Financial NewsRelayChain deploys the Moonriver bridge and partners with the...

RelayChain deploys the Moonriver bridge and partners with the Solarbeam DEX

Florida, 28 Sep 2021, ZEXPRWIREThe Moonriver bridge is now live on RelayChain ! As of September 27th, users can now send assets to and from Moonriver. RelayChain has partnered with the premier Moonriver DEX, Solarbeam. Users will be able to trade and farm select Relay bridged assets on Solarbeam’s platform.

Moonriver is the Moonbeam foundation’s EVM compatible, layer 1 blockchain as a parachain on the Kusama network. So far, Moonriver has been the primary network for bringing Ethereum and EVM chains into the Kusama ecosystem. It has already amassed over $200 million in TVL in just a short period of time.

Solarbeam is the early TVL leader for decentralized exchanges on Moonriver. At their peak, they had reached a TVL of over $125 Million. Daily trading volumes range between $10 and $30 million per day. Impressive numbers for such an early project. Their token, SOLAR, is the most liquid native asset next to MOVR itself. Aside from a clean swapping UI and generous farming rewards, Solarbeam’s roadmap includes a launchpad and an NFT marketplace. Their goal is to provide a comprehensive and convenient one-stop platform for the cryptocurrency community.

RelayChain enables fast and secure cross-chain token transfers between the world’s leading blockchains. The platform offers Bridging as a Service (BaaS) to partner dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Moonriver, Ethereum, Polygon, Binance Smart Chain, Avalanche and Huobi ECO Chain. Multiple other networks including KSM/DOT, FTM and Cosmos, will be added in the near future. A unique feature of RelayChain is that liquidity providers will be rewarded in the native gas tokens of the chain where they provide the liquidity.

What can RelayChain and Solarbeam accomplish together on Moonriver? Currently, most of the non-native assets on Moonriver are imported from Ethereum and to an extent, BSC. Relay will begin its journey to Moonriver by bridging in assets from Avalanche and Polygon, two of the most popular DeFi networks. This represents an opportunity to substantially increase Moonriver TVL by giving users a simple, fast, and (most importantly) secure avenue to bridge their assets from the other chains. RelayChain plans to add support for connecting even more chains to Moonriver in the very near future. The initial assets to be bridged will be AVAX, MATIC, and RELAY.

Initial incentivized liquidity pools on Solarbeam will include:

  • MOVR/AVAX = Rewards in SOLAR
  • MOVR/MATIC = Rewards in SOLAR
  • MOVR/RELAY = Rewards in SOLAR

All parties involved, Moonriver, Solarbeam and RelayChain, are incredibly excited to commence this partnership. Be sure to bridge and enter the liquidity pools early to earn the best APY. Stay tuned to the RelayChain social channels as we will be announcing an exciting and lucrative contest to celebrate our deployment on Moonriver!

About RelayChain

The race to bridge DeFi is over with RelayChain. Almost instantly add cross-chain swaps to any DEX or dApp. Earn bridge fees in ETH, MATIC, DOT, BSC, AVAX, HECO and more. Become a partner with the most interconnected name in DeFi and secure your bridge benefits early.

Our readable whitepaper: Bridging as a Service for DeFi by RelayChain Downloadable whitepaper: Bridging as a Service for DeFi in PDF

Media Contact

Company: RelayChain

E-mail: [email protected]

Twitter: https://twitter.com/relay_chain

Reddit: https://www.reddit.com/r/RelayChain/

Youtube: https://www.youtube.com/channel/UC8q_XLKQtI-x5PUa4Rg3RrQ

Telegram: https://t.me/relaychaincommunity

Discord: https://discord.gg/XtZTNVTX5T

Website: https://www.relaychain.com

SOURCE: https://medium.com/@Relay_Chain/relaychain-deploys-the-moonriver-bridge-and-partners-with-the-solarbeam-dex-e4d84e4aa5f5

The post RelayChain deploys the Moonriver bridge and partners with the Solarbeam DEX appeared first on Zex PR Wire.

Latest news

The renewal of xWIN Tokenomics: A Deep Dive into the Next-Gen Financial Asset at xWIN.Finance

1. What is xWIN.Finance? Shah Alam, Malaysia, 30th November 2023, ZEX PR WIRE, xWIN.Finance is a blockchain-powered platform catering to...

BitDelta Elevates Trading Experience with the Listing of cLFi on its Spot Exchange

Bucharest, Romania, Nov 30, 2023, ZEX PR WIRE, BitDelta, the global multi-asset exchange geared to transform the financial landscape...

Jalinga wins Communication Technology of the Year at the 2023 AV Awards 

Celebrating Technological Advancements in Education DUBAI, UAE, November 30, 2023, In an era marked by rapid technological advancement, the significance...

Saitama Announces SaitaChain, Its Cutting-edge Layer 0 Blockchain

Saitama, at the forefront of advancements in the Web 3.0 landscape, unveils its latest technological milestone — SaitaChain, a...

Orca Uprising Announces Official Presale Launch on December the 20th

Dubai UAE, 29th November 2023, ZEX PR WIRE, The Orca Uprising team is proud to announce the official launch of...

Unizen and Meson API: A Two-Way Partnership Revolutionizing DeFi Access

Announcing the Unizen and Meson Partnership in DeFi DUBAI, UAE, Nov 23, 2023, ZEX PR WIRE, Unizen is excited to...

Must read

Unlocking the Power of Belief: Ramsena Coin Introduces the First Hindu Cryptocurrency and Virtual Revolution.

Ramesena Coin, the world's biggest virtual connection of Hindutva,...

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

You might also like
Recommended to you