Dam Finance introduces the Moonwalkers V1 test network

In his endeavor to introduce a decentralized omnic stable solution to safely cope with the liquidity challenges with which the broader ecosystem of decentralized finances (Defi) is faced with, Dam Finance started the Moonwalker V1 test network.

The Moonwalkers V1 testnet laid the foundation for the solutions from DAM and it is expected that DAM introduces his solutions in the Mainnet after the testnet phase. This gives users a wide range of assets, including generating earnings.

use the Moonwalker V1 test network

The Moonwalker V1 test network was provided both on the Goerli test network from Ethereum and Moonbeams Moonsbase Alpha, an EVM-compatible chain that is based on Polkadot.

Members of the DAM community can shape Dams decentralized omnicher stable d20 directly with existing stable coins such as USDC on Ethereum. You can then teleport the D20 from the Goerli Testnet to Moonbase Alpha. Users can then use the D20 stable in the Polkadot ecosystem or teleport the stablecoin back to Ethereum to redeem the collateral at the beginning by burning D20.

The users will then test D20 and their teleportation -primitive Dreservoir, which facilitates the safe and smooth transmission of D20 via networks in order to release liquidity for popular digital assets. Throughout the process, the testnet participants can give feedback on the user interface and user experience and make suggestions to the DAM financial team how to improve the product before introducing the public version.

Harrison Comfort, the co -founder of Dam, commented on the start of the test network as follows:

"We want to work for innovations by making it easier to lead stable co-liquidity safely from Ethereum to newer networks without the constant weak points that Bridges bring with it. D20 will help to speed up the flywheel of the introduction of emerging networks, and this is our first step to become reality reality leave. "

What is DAM financing?

DAM FINANCE is a decentralized protocol that enables users to teleport its scalable omnica stable d20 into aspiring networks. It also has a risk management wrapper with configurable reducing variables.

DAM is supported by several tokens and its stablecoin, the D20, is useful within the polkadot ecosystem.