Beam 2023 Week #5 - A Bridge to Privacy!
Covering January 30th - February 5th 2023
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Beam News!
A big week for Beam with the launch of the DEX and Beam Bridge on Dappnet, expected to drop in the coming days! We have some juicy screenshots on both the Beam Bridge and DEX, and will be inviting those wishing to be early testers for the new products to ping Alex Romanov (@bigromanov) in the Beam Telegram channel.
Let us dive in and check it all out!
Beam DEX
The Beam DEX is coming! And with it, the option to both trade and provide liquidity to the markets. The Beam DEX will be an Automated Market Maker style DEX to accompany the already available in-wallet Asset Swaps.
The DEX will allow anyone to spin up a liquidity pool by providing two assets, setting the price/ratio for the assets, and setting a fee tier for the pool. It is following the same general principles to that of the popular Uniswap protocol on Ethereum.
The DEX allows other users to buy and sell from the pool itself, rather than other users as is the norm with a central limit order book, which is commonplace on centralised exchanges.
The Beam DEX will provide a huge boost to the Beam ecosystem, allowing users to easily provide liquidity and trade Beam and Confidential Assets with privacy, including those bridged over from other networks!
Beam Bridge
Another key component to the Beam ecosystem is on the way with the Beam Bridge.
The Bridge will provide a two way crossing from Beam to Ethereum, and Ethereum to Beam. This allows Ethereum users to bridge over and benefit from the privacy Beam offers. A huge addition to the Beam lineup!
With the Beam bridge launch, it will open up privacy to more people, and offer a chance to grow the Beam community and ecosystem.
Both the DEX and Bridge Dapps are in the last phases of internal testing, before being launched to Dappnet for the community testing to begin. Once ready they will both be live on Mainnet. Two very exciting additions to Beam and we are looking forward to testing them together and getting valuable feedback from Beamers like you!
Beam Space
The last Beam Space we covered the Beam foundation, the current state of Beam financials, the BeamX DAO and the plan moving forward. It was a great space providing insights on the outlook for Beam and the further shift towards decentralising the Beam ecosystem and governance!
Join the next Beam Space:
Day: February 9th
Time: 19:00 GMT
Location: Beam Twitter Space
See you there!
All Beam spaces are available on Youtube for your listening pleasures! ❤️
Go Beamer Community!
Hardware!
Vlad!
Africa!
