Beamswap & DAM Finance Alliance
Beamswap & DAM Finance Alliance was announced recently. The Beamswap DEX serves as the platform to bring the DAM Finance and GLMR Apes partnership to fruition and the new asset pool to life
Beamswap is proud and excited to announce its strategic partnership with DAM Finance and GLMR Apes DAO. The Beamswap DEX was chosen by both partners’ communities to sustain the staking of the $GLMB — $d2o pair and deliver yields to token holders.
DAM Finance is a decentralized liquidity solution for seamless value transfer across blockchains. DAM’s decentralized infrastructure enables a scalable flow of assets between places. It makes the liquidity surplus flows easily and fast from liquidity-rich into liquidity-deprived platforms. It does so through its first dapp, d2o.
Together with dReservoir and dGuardian, DAM Finance delivers a secure transfer of value between blockchains, starting with Ethereum and Polkadot, and protects against potentially catastrophic events during burn and mint events.
What is $d2o?
DAM Finance’s native stablecoin, $d2o, is an omnichain token pegged to USD $1 in value. It aids emerging networks to scale native liquidity so they can reduce reliance on traditional bridging solutions.
$d2o acts as a liquidity pipe as it delivers liquidity from highly liquid places to where it’s needed more. It can be minted on Ethereum and is backed by existing stablecoins, such as USDC, at a 1:1 rate. It supports the scalable moving of value between networks and is teleportable from Ethereum to Moonbeam. Besides, it’s secured in real-time to prevent potential exploits and unbacked minting.
What is GLMR Apes DAO?
In January 2022, GLMR Apes kicked off as the first-ever sold-out NFT collection on the Moonbeam Network. Soon after, the community of pixel art GLMR Apes established a DAO, the first on the Moonbeam Network, to nurture on-chain governance through a so-called apemocracy.
GLMR Apes holders can stake to earn GLMR Bananas ($GLMB), vote with their NFTs, or play to earn in “The Great Escape,” a game that set a new milestone on Moonbeam as the first Web3 game on the network.
What is $GLMB?
$GLMB or GLMR Bananas is the native token of the GLMR Apes DAO and its ecosystem. It can only be produced through staking GLMR Apes NFTs and earned from the GLMR Jungle collection in the P2E game “The Great Escape”. This incentivizes holders to keep holding, participating in the ecosystem growth, and boosting the NFT’s value long-term.
Beamswap DEX launches $d2o — $GLMB yield farm
In late January, GLMR Apes DAO and DAM Finance joined forces to set up a $GLMB — $d2o pool with LP rewards in $GLMB. The partnership was established to benefit both sides. DAM Finance would profit from a higher utility for the $d2o stablecoin on the Moonbeam Network. On the other hand, GLMR Apes will harness more liquidity for the $GLMB token in the native stablecoin.
About Beamswap
Beamswap is a DeFi hub built on the Moonbeam Network. It features a decentralized exchange (DEX) and an automated market maker (AMM). It gives users the freedom of adding liquidity, performing peer-to-peer transactions, swapping fungible tokens, and earning passive income from staking and yield farming.
