Moonwell is Coming To Moonbeam

Moonwell is an open lending, borrowing, and decentralized finance protocol built on Moonbeam and Moonriver. Moonwell’s composable design can accommodate a full range of DeFi applications in the greater Polkadot and Kusama (DotSama) ecosystem.

Moonwell solves all these issues.

— Security & Trust
— User Experience
— Education & Information
— Community Engagement, and many more.

Why Polkadot & Kusama?

Polkadot is a Layer 0 blockchain that allows other blockchains (parachains) to seamlessly communicate and send assets amongst each other. Polkadot’s interoperability, security, and low transaction fees make it the ideal infrastructure for the multi-chain world of Web 3.0.
Kusama is Polkadot’s canary network.

Kusama’s lower barrier of entry relative to Polkadot has resulted in rapid innovation and growth with no signs of slowing down.

Why Moonbeam?

Moonbeam is the first fully Ethereum Virtual Machine (EVM) compatible parachain on Polkadot.

Moonbeam combines the best of both worlds:

— Polkadot’s scalability & interoperability.
— Ethereum’s Ease-of-Use and community.
— Users, developers, and infrastructure providers already familiar with Ethereum can easily use, deploy, and build on Moonbeam while benefiting from the scalability and interoperability of Polkadot.

About Moonbeam

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

➡️Source:
https://moonwell.medium.com/moonwell-is-coming-to-moonbeam-ecaf388f27fe