AllianceBlock Strengthens Moonbeam Integration for Enhanced Interoperability
The DeFi Terminal adds support for the Moonbeam network, allowing startups and developers on the platform to launch liquidity mining and staking campaigns
AllianceBlock is pleased to announce that we are strengthening our integration with Moonbeam, the interoperable EVM-compatible Layer 1 platform on Polkadot. AllianceBlock users can already use the Bridge to transfer assets between our ecosystem, the Moonbeam network, and other supported blockchains.
Now, the DeFi Terminal supports startups and token issuers with the setup of liquidity mining and staking initiatives for Moonbeam-based assets, providing more flexibility for clients.
In the background, the development team is also working on integrating support for Moonbeam into the AllianceBlock DEX and later through Fundrs, our unique participatory funding platform. This will allow founders to set up pools for Moonbeam-based assets, benefiting from reduced risk of impermanent loss and features such as single-sided liquidity provision, launching later in the year. Through Fundrs, this will enable anyone who wants to build on Moonbeam to raise capital and source expertise from a decentralized global community of participants.
Accelerating Growth
These integrations are an important enabler and accelerator of growth in the AllianceBlock and the Moonbeam ecosystems. In the crypto sector, founders are often surprised to discover the sheer volume of work involved with launching and managing a token. AllianceBlock’s end-to-end integrated suite of tools provides startup founders with a one-stop shop for multichain capital raising, staking, and liquidity mining initiatives.
The Bridge enables anyone to move assets between the AllianceBlock, Moonbeam and other supported ecosystems allowing funds to flow freely between blockchains. And now with Moonbeam’s integration into the DeFi Terminal, startups on the network can quickly launch liquidity mining and staking campaigns for liquidity management or use our SDK to integrate directly into their dApps.
AllianceBlock’s tools substantially reduce the time and effort — especially for young startups — involved in token management, freeing up time and resources for more business-centric activities like research and development, marketing and community building. The fact that a developer can come to Moonbeam with the assurance that they can focus on their core area of expertise rather than token-related matters without compromising liquidity makes it a more attractive place to build with a reduced time to market.
Strategic Synergies
Moonbeam is one of the most supported parachain’s in the Polkadot ecosystem so far, attracting a high amount of DOT from one of the largest number of contributors in its crowdloan. It was among the first to secure a parachain slot when the Polkadot parachain auctions opened last December. Moonbeam’s appeal derives from its strong utility in the interoperable Polkadot ecosystem. It allows any developer on Ethereum or other EVM-compatible blockchains to port their smart contract code into Moonbeam with minimal fuss and tap into the rich ecosystem of Polkadot-based parachains and applications.
Thanks to its multichain utility, Moonbeam is attracting a strong ecosystem of applications. In DeFi, established multi-chain operators like Curve and Lido have already launched, alongside up-and-coming new projects like Stellaswap and Moonwell Artemis. There are also NFT marketplaces like Moonbeans, games like Blockchain Monster Swap, and developer tools like Subsquid. Many projects on Moonbeam could benefit from leveraging AllianceBlock’s suite of tools, presenting opportunities for mutual growth.
Like Moonbeam, AllianceBlock supports projects seeking to launch on multiple networks. Multi-chain applications like Aave, Opensea, and Axie Infinity have been some of the most successful in their segments over the last year or two, as the opportunities for operating on multiple chains have expanded considerably. There are pleasing synergies between AllianceBlock’s vision of an open, seamless, and interoperable DeFi ecosystem and Moonbeam’s core utility as an EVM-compatible platform serving as a gateway to the Polkadot ecosystem.
We’re thrilled to be expanding AllianceBlock’s footprint to Moonbeam’s thriving community of developers and users and look forward to the opportunities it will undoubtedly bring.
Are you interested in learning more about how the DeFi Terminal and our suite of solutions can accelerate your roadmap? Book a meeting with our team here. You can also find more information on our website here.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized and traditional finance by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
They are building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.
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