Our team at OAK Network is incredibly excited to share with our community and the Polkadot ecosystem that after successful testing between Moonbase Alpha and OAK’s staging environment — the Moonriver and Turing Network parachains on Kusama are opening a HRMP channel between parachains to create sophisticated automation functionality using XCM in the Moonriver ecosystem — and soon to Moonbeam!
The Moonriver Parachain
Moonriver is a solidity smart contract platform and the canary network for the Moonbeam parachain. Moonriver and Moonbeam are some of the premier parachains in the ecosystem and in many ways are the gold standard for parachain development. Our team at OAK Network are looking forward to working alongside the teams working on Moonriver by building diverse products and dApps. After significant testing between OAK and Moonbeam from the engineering teams, everyone is looking forward to integrating XCM automation into the Moonriver ecosystem.
You can find a variety of information about Moonriver and Moonbeam in the link below.
https://moonbeam.network/networks/moonriver/defi/
The channel between Moonriver and the Turing Network will create XCM automation functionality that is usable by any applications building and operating on Moonriver. MOVR token holders voted on referendum #21 on the Moonriver Governance Platform which opens the HRMP channel and registers the cross-chain asset xcTUR. The proposal was successfully passed on the Moonriver open governance platform. You can see the referendum on Polkassembly at the link below.
https://moonriver.polkassembly.network/referenda/21
Moonriver is also home to many of our teams favorite Polkadot & Kusama based projects such as the Moonwell Defi liquidity well, and the Solarbeam DEX. We have attached a graphic below of some of the most trafficked dApps on Moonriver.
Top Moonriver Dapps — Dappradar
Alongside integrating with current projects and products on Moonriver we are also excited for new Moonriver and Moonbeam builders to be able to use OAK’s remote execution and other automation functionality to create new products as part of the Moonbuilders program and as part of the official Polkadot hackathons later this year. Our team has created a variety of resources for builders who want to integrate between Moonriver and the Turing Network. The Turing Network and Moonriver technical documentation sites are linked below.
https://docs.moonbeam.network/
https://avaprotocol.org/docs/polkadot/product-guide/time-automation-explained
How does Cross-chain Automation Work?
OAK Network and our canary network Turing enable connected blockchains and parachains like Moonriver to utilize event-driven execution to automatically execute transactions and smart contract functions. Completely trust-free and non-custodially, users and developers can unlock rich user experiences such as recurring payments and auto-compounding rewards for services including but not limited to staking, yield farming, and liquidity provisions.
Parachain XCM creates the opportunity for the Turing Network to establish cross-chain automation — enabling muti-chain apps to schedule and automate extrinsics on Moonriver. The diagram below highlights the process.
Our team is proud to be continually working with Moonbeam and Moonriver to create innovative services and products and deliver them to the Polkadot ecosystem. Our teams have partnered on a variety of projects to help cultivate the Polkadot community. Below you can check out our Podcast from 2022 where OAK Network’s founder Chris Li spoke with Katie Butler from Moonbeam and with other ecosystem teams about landing your dream role in Web3.
About Ava Protocol
Ava Protocol is an intent-based Eigenlayer AVS that seamlessly enables private autonomous transactions for numerous use cases, such as DeFi, NFTs, and games. We're enhancing decentralized applications with scheduled and recurring payments, stop-loss orders, streaming rewards, and more. Ava Protocol’s event-driven execution model triggers cross-chain transactions based on signals such as time, price changes, and smart contract updates. Developers can easily schedule and automate functions across different blockchains, including Ethereum, ensuring efficient and reliable execution without compromising privacy.
