June 01, 2022 - 3 min read
SupraOracles is thrilled to announce its partnership with Beamswap, a decentralized exchange built on the Moonbeam network. It is a decentralized exchange that provides liquidity and peer-to-peer transactions through an automated market maker. Users of Beamswap will be able to swap fungible and non-fungible crypto assets, generate passive income through staking and yield farming and even establish their own crypto initiatives on Moonbeam.
The purpose of the Beamswap platform is to give users a suite of tools that address all of their needs. One of Beamswap’s essential products, Token Swap, allows for trustless, peer-to-peer trade on Moonbeam. In addition, the bridge function of Beamswap allows coins from other EVM chains to be exchanged to Moonbeam and vice versa.
SupraOracles will supply pricing feeds for lending and borrowing capabilities to Beamswap as part of this agreement. In addition, Beamswap can securely and effectively expand its network into the interconnected DeFi world because of SupraOracles’ ability to handle cross-chain integration. RPC nodes will be provided as well.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“We’re ecstatic to be working with a decentralized exchange based on the Moonbeam network that provides liquidity and peer-to-peer transactions via an automated market maker. SupraOracles will guarantee that correct lending and borrowing pricing feeds are provided.”
SupraOracles is helping bridge the gap between traditional capital markets and the web3. Our mission is to extend a novel oracle toolset to developers so that they can create, launch, and manage data applications seamlessly.
All our projects are backed by experts with years of experience in investment banking, real-time data services, big data, DeFi, and many other fields. Our partners can, therefore, rest assured that SupraOracles is fully capable of solving the existing oracle dilemma, guaranteeing the future of finance in the end.
Beamswap is a DeFi hub and the first Decentralized exchange (DEX) with an automated market maker (AMM), enabling liquidity and peer-to-peer transactions, built on the Moonbeam network. Token swap, liquidity provision, yield farms, bridge, launchpad, and faucet are some of its primary features.
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