MoonBeam and Equilibrium strike a major partnership tailored towards the integration of multichain assets.
The partnership opens the doors to a large number of benefits while playing a huge role in expanding the possibilities for connected contracts.
In a recent announcement, the MoonBean network has revealed that it will be partnering with the Equilibrium network. The partnership will allow for both parties to integrate Multichain Assets. MoonBeam is regarded as the top destination for multi-chain applications on the Polkadot network. Moonbeam wrote in its announcement blog post;
A community-approved bi-directional HRMP channel between Moonbeam and Equilibrium made it possible for GLMR, EQ token and EQD stablecoin to move between the chains and now supports bridged liquidity from outside the Polkadot ecosystem demonstrating the potential of the Moonbeam connected contract strategy.
Very recently, an XCM connection between Moonbeam and Equilibrium was successfully established. This w
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