Equilibrium’s Polkadot-native stablecoin will integrate with Moonbeam
The two Polkadot parachains will communicate to create a unified DeFi environment. Cross-chain decentralized finance lending protocol Equilibrium is set to bring its U.S.-dollar-pegged stablecoin to Moonbeam, a Polkadot project building an Ethereum-like blockchain.DeFi projects building on Moonbeam will be able to use Equilibrium’s stablecoin as if it were native to the blockchain. This includes decentralized exchanges, single-purpose lending protocols and other DeFi building blocks.Moonbeam can be described as the “Ethereum on Polkadot” project. It uses the same smart contract environment....
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Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. Decentralized finance project Cream Finance will bring its lending and borrowing services to Moonbeam, a smart contract platform on Polkadot. In a Thursday announcement, the Moonbeam network said Cream Finance would be integrating with its ecosystem starting with its parachain on Kusama, Moonriver, and then on Polkadot. Kusama and Polkadot users will be able to use Cream’s services to deposit digital assets as collateral or lend them out. “Lending and borrowing....
As Polkadot inches closer towards its first parachain auction, Moonbeam, one of the fastest-growing parachains on the Polkadot network, is already on a winning spree. Launched in 2020, Moonbeam first deployed its canary network Moonriver on Kusama, Polkadot’s canary network, in June 2021, with Moonbeam set to deploy on Polkadot later this year. Since its […]
Moonbeam, the Ethereum (ETH) blockchain-compatible smart contract platform developed on Polkadot, announced that it will integrate and work closely with Lido, which claims to be the largest liquid staking derivatives protocol currently live on Ethereum and Terra. The collaboration between Moonbeam and Lido will be driven by MixBytes, which was selected by the Lido DAO […]
MoonBeam wants Ethereum developers to feel comfortable on Polkadot. The MoonBeam project is planning on setting up a custom parachain that emulates the Ethereum Virtual Machine environment, effectively recreating Ethereum (ETH) on Polkadot (DOT).Developers on Polkadot and some other interoperability projects usually need to set up an entire blockchain to host their decentralized apps. While Polkadot’s Substrate framework is intended to make this process simpler, not all DApps need that level of control over their environment.MoonBeam seeks to become a kind of Ethereum emulator for....
Moonbeam is a blockchain project built back in January 2020 as a way to tackle cross-chain interoperability challenges, it is an Ethereum compatible smart contract parachain on Polkadot. For those who are not familiar with Polkadot, it is a multi-blockchain platform where projects can have their own blockchain designed to meet their specific needs rather […]