Moonbeam cooperation with projects
In this article you will see some of the latest integrations of Moonbeam with other projects and the essence of these collaborations
C.R.E.A.M. Finance Expands to Polkadot via Moonbeam
C.R.E.A.M. Finance will be extending their lending and borrowing suite to the Moonbeam ecosystem, starting with Moonriver, the network’s sister parachain on Kusama. This integration joins the growing ecosystem of DeFi projects building on Moonbeam, offering a full suite of lending and borrowing services to the Polkadot community.
C.R.E.A.M. Finance is one of the most successful decentralized lending and borrowing protocols, with more than $1 billion USD in total value locked (TVL) on its platform. As the first lending and borrowing platform on Moonriver, C.R.E.A.M. Finance will help jumpstart the growth of the DeFi ecosystem on Moonriver by providing users with a diverse set of options for making their assets productive. C.R.E.A.M. Finance joins SushiSwap on Moonbeam as a powerful new source of liquidity and yield on Polkadot.
The integration with Moonbeam and Moonriver means the Polkadot and Kusama communities will be able to more efficiently utilize their assets; deposit them as collateral to borrow or lend them to the platform. Users who lend can earn interest revenue, similar to a traditional savings account and those same users can further borrow against their deposits to advance their own goals in a way that is more tax efficient.
Magic Integrates with Moonbeam
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced an integration with Magic, a plug and play auth and key management solution. This integration opens the doors for Moonbeam and Polkadot devs to build dApps securely, utilizing extensible passwordless authentication built to scale. These options are important when looking to onboard new and mainstream users to Web3 applications running in the Moonbeam ecosystem.
Magic is a developer SDK that can be integrated into applications to enable passwordless authentication using magic links. Magic solves some of the biggest hurdles related to user onboarding, including wallet creation and the storage of private keys. By streamlining the signup process, it is much easier for Web3 developers to attract Web2 users to their applications. Magic was originally developed on Ethereum, so it works seamlessly with Moonbeam because of Moonbeam’s full Ethereum compatibility, including the Ethereum compatible accounts and keys.
Moonbeam and Lido To Bring Liquid Staking to Polkadot
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced plans to integrate and collaborate with Lido, the largest liquid staking derivatives protocol, which is currently deployed to Ethereum and Terra. The collaboration will be driven by MixBytes, who has been selected by the Lido DAO to lead the technical integration for the Polkadot ecosystem. This integration introduces liquid staking to Moonriver and Moonbeam and will provide DOT holders the ability to stake their assets while at the same time accessing the liquidity of that staked position. The deployment of Lido provides a critical building block for the growing DeFi ecosystem on Moonbeam, providing a way for token holders to make productive use of their Polkadot ecosystem assets.
Lido also provides a critical capability for Moonbeam’s growing DeFi ecosystem. A major motivation for project teams deploying to Moonbeam is to be able to natively serve DOT as an asset. By providing DOT holders access to a parachain-based liquid staking derivative, DOT holders no longer have to choose between staking yield on the Relay Chain and DeFi yield opportunities on Moonbeam. Liquid staking derivatives are anticipated to greatly increase the volume of assets flowing into Moonbeam and create additional TVL and transaction growth opportunities for DeFi protocols deployed to Moonbeam.
Figment Integrates with Moonbeam and Moonriver
Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, announced an integration with Figment, an established validator on Proof of Stake networks and provider of widely-used DevOps tools and infrastructure. This integration brings the Hubble dashboard to Moonbeam and Moonriver, creating a more intuitive staking experience for users by giving a new way to easily view staking opportunities, review performance data, and nominate collators. Moonbeam will be Hubble’s first parachain integration in the Polkadot and Kusama ecosystems.
Hubble gives end-users visibility into staking opportunities across a range of the most widely adopted Proof of Stake networks, offering key information like validator uptime, commission, and stake history. Hubble’s integration with Moonbeam will give users valuable visibility into collator statistics and staking performance data when choosing where to stake. They also provide an intuitive UI that makes for an easier, more user-friendly staking process of MOVR and GLMR tokens. This integration aligns with Moonbeam’s commitment to create and maintain a healthy ecosystem of decentralized and permissionless collators.
