 is equipped with advanced liquidity management capabilities, providing each user with greater capital efficiency as well as safe and low-fee trading and profit opportunities. In terms of TVL, it basically ranks in the top 3 of Moonbeam.
GLINT Token
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 application. If you redeem it into $GLINT, there will be a span of 15-90 days, and the proportion will range from 50%-100% according to the number of days.
GLINT currently has three types of uses:
- Participate in the Launchpad project organized by BeamSwap and increase quota allocation through GLINT
- Hold GLINT to participate in project governance
- Stake GLINT to obtain part of DEX fee income
The roadmap for 2023 has been basically completed: upgrading to v3, establishing a decentralized sustainable exchange Beamex, performing cross-chain swap from Squid, etc. For more information, please check:Roadmap - Beamswap
Main services
Beamswap's goal is to provide unsparing support to users in their pursuit of DeFi, and to design functions with both 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 function of Beamswap DEX, allowing users to trade crypto assets in a trustless, fast, low-fee, peer-to-peer manner on the Moonbeam network. With the support of Squid and Axelar, cross-chain Swap is now possible.
- Provide liquidity
As a liquidity provider, users can earn 0.17% trading fees from Token trading pairs that provide liquidity. If you inject asset pairs into the Yield Farm's pool, you can earn even more rewards (in $GLINT).
- LP farming
LP farming is one of the core functions of Beamswap DeFi Hub, and the liquidity farm is a place where users’ BEAM-LP (Beamswap Liquidity Pair Token) is staked to earn GLINT. This yield farm incentivizes users to provide liquidity to Beamswap, helping to offset the risk of impermanent losses.
- Cross-chain bridge
Cross-chain bridges can bring assets on other EVM chains to Moonbeam-based Beamswap and vice versa. Since its launch, Beamswap Bridge has connected with Ethereum, BNB Chain, etc., and will develop into a multi-chain bridge connecting more chains.
- Beamex Perpetual Exchange
Polkadot is the first sustainable exchange to be launched online, which can provide trading services with up to 50 times leverage.
There are also some small services such as analytical data panels, trading competitions, liquidity staking in cooperation with Bifrost, etc.
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 around the world. These cryptocurrency veterans have deep experience in Web3 development, DeFi, TradFi, and strategic marketing.
Grant application details
249,171 GLMR from the Grant obtained by Beamswap will be used to increase the market liquidity of the decentralized perpetual exchange Beamex, and 373,756 GLMR will be used for Beamswap v3, allowing more active users to flood into the Moonbeam network and retain it for a long time.
Beamswap V3 schedule distribution is as follows:
Beamex schedule distribution is as follows:
View the approved Beamswap proposal:https://github.com/moonbeam-foundation/grants/blob/31134caf72e8bc426b2c76383a1d20d2f6234f3b/revised/beamswap-proposal2.md