- Problem Statement: The Relay Chain team aims to address the liquidity fragmentation problem between Moonbeam and Moonriver, targeting the DeFi investors and existing bridge users.
- Significance: The fragmentation problem hinders efficient routing of stablecoins and other major tokens into Moonbeam, which is crucial for the success of a growing DeFi Ecosystem.
- Proposed Solution: Relay Chain proposes to incentivize liquidity providers to create a seamless entry and exit into the Moonbeam and Moonriver ecosystem for 6 months. They also plan to drive ecosystem growth through social contests and bridge competitions.
- Expected Outcomes: The project expects to achieve robust bridge functionality when each token pairing per chain reaches $2-3m. The total cost of the grant is 2,460,000 GLMR. The project has previously bridged over $1B in total value and aims to provide a user-friendly mechanism to explore and participate in an ever-growing network of blockchain ecosystems.

#197 Relay Chain: Liquidity Catalyst Grant Proposal