Moonriver is officially joining the Autofarm ecosystem as its sixth blockchain!
Moonriver is an Ethereum-compatible parachain on Kusama, which houses a scalable network of blockchains that provide an experimental development environment for the Polkadot ecosystem. Led by the community, Moonriver enables developers to build, experiment, and implement multi-chain Solidity dApp innovations on Kusama easily.
Alongside Autofarm’s integration with Moonriver, we are thrilled to be introducing 14 new vaults from Solarbeam — the leading decentralised exchange (DEX) on Moonriver! Solarbeam boasts a suite of DeFi services ranging Automated market-makers (AMMs), yield farms, an Initial DEX Offering (IDO) platform and cross-chain bridge.
With a farm TVL of over USD $89M, Solarbeam is poised to be the biggest DEX on Moonriver, and users will now be able to earn even more on their Solarbeam yields directly on Autofarm!
To get started on Moonriver and Solarbeam, check out the guides which the team has put together over here.
Vault Fee Structure
- Controller Fee: 0.4%
- Platform Fee: 0.5%
- Vault Fee (Revenue shared with BSC single $AUTO vault): 2.5%
- Deposit Fee: <0.1% on initial capital (One-off)
- Withdrawal Fee: 0.0%
Additional details on vault fee structure can be found over here.
As DeFi continue to be the forefront of revolutionising traditional finance, we see massive influx of both users and capital into not just a single network but multiple different networks. This aligns well with Autofarm’s initial vision of striving to be a true multi-chain ecosystem that connects multiple different blockchains, making capital more efficient and fluid for every DeFi user out there.
Even as we celebrate the expansion of Autofarm vaults onto the sixth blockchain and AutoSwap DEX aggregator onto three concurrent chains, the Autofarm team is stoked and working hard in the background to expand the reach of our ecosystem. Users can look forward to more aggressive chain expansion for Q4 of 2021.
In the words of mildgiraffe himself, “If it is cross-chain(able), we should do it.” 👀
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Autofarm Integrates with Moonriver and Introduces New Solarbeam Vaults! was originally published in autofarm.network on Medium, where people are continuing the conversation by highlighting and responding to this story.