Beam 2022 Week #38 - Ain't Nothing but a Beam Swap Party
Beam 2022 Week #38 - Ain't Nothing but a Beam Swap Party
Covering September 12th -September 18th 2022
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Beam News!
A big week for Beam with the Asset Swap launched to Dapp Net. To celebrate, the weekly Beam Space turned to an Asset Swap party, with a look at what is in the works for Beam, a run down on the Asset Swap functionality, and some prizes to those quick on the trigger. A lot to cover this week so let’s dive in!
Beam Asset Swap Party
This weeks space was not just any space but the home to the Asset Swap Party! It was an absolute bast, with a lot covered on the state of Beam Asset Swap that has recently launched on Dapp Net with the 7.2 release. This feature will soon be coming to mainnet, so if you didn’t get a chance, checkout the space, and download the latest Dapp Net wallet to have a play.
For those that joined, there were a number of swap offers put up for trading your Dapp Net BEAMs to that of STARs. These STARs will be exchangeable for mainnet Beam.
If you happened to be so lucky to get your hand on some of them STARs simply:
Send your STARs to:
9DfkirZYqjTSuHBGYKxb3ifi88cym71Z9DucrPEymp46vtN4sF9jqMaRc8ypT1wkjrpwPkJwmmFAJy8czyuqWVQiHoA527KmJdpKJVcaW5VmBc1jpDHkX7ATz7o6f3t2iNCBBYQpZJfb1rFfhJHokioDpHJYoGDYdhEBE2f5QtLQkedvRXqrTEwxWZkTwvkoeLmrtkQ1WcioVgjsXFphnUpaqD2HUPaLuwtNWe2doFKnhKNqyfaUfKa9njtjCZRuQAEKTfUd3PmRENXx9PvadzZqv74Mb1CWYDz2KjxDqo2HVj8nUUE8Bfr6rdBFQD6tQfuHuwMefqXR4Ut9dy2NYFx5m9ECfREzg6LwouQ1ivyz5GPo5MqT6JhGggzTsEcGsXyR8m4Dn12fY8mWJSwW4T7qT2xhKoSmnHtDvwQArs3uUqmkVEXpUVJdMXG3UsmTXEqQTPbtfnpgpQQArnSend a direct message to Alex Romanov (@bigromanov) on Telegram and let him know you have made the transfer (you will be asked for proof)
Provide an Offline Address or BANS Address to Romanov, to which you want to receive your Beams
HODL 💎 🙌
For those that missed the swaps during the space, fear not. Until 18:00 Tuesday GMT there will be some STARs swaps up for grabs, so be sure to get testing, provide any useful feedback as to your experience with the Swaps, and keep an eye out for some STARs offers!
Nephrite
We were met with an interesting revelation on the bird app, from a team that has been working on one of the most asked for Dapps to join the Beam ecosystem…
As per their Twitter profile, Nephrite is a censorship-resistant, non-custodial, governance-less, overcollateralized by $BEAM confidential stablecoin on the Beam blockchain.
The Nephrite Dapp allows Beamers to mint $NPH by locking Beam as collateral by opening what is known as a trove. These collateralised debt positions can be closed and the $BEAM returned, by paying back the $NPH debt that was issued.
The $NPH stablecoin has a targeted value of 1 USD. Users are able to deposit their $NPH into the stability pool, which is used to liquidate positions that have fallen under the required collateral threshold (110%).
As we can see on the Dapp, those in the stability pool receive $BEAM (from liquidated positions) in exchange for their NPH. Interestingly, there are also $BEAMX rewards shown on the Stability Pool page within the Dapp, hinting to the Nephrite teams ambitions to potentially use BeamX as the token for protocol revenue share.
Exciting times indeed!
The Nephrite team has also put up a post on the Beam Forum, asking the community for feedback, to report any bugs, and to ask any questions we may have.
Be sure to give them a follow, show them some support, and check out the Dapp with the latest Dapp Net wallets.
Beam Space
As was discussed earlier, the last Beam Space we had the Asset Swap party, taking a look at what is coming in the 7.2 release, what is on the horizon for the Beam DEX space, and some alpha on other Beam activities.
Was such bit of alpha came in the form of work towards the EVM compatible sidechains. Romanov posed a quest to those in the call, and Cryptopatient came out the victor, finding the branch for the ongoing EVM developments.
For those looking to dive in to the code and follow the ongoing developments, you can follow along here on GitHub: https://github.com/BeamMW/beam/tree/vladik5
Set your reminders for this weeks BeamSpace, and let us know in the comments what you want to discuss!
Day: September 25th
Time: 18:00 UTC
Location: Beam Twitter Space
See you there!
A reminder that all Beam spaces are now being uploaded to Youtube for your listening pleasures! ❤️
Beam Miners!
In the recent weeks we have talked a lot about the Ethereum merge, and what the switch to POS means for GPU miners, and where said miners will call home post merge. It is great to see that the hashrate for Beam has seen a steadfast increase to network hashrate, as many a miner has joined in securing the network.
The increase in attention has also been felt with an increase in outside developers looking to build on and around Beam. As the Dapp offerings increase, expect the number of Beamers to blossom, and we encourage you all to welcome them to the community with open arms!
Go Beamer Community!
CROWNS!
BBVC - Beam Bots Drop Incoming (!?)
Best of the Memers!
That is all for this week, but be sure to sign up, and stay tuned for all things Beam.