Beamex from Beamswap is one of the newest DEXs on the Moonbeam network, allowing trading of derivative instruments directly from your wallet. The resource is actively supported by the Moonbeam community. Also, the Beamswap team plans to invest grant funds in increasing market liquidity for Beamex and Beamswap v3 to expand the user base and increase their engagement in the Moonbeam network.
About Beamswap
Beamswap is a DeFi hub built on the Moonbeam network, including a decentralized exchange (DEX) and an automated market maker (AMM). It provides users with the freedom to add liquidity, execute peer-to-peer transactions, swap interchangeable tokens, and earn passive income from staking and yield farming. Beamswap will support the growth of the Moonbeam ecosystem and serve as a launchpad for new projects developed on the network.
Moonbeam is an EVM-compatible Polkadot parachain that combines the simplicity and adaptability of Ethereum smart contracts with the scalability of Polkadot. In the Moonbeam ecosystem, Beamswap is one of the pioneers offering DeFi services to the crypto community and making a significant contribution to the development of the Polkadot space. With cross-chain integrations, Moonbeam ensures interaction and supports the decentralized aspect of the Beamswap platform. On-chain governance allows for effective management and implementation of feature changes and updates through user collaboration. Low gas fees in the Moonbeam network make Beamswap services more accessible compared to other networks, while high scalability facilitates further expansion and meets the ever-changing user demands.
Unlike trading on CEX, using Beamswap, you don't need to go through KYC procedures or deposit funds into a third-party account. This helps you remain the owner of your assets and manage your crypto portfolio with greater control.
Features and Functions of Beamex
On Beamex, you can open futures contracts using leverage in a decentralized way, directly from your wallet. To do this, you need to connect to your digital wallet and switch the network to Moonbeam. Users can open various types of orders using the platform's features.
Table of Positions and Orders
| Category | Description |
|---|---|
| Long Positions |
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| Short Positions |
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| Asset Exchange |
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Additionally, users can utilize the Beamswap Liquidity Offering (BLO), through which Beamswap addresses the liquidity issue of assets transferred to the Moonbeam network, as well as for projects aiming to transfer their liquidity to Moonbeam.
Beamswap BLO emerges from the Initial Liquidity Offering (ILO) and allows easy transfer and accumulation of liquidity and capital from other networks to the Moonbeam network. Higher liquidity leads to better asset pricing on the market, increased traffic, optimized purchasing conditions, and improved prices for tokens transferred to the network for end-users.
As BLO transfers assets from other blockchain networks, you can allocate tokens to purchase $GLINT at a lower price. Once a BLO ends, a $GLINT pool will be launched on Beamswap, providing high annual percentage yield (APR) to its holders.
The stGLINT Token
stGLINT is a non-transferable governance token. It is the staking version of the GLINT token owned by Beamswap. With enhanced staking and earning opportunities, stGLINT replaces the previous token and serves as a new asset generating rewards in farming and pools of Beamswap v3. Staking stGLINT allows you to earn a share of the protocol's earnings. The updated token strategy offers improved opportunities and extends token utility in future platform versions. You can obtain it directly from GLINT or earn it from your staking positions in Beamswap v3 yield farming. As a staking asset, stGLINT has the same functions as regular token holders and elevates them to a new level. Moreover, it enhances the Beamswap v3 DEX by:
- Reducing selling pressure.
- Vesting on stGLINT-GLINT conversion.
- Permanent 1:1 GLINT-stGLINT ratio.
- Allocation or staking capability.
Future updates of the Beamswap v3 platform may introduce additional features of the stGLINT token. You can allocate or stake stGLINT in various functions and plugins of Beamswap v3 to generate passive income.
In addition, a new farming mechanism on the exchange releases 30% of GLINT rewards in the form of stGLINT. Resource also offers pools with triple rewards in GLINT, stGLINT, and GLMR (granting GLMR).
| Vesting Period | Redeemable Value | Calculation Formula | Example (100 stGLINT, 40 days) |
|---|---|---|---|
| 15 days | 50% | 50% | 50 GLINT |
| 90 days | 100% | 50% + ((days reached - 15) / 75) * 50% | 66.67 GLINT |
In addition to all the mentioned opportunities, Beamswap is developing additional features that allow users to multiply their assets. Through Moonbeam's cross-network integrations, the compatibility is facilitated and supports the decentralized aspect of the Beamswap platform. On-chain management optimizes the management and implementation of changes and updates to features through joint work with users.