Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Malam90 on March 10, 2021, 02:27:07 AM
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Moonbeam will bring Balancer to Polkadot with help from Parity.
Moonbeam, an Ethereum-compatible smart contract parachain, announced it would connect the Balancer protocol with the Polkadot ecosystem.
Moonbeam Bridges Balancer, Polkadot
The integration with Balancer will add value to the growing DeFi ecosystem to Polkadot.
“[Balancer] provides useful DeFi services for investors looking to create investment portfolios consisting of Polkadot-native assets and who are looking for yield on those portfolios,” Moonbeam wrote in a blog.
Balancer protocol powers one of the top DEXes on Ethereum and has more than $1.5 billion total value locked (TVL) across its multi-asset pools for traders to swap ERC-20 tokens.
For its compatibility with Ethereum Virtual Machine (EVM), Moonbeam has become the gateway for Ethereum-based projects to be deployed on Polkadot.
Besides Balancer, the project is also working with other DeFi protocols such as SushiSwap, IDEX, and Linear Finance.
The team has provided grants for developers interested in maintaining and providing liquidity to the Balancer protocol on Moonbeam.
As a development grant, Balancer Labs will provide $10,000 worth of Balancer (BAL) tokens, and Moonbeam will offer 10,000 native Glimmer (GLMR) tokens (equal to 0.10% of genesis supply)
The announcement also revealed that Parity, the central #DevelopmentTeam behind Polkadot, would lead Balancer’s initial porting with Moonbeam’s support. Source Link (https://cryptobriefing.com/balancer-is-coming-polkadot-ecosystem-moonbeam/)
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This is excellent news for polkadot eco.we are know that Banlancer is a established project in crypto. So that, this kind of project surely help to polkadot. Thanks @Malam90 for sharing this news.
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I am sure that this Moonbean will continue to be used by Polkadot so that it can be a means of crossing the Balancer to be able to switch to various Blockchains.
If you see and read this main thread then Moonbean helps Balancer very much to be able to provide a bridge to Polkadot and I hope that Moonbeam can be used for Chainlink, Waves, BNB and erc20 to interact with each other.
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It looks like this Balancer is very smart in looking for opportunities to be on the Polkadot blockchain path, because the Polkadot coin is a coin that is included in the top 10 Coinmarketcap list.
Balancer is looking for something very good and of course Balancer will also be the best for the future development if working with Polkadot.
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Its a massive news for Balancer, every project wants to add polkadot ecosystem. Nowadays, polkadot blockchain is a one of the most effective blockchain project & Balancer add to polkadot, its a Smart move by them.
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It means that in this thread Moonbeam is the best choice because I believe this Moonbeam has a very perfect level of development in cryptocurrency, according to my analysis it is like that for Moonbeam.
Polkadot and Balancer are invited to work together by Moonbeam and it is certain that Balancer and Moonbeam benefit because Polkadot is a coin that is above their rank.
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Balancer has also now begun to understand the system of how Polkadot works and Balancer is also included in the Polkadot blockchain which allows Balancer to continue to be able to compete with various altcoins in the future.
I'm sure this Balancer has thought a long time ago to be able to work with Polakdot and as a result Polakdot now has many partners in the crytpocrurency market. Good Job DOT !
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The dominance of this Polakdot coin is so powerful that it is able to cooperate with a Balancer and even this Balancer has now been surpassed by Polkadot.
Polkadot in provides coolness that makes all its holders comfortable so that Polkadot also provides perfect profits for investors who trade on DEX as well as Balancers.
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Moonbeam x Sushi
As of today, November 5th, we are also happy to share that liquidity mining is now live on Moonriver.
Something you might not know is that Sushi and Moonbeam have planned a more extensive relationship that will be symbiotic for both parties. Sushi and Moonbeam have both independently pursued positive sum games and collaborative ethics from the very start, making their alliance a natural fit. Sushi hopes to deploy its full product line-up on Kusama and Polkadot using Moonriver and Moonbeam as the parachain of choice, while Moonriver and Moonbeam hope to unite Substrate-based liquidity networks with EVM-based liquidity networks.
https://medium.com/sushiswap-org/moonbeam-x-sushi-everything-you-need-to-know-8a7a6a55cbb6