StellaSwap Partners with Axelar Network for Next-Generation Cross-Chain Infrastructure

4 min readJul 29, 2022

We’re super excited to formally announce our partnership with Axelar network to bring cross-chain applications to Moonbeam Network! This is a vital milestone for StellaSwap in paving the way for the next generation of dApps via cross-chain connected contracts, aligning with the wider vision of Moonbeam Network.

Axelar delivers secure cross-chain communication for Web3. With its decentralized network, API and developer tools, dApp developers build one-click experiences that connect any asset or application, on any chain..

Cross-Chain Interoperability is the Future

Interoperability has always been a key limitation for blockchain technology, resulting in liquidity and value fragmentation across siloed blockchain networks. For the end user, this has caused a less-than-ideal user experience. Until now.

Axelar has been at the forefront of pioneering work on cross-chain communication with its general message passing (GMP) capability. In simple words, GMP allows for applications to call any function on any chain, composing functionality acrossseparate blockchain networks. Through Axelar’s new GMP function launched in May 2022, any-to-any communication is enabled across all connected chains, allowing users to interact with composable DeFi functions, move tokens and NFTs, and perform multichain calls of any kind between dApps on various ecosystems.

This means complete composability across Web3!

Cross-chain is Coming to Moonbeam

Our long-standing partnership has allowed us to tap into the cross-chain infrastructure that Axelar has built, allowing users on Moonbeam to finally interact with other blockchain networks in a seamless way.

“We are thrilled to partner with Stellaswap and Moonbeam to power the next generation of secure, seamless cross-chain communication. Together we will remove silos, connect communities, and build 1-click experiences to onboard the next billion users to Web3,” said Axelar co-founder and CEO, Sergey Gorbunov. “This marks the beginning of a paradigm shift for crypto and for interoperability.” — Georgios Vlachos

Imagine using your $STELLA or $GLMR on Moonbeam Network to purchase $ETH, which will be credited to your Ethereum wallet on Ethereum network! No bridging, no waiting times, no unnecessary steps. 1-click swaps to different chains. That is the future.

The partnership with Axelar entails 3 core components;

#1 Cross-Chain Infrastructure

StellaSwap will leverage Axelar’s cross-chain infrastructure to enable interoperability and composability for applications across 16 other blockchains networks. Axelar is able to integrate new EVM and IBC networks in under 10 minutes, and has plans to support all major networks by the end of 2022. Axelar’s General Message Passing allows multi-step smart contract calls across any chains in its network. This opens up a whole new world of opportunities for developers to build native cross-chain applications. To maximize the utility of Axelar’s cross-chain infrastructure, StellaSwap will enable cross-chain swaps through Squid, another Axelar partner providing liquidity routing cross-chain over Axelar’s communication infrastructure. More information will be announced in the coming weeks!

#2 axlUSDC Metapool Launch on StellaSwap

In order to activate Axelar’s cross-chain functionality on Moonbeam, there needs to be an axlUSDC pool set up on StellaSwap. axlUSDC refers to Axelar’s wrapped USD stablecoin. The axlUSDC metapool will be housed within our stable AMM. A metapool refers to the liquidity pool of an asset — in this case axlUSDC — that is pegged to the basepool, which houses the biggest stablecoins like USDC, USDT, DAI and FRAX. The axlUSDC liquidity will allow for effective liquidity routing for cross-chain swaps. An important piece of technology that StellaSwap is working on to make this all happen is our very own hybrid router, which will allow for unified liquidity routing across both our standard and stable AMM.

The metapool will be incentivized by multiple stakeholders, so stay tuned for more updates!

#3 Axelar Bridge Integration

In a bid to further optimize our cross-chain functionality, it is important for StellaSwap to integrate with Axelar’s bridge across many blockchain networks. Leveraging Axelar’s bridge across networks such as Polygon, Avalanche, Aurora and a plethora of others will deepen liquidity for axlAssets. This will then boost liquidity routing for our cross-chain swaps. With new bridge integration, current StellaSwap farms will transition into axlAsset farms.

About Axelar

Axelar delivers secure cross-chain communication. At its core is a permissionless overlay network that delivers Turing-complete message passing and composability of programs. A simple API enables developers to build cross-chain dApps that connect users to any application, any asset, on any chain via 1-click experiences. Axelar is for Web3 what Stripe is for mobile and internet applications. Axelar has raised capital from top-tier investors, including Dragonfly Capital, Polychain Capital, Coinbase, and Binance.

docs.axelar.dev | axelar.network | GitHub | Discord | Twitter

About StellaSwap

StellaSwap is 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. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.