This couldn’t come at a better time, with many being precarious about the state of the market. This boost represents a concerted efforts from key stakeholders within the Moonbeam ecosystem to drive TVL and volume, bringing more visibility towards Moonbeam and the greater Polkadot landscape.
StellaSwap is proud to be the epicenter of trade within the Moonbeam network.
The following Nomad+Polkadot farms will be boosted, with effect from now;
xcDOT-GLMR: 2.8x Increase in Rewards
USDC.mad-GLMR: 2.4x Increase in Rewards
ETH.mad-GLMR: 2.2x Increase in Rewards
Stake Now: https://app.stellaswap.com/farm
Transition Towards Nomad Farms
We have been working closely with the Moonbeam and Nomad team to fwe have decided to foster ecosystem standardization for convenience and more importantly, to strengthen the bridging process via Nomad’s trust-minimized infrastructure.
In order to establish a secure standard for the ecosystem and facilitate convenience to users, the current boost will help to foster the usage and adoption of madAssets, namely Ethereum (ETH) and USDC.
Additionally, the emissions for the following Multichain farms have been slashed by 50% as of 24 May, in accordance to the timeline that was previously announced.
About Nomad Protocol
Nomad is a new design for radically cheaper cross-chain communication without header verification. We expect operating Nomad to cut 90% of gas costs compared to a traditional header relay. To accomplish this, we took inspiration from optimistic systems (a la Optimistic Roll-ups). Nomad features many of the features we prize in an optimistic mechanism, like public verification, low gas fees, broad participation, but has a slightly different security model.
StellaSwap the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform.