Solarflare announced integration with Moonbeam Network

Solarflare announced this Wednesday, January 19, through its Twitter account, its integration with Moonbeam Network, to allow users to make use of Solarflare’s AMM functions.

Image about Solarbeam’s Twitter post

“Solarflare has completed an integration with Moonbeam, a fully Ethereum compatible parachain on Polkadot. The Solarflare team chose to work with Moonbeam because we strongly believe in the Polkadot ecosystem vision and are confident that Moonbeam will become their most prominent parachain. Through this integration, users will be able to make use of our AMM features, allowing for a seamless trading experience. In addition, our developers will be able to use their Solidity experience for the simplified implementation of smart contracts”, he said through an article published on the Medium platform.

The company explained that Moonbeam’s compatibility with Ethereum allows Solarflare to provide users with easy access to a new blockchain network while interacting in a familiar environment. Projects building on Moonbeam can use the same smart contract languages, Ethereum-style accounts, developer tools, base-level integrations, and other services they rely on today, but within a new extended environment on Polkadot. These projects can then natively interact not only with Polkadot but also with other parachains that are also connected to the network.

Also read: Themis announced partnership with Terra

In his view, the Solarflare platform implements a decentralized exchange for users to trade their tokens through peer-to-peer transactions, yield farming opportunities, and a vested token feature that will offer multiple benefits such as one-time staking rewards, a part of the fees generated by the DEX. and government power. This allows Solarflare to offer a comprehensive DeFi hub to the Moonbeam network. With this integration, Solarflare and Moonbeam will take another step towards becoming the focus for new and old users in the Polkadot ecosystem.

Similarly, he indicated that Solarflare is already implemented on the Moonbeam network. Users can start their DeFi journey by visiting app.solarflare.io. You can find a more detailed explanation on how to get started here: docs.solarflare.io

About Moonbeam

It is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This compatibility with Ethereum allows developers to implement existing Solidity smart contracts and DApp interfaces on Moonbeam with minimal changes. Like Moonriver, its sister parachain in Kusama, Moonbeam is expected to amass developer and user activity from the 80+ projects building DApps and protocols on the network. As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot Relay Chain and integrations with other chains that are connected to Polkadot.

About Solarflare

Solarflare is a decentralized exchange that provides liquidity and enables peer-to-peer transactions on the Moonbeam Network. The goal is to provide a single, comprehensive and convenient platform for the cryptocurrency community.

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