Polkasot $DOT Comes to StellaSwap & Moonbeam

Polkadot $DOT comes to StellaSwap, which is the leading DEX on Moonbeam network.

DOT Farm Launch Details

The DOT that will be launched on Moonbeam is called xcDOT.

The details of DOT farm launch on StellaSwap is as follows:

• Farms that will Launch: xcDOT-GLMR
• Farms Open for Deposit: 4 May, 16:00 PM UTC
• Farm Rewards go Live: 5 May, 16:00 PM UTC
• Reward Tokens: STELLA & GLMR
• Bridge: None! Feel the power of bridgeless transfers on Polkadot
• Monthly Rewards: North of $150,000

DOT is Finally Coming to Polkadot. Why the Delay?

Before the launch of XCM, the utility for native DOT usage is limited to crowdloan contributions for aspiring parachains auctions. In order for parachains to go live on Polkadot, they need to garner support from the community by going through an auction for leasing a spot on the network.

Why XCM is a Huge Leap for Blockchain Interoperability

In order to understand the potential of XCM, understand that a major limitation of blockchain networks is interoperability; this means that it is hard for a blockchain to interact with another blockchain as they are made differently.

#1: Greater Decentralization

Having numerous application-specific blockchains that communicates with each another through a decentralized main hub leads to greater efficacy, as specialized blockchain networks can instead focus on their business logic rather than the underlying security infrastructure.

#2: Creating More Powerful Products that Streamlines Complex User Experience

Composability; that’s a powerful concept in DeFi that allows the creation of products and services by simply combining various interoperable components to create greater value, just like lego blocks.