StellaSwap, the largest and leading DEX on moonbeam Network has been exposing its users to mind-blowing features on its network, forming strategic partnerships with top projects and platforms making interoperability and cross-chain messaging possible.
StellaSwap partnership with Axelar Network is a strategic partnership that will facilitate the adoption of cross-chain applications on Moonbeam Network. It will increase the capability of existing cross-chain connected contracts and cross-chain infrastructure making all users connect with other Blockchains with ease.
Axelar Network will provide solutions to the flaws affecting most blockchains via cross-chain communication by making it easier for every smart contract developer to build Dapps that have interoperable features with other chains. This will enable individuals to use Dapps that can interact with several Apps from other chains thereby providing the best UX to individual users. With the help of Axelar general message passing (GMP), interoperability is possible and easy between several Blockchains. Users can also benefit by interacting with different Defi gateways, transfer tokens, and NFTs to perform multi-chain transactions between different Blockchains at once with one click.
Three core components derived from the strategic partnership
1- Cross-chain infrastructure
This will enable interoperability on StellaSwap across 16 different Blockchains. StellaSwap can also benefit from Axelar’s GMP, EVM, and IBC Network integration for Devs to build cross-chain Dapps. StellaSwap will provide cross-chain swaps to Axelar, thereby increasing user-base adoption of its cross-chain infrastructure.
2-ax|USD Metapool launch on StellaSwap
Axelar’s wrapped USD Stablecoin ax|USD liquidity pool will add on Stella Swap for efficient and smooth swapping between different blockchains.
3-Axelar Bridge integration.
StellaSwap will leverage this feature to empower liquidity for ax|Assets and improve liquidity for swaps across different layers of Blockchains.
About StellaSwap
StellaSwap is among the earliest and leading AMM Decentralized Exchange on Moonbeam Network. It’s a one-stop solution for solving Defi liquidity flaws on DEX and serving as a Defi gateway to all users. Also allows users to swap, farm, earn yield, and bridge every asset from one Network with a single click, thereby aligning with the vision of Polkadot.
StellaSwap empowered tokens holders by adopting Decentralized governance.
About Axelar Network
Axelar Network is a cross-chain communication network that allows Dapp users to interact seamlessly with apps from other chains with a Single click. Its API allows developers to build cross-chain Dapps with interoperable features with other apps from different chains.
Applications can run a function on any connected chain, bringing the best UX to users with a one-click experience for all chains. Axelar brings whole innovative features that recognize both users’ and developers’ needs.