Beam 2023 Week #10 - DEX 'n' Stables!
Beam 2023 Week #10 - DEX 'n' Stables!
Covering March 6th - March 12th 2023
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Beam News!
A huge week ahead for Beam with two very important DAO votes coming with epoch 18 that kicks off in the next couple of hours at the time of writing. As Beamers, we invite you all to participate in both votes and play your part in shaping the future of Beam. This means staking your $BEAMX if you haven’t already!
DEX
The first vote is for the Beam DEX, which is the decentralized exchange that allows for seamless and secure trading of Beam and Confidential Assets. The proposal asks to allocate an amount of 6,000,000 $BEAMX to be used over a period of two years for rewards to liquidity providers on the Beam DEX.
The farming activity will distribute 250K BEAMX each month for the next two years to support ongoing liquidity over a set of pools chosen by the DAO. The initially proposed pools will include a BEAM/BEAMX pool, a BEAM/NPH (Nephrite Stable Coin) pool, and a BEAMX/NPH pool when the Nephrite project launches to mainnet.
The aims of the proposal are to provide incentives for LPs, encourage BeamX distribution, activate participation and engagement in the DAO, and offer a yield stream for both BEAM and BEAMX holders.
The full Beam DEX proposal can be found here!
Nephrite
The other exciting vote in epoch 18 is that of the Nephrite stablecoin. The proposal is for an allocation of 6% of the $BEAMX Total supply (6,000,000) to Nephrite LPs. The aim is to provide stability to the Beam ecosystem by creating a decentralised stable asset for the community.
Nephrite is an innovative stablecoin built on top of the Beam blockchain. The proposal calls for the distribution of BEAMX tokens to Nephrite's Stability Pool depositors for 24 months. These tokens will only go towards LPs, bootstrapping liquidity and making Nephrite more stable. There is no team allocation or other form of reward, while some of the DAPPs profits will be directed to the BeamX DAO treasury.
The full Beam Nephrite proposal can be found here!
Close to 2 Million $BEAMX has been staked so far in preparation for the upcoming votes in Epoch 18. Exciting times for the Beam ecosystem!
Beam Messenger!
If you have kept up with the latest from Beam, you will know that in epoch 17 there was a vote on a name change to the messenger Dapp. We are happy to report that the vote for changing the name of the messenger Dapp to "Beam Messenger" was a great success. Thanks to all those who participated in the vote, the proposal has passed, and the Dapp name will be updated in the Dapp store. This vote served as a valuable test of the voting functionality, and we are thrilled to see the Beam community come together to make this decision.
We look forward to more successful votes in the future, starting with the DEX and Nephrite stablecoin!
Beam Space
The last Beam Space we jam packed!
Some of the key discussion points were:
EPOCH 18 vote to allocate $BEAMX assets to Nephrite and the DEX
Details on the voting process, rewards for staking, and the liquidity accumulation program
Challenges of creating a truly decentralised bridge
Benefits and drawbacks of account abstraction and its potential implementation in the Beam ecosystem
A bounty platform for the community
News on the upcoming releases for web and desktop wallets
You can still listen in to the space on twitter here, and all past Beam spaces are available on Youtube!
Join the next Beam Space:
Day: March 12th
Time: 19:00 GMT
Location: Beam Twitter Space
See you there!
Go Beamer Community!
Beam Assets!
A huge shoutout to the Beam Assets developer. They have put in a monstrous effort to bring a much needed an essential tool to the Beam ecosystem. Over the weekend they presented a community funding proposal on the forum, in order to assist with ongoing costs, and further the Beam Assets project. It has been humbling to see the community come together in support, and we hope that more consider donating to their on going efforts. This also brings emphasis to the need for the community bounty Dapp that was discussed in this weeks space. This will bolster such community projects and contributions to Beam and the ecosystem!
Bots Support!
Beam Africa!
