Florida, 28 Sep 2021, ZEXPRWIRE, The Moonriver bridge is now live on RelayChain ! As of September 27th, users can now send assets to and from Moonriver. RelayChain has partnered with the premier Moonriver DEX, Solarbeam. Users will be able to trade and farm select Relay bridged assets on Solarbeam’s platform.
Moonriver is the Moonbeam foundation’s EVM compatible, layer 1 blockchain as a parachain on the Kusama network. So far, Moonriver has been the primary network for bringing Ethereum and EVM chains into the Kusama ecosystem. It has already amassed over $200 million in TVL in just a short period of time.
Solarbeam is the early TVL leader for decentralized exchanges on Moonriver. At their peak, they had reached a TVL of over $125 Million. Daily trading volumes range between $10 and $30 million per day. Impressive numbers for such an early project. Their token, SOLAR, is the most liquid native asset next to MOVR itself. Aside from a clean swapping UI and generous farming rewards, Solarbeam’s roadmap includes a launchpad and an NFT marketplace. Their goal is to provide a comprehensive and convenient one-stop platform for the cryptocurrency community.
RelayChain enables fast and secure cross-chain token transfers between the world’s leading blockchains. The platform offers Bridging as a Service (BaaS) to partner dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Moonriver, Ethereum, Polygon, Binance Smart Chain, Avalanche and Huobi ECO Chain. Multiple other networks including KSM/DOT, FTM and Cosmos, will be added in the near future. A unique feature of RelayChain is that liquidity providers will be rewarded in the native gas tokens of the chain where they provide the liquidity.
What can RelayChain and Solarbeam accomplish together on Moonriver? Currently, most of the non-native assets on Moonriver are imported from Ethereum and to an extent, BSC. Relay will begin its journey to Moonriver by bridging in assets from Avalanche and Polygon, two of the most popular DeFi networks. This represents an opportunity to substantially increase Moonriver TVL by giving users a simple, fast, and (most importantly) secure avenue to bridge their assets from the other chains. RelayChain plans to add support for connecting even more chains to Moonriver in the very near future. The initial assets to be bridged will be AVAX, MATIC, and RELAY.
Initial incentivized liquidity pools on Solarbeam will include:
- MOVR/AVAX = Rewards in SOLAR
- MOVR/MATIC = Rewards in SOLAR
- MOVR/RELAY = Rewards in SOLAR
All parties involved, Moonriver, Solarbeam and RelayChain, are incredibly excited to commence this partnership. Be sure to bridge and enter the liquidity pools early to earn the best APY. Stay tuned to the RelayChain social channels as we will be announcing an exciting and lucrative contest to celebrate our deployment on Moonriver!
The race to bridge DeFi is over with RelayChain. Almost instantly add cross-chain swaps to any DEX or dApp. Earn bridge fees in ETH, MATIC, DOT, BSC, AVAX, HECO and more. Become a partner with the most interconnected name in DeFi and secure your bridge benefits early.
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