Discover and read the best of Twitter Threads about #MoonWell
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Today, the news of the @BuildOnBase launch reverberates through the industry and marks a dramatic acceleration of the on-chain vision that @Coinbase has been quietly building over the last half decade.
Let's dive deep into #Base, and what it means for the Moonwell community. 🧵
Let's dive deep into #Base, and what it means for the Moonwell community. 🧵
In the aftermath of 2022, it became apparent that some of the most trusted players in crypto were "swimming naked". When liquidity left markets due to the Fed raising rates, we found out who when big names such as Celcius, BlockFi, Terra, 3AC, Genesis, and FTX became insolvent. 
Coinbase has been quietly building a different, more trustworthy exchange for the last decade. It has been painful for our industry to acknowledge that this values-based approach to securely storing cryptocurrency, and not loaning out customer deposits without permission, is key.
How to Stake $GLMR Tokens on #Moonbeam and Earn Staking Rewards?
To get started with the dashboard, navigate to apps.moonbeam.network/moonbeam.
#MoonWell
@MoonwellDeFi @MoonbeamNetwork
To get started with the dashboard, navigate to apps.moonbeam.network/moonbeam.
#MoonWell
@MoonwellDeFi @MoonbeamNetwork
You will also need to connect MetaMask to Moonbeam. GLMR tokens are not ERC-20s but native protocol tokens. Therefore, you must add Moonbeam as a custom network in MetaMask.
Upon accepting permissions and changing the network to Moonbeam, you will be redirected to the main dashboard where you’ll find details about your accounts balance, last transactions, crowdloan rewards data, and staking data.
In the months since its initial launch, @MoonbeamNetwork has proven to be the go-to destination for builders in the Polkadot ecosystem.
Let’s take a look at why so many multi-chain and native projects alike have selected Moonbeam as their destination of choice.🧵
Let’s take a look at why so many multi-chain and native projects alike have selected Moonbeam as their destination of choice.🧵
1. Full EVM Compatibility and Solidity Support
#Moonbeam is EVM compatible, but #Polkadot does not natively support the EVM (Ethereum virtual machine), which means that developers cannot directly use Solidity smart contracts in the Polkadot ecosystem.
#Moonwell
#Moonbeam is EVM compatible, but #Polkadot does not natively support the EVM (Ethereum virtual machine), which means that developers cannot directly use Solidity smart contracts in the Polkadot ecosystem.
#Moonwell
This is problematic for projects that are already live on Ethereum or another EVM-compatible network.For all of these reasons, the Moonbeam team worked with Parity to develop the Frontier pallet to provide EVM compatibility for the broader Polkadot ecosystem.
