everPay, the real-time payment protocol on Arweave, and Moonbeam, the Polkadot smart contract platform, have announced the collaboration which will help the Arweave ecosystem connect to another public chain for the first time.
This collaboration will open up the Arweave and Moonbeam ecosystems through the cross-chain provided by everPay. At that time, assets on Moonbeam can flow into the Arweave ecosystem. Arweave assets such as AR and PSTs ( Profit Sharing Token ) can obtain liquidity with the help of DeFi applications on Moonbeam. This will open development limitations within the Arweave ecosystem. It is worth mentioning that this will be the first time that AR and PST tokens can be utilized in DeFi outside of the Arweave ecosystem.
Below you’ll find the statements of three key actors behind this integration.
Founder and CEO of everFinance Outprog:
The Arweave ecosystem is still in an early stage of development, not only is the scale of each project not enormous, but the assets on it are also very illiquid. The quest of everPay is to adress those facts. everPay’s integration with Moonbeam will open up Arweave eco-token liquidity. AR and PST can now be applied to more and cheaper blockchain financial products. Also, more Moonbeam users can enter the Arweave WEB3 world and experience more blockchain storage-based applications. Cross-chain bridge, as a basic service of everPay, will create more possibilities.
Derek Yoo, Founder of Moonbeam:
As the world moves to an increasingly multichain environment, chains are becoming increasingly specialized. Specialization is very powerful — the Arweave ecosystem and the core data storage capability it was built on is a great example of this.
But that means that any given chain won’t be good at everything. Cross-chain connectivity provided by solutions such as everPay is the critical capability needed so chains can exchange specialized assets and services with each other. Combining the Arweave ecosystem’s storage specialization with Moonbeam’s connectivity and DeFi capabilities make for a mutually beneficial situation where the whole is greater than the sum of its parts.
Sam Williams, the founder of Arweave:
Opening up liquidity for PSTs ( Profit Sharing Tokens) on the Arweave ecosystem is an important step on the road to mass adoption of the permaweb. We are very pleased to see this community-led development!
Now, you can visit https://everpay.io/ to deposit Moonbeam assets onto the everPay network in order to experience high-performance payment capabilities. In addition, expect to see AR trade pairs on select DEXs deployed on Moonbeam at the end of April or the beginning of May. For more information click here.
everPay is a trusted cross-chain financial protocol built and based on the Arweave Blockchain using a Storage-based Consensus Paradigm (SCP) proposed by Outprog, the founder and CEO of everFinance. This new paradigm enables transaction costs on everPay to be super low, with thousands of transactions costing as little as 0.05 USD. In addition, everPay has no TPS limit. Learn more: https://everpay.io/
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network, making it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Like Moonriver, its sister parachain on Kusama, Moonbeam has accumulated 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 connected to Polkadot. Learn more: https://moonbeam.network/