Beam 2023 Week #9 - Beamers Assemble!
Covering February 27th - March 5th 2023
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Beam News!
Welcome to the latest Beam weekly newsletter! This week, we will cover the latest updates and developments in the Beam ecosystem, including the upcoming vote for Beam DEX farming allocation, the addition of Nephrite into the Epoch 18 vote, and the Beam Bridge. Let’s dive in!
Beam DEX
With the DEX launch around the corner, the Beam team has presented a plan for the DEX farming allocation.
The discussion has already kicked off on the forum, so head on over and share your thoughts and feedback on this important issue!
Once initial discussions have taken place, the Beam DEX farming allocation will be put to a vote by the DAO on whether or not to go ahead. As you know, the Beam DEX will provided an essential DeFi building block to the Beam ecosystem, so be sure to make your voice count, and vote on the direction of the Beam ecosystem. Epoch 18 will not only include Beam DEX farming allocation, but that of Nephrite.
Nephrite
Nephrite presented their proposal on the Beam Forum to be added to the voting in Epoch 18. It is also encouraged to head to the forum and ask any questions, and provide any feedback to the Nephrite team.
Nephrite Proposal:
6% of BeamX supply
BeamX will go to the Stability Pool liquidity providers
BeamX will bootstrap and incentivise liquidity for 24 months
Some protocol fees will be directed towards the Beam DAO treasury
No BeamX allocation to the Nephrite team
The full breakdown, and links to the Nephrite source code can be found on their forum post. The proposal will be added in the coming days to the Epoch 18 voting schedule, so remember to stake your BeamX prior to kick off in order to make your votes count!
Get your vote on!
Last week we kicked off the voting with a bit of a fun one, to get Beamers prepared for the more serious Beam DEX and Nephrite votes coming up.
The vote was on the renaming of the Messenger App to Beam Messenger, to avoid a conflicting acronym with Beam Asset Minter. The vote is currently ongoing in epoch 17, so if you have your BeamX staked, and haven’t yet voted, do so now!
Epoch 17 will come to a conclusion in 7 days, and make way for Epoch 18 and the DEX and Nephrite votes.
A reminder to have your BeamX staked prior to the start of Epoch 18 to be able to vote on these two important proposals.
Beam Bridge
An exciting announcement came in the form of the Beam Bridge this week!
The two-way bridge between Beam and Ethereum offers users the ability to transfer ERC20 tokens from Ethereum to Beam, and later Confidential Assets from Beam to Ethereum. This opens up cross-chain DeFi opportunities in both cases, by providing an opportunity for privacy to the Ethereum ecosystem, and increased reach and liquidity to that of Beam assets. You can find more information on the Beam Bridge here.
Beam Space
The last Beam Space we covered the Beam addresses and how they come into play with the messenger Dapp! We also discussed a few options on how the Beam DEX launch will take place, and how best to bootstrap liquidity for the Beam / BeamX pool, and the two upcoming votes on BeamX allocation to the Nephrite stablecoin and Beam DEX.
Join the next Beam Space:
Day: March 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!
Bots!
Building!
Governance!
Shaping Beam!
