StellaSwap Partners with Unicorn, Axelar for Scalable Crosschain Communication
StellaSwap, the leading DEX on Moonbeam, is excited to partner with Axelar Network, a recent unicorn focused on providing scaled cross-chain interoperability across all blockchain networks. With Axelar’s universal cross-chain communication gateway, users would be able to bridge to transfer assets over from various networks such as Terra, Ethereum and other chains more seamlessly.
Founded by the founding team behind Algorand, Axelar is developing a network and various tools intended to connect users, assets and decentralized applications (dApps) across numerous blockchains to unlock crosschain composability and liquidity.
“StellaSwap’s integration with Axelar network is predicated on the shared vision of value transfer across multiple blockchain networks in a secure and seamless way. With a renowned and world-class team, Axelar brings a wealth of experience and expertise that manifests in the great traction of their interchain communication network and also, their recent successful fundraise.”
StellaSwap Team
Terra Coming to Moonbeam ; UST & LUNA Farms Launching on StellaSwap
To mark the strategic partnership with Axelar, StellaSwap would be leveraging Axelar network’s cross-border routing and transfer protocol to for Terra assets on Moonbeam.
Here’s the details of the upcoming farms:
Terra Farms to be Launched on StellaSwap: UST-GLMR & LUNA-GLMR
Expected Rewards for Farms: 1,373 STELLA/day (each)
Date of Farms Launching: 26 February 2022, 16:00PM UTC
Bridge for Terra Assets: Axelar Bridge
Users can start bridging their UST and LUNA from Terra in preparation for the farms launch on 26th of February.
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.
Website | Twitter | Medium | Telegram | Github | Gitbook | Reddit
Gasless Transactions Coming to StellaSwap, First on Moonbeam
Biconomy’s non-custodial and trustless infrastructure relies on the concept of meta transactions, where a user is able to make transactions on the blockchain with a zero balance account. Biconomy’s focus in abstracting towards a user-friendly experience by removing many of these friction points is directly aligned with that of StellaSwap’s vision.
“There needs to be more novel abstractions of complexity in the traditional DeFi user journey. StellaSwap has been at the forefront of this mission, and working with Biconomy in realising this vision through deconstructing the user lifecycle would streamline the entire DeFi process. The ultimate goal of StellaSwap, in conjunction with the bright minds of those in Biconomy, is to make DeFi as easy as possible.” — StellaSwap Core Team
“The guys at StellaSwap are doing a great job building a seamless DeFi ecosystem. It offers all the powerful functionalities, but with incredible usability. Really pleased to help them in this regard with our Gasless solutions.” — Ahmed Al-Balaghi, Cofounder & CEO at Biconomy.
What Can Users Expect?
StellaSwap has been working round the clock to integrate Biconomy’s solution. There will be a follow-up announcement this week to unveil the vector of gasless transactions that will be launched on StellaSwap’s platform. Stay tuned!
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.
Website | Twitter | Medium | Telegram | Github | Gitbook | Reddit
