Equilibrium and Pendulum Integrate for Cross-Chain EQD Stablecoin & PEN Functionality

We’re excited to announce our partnership with Pendulum, an open-source blockchain linking the fiat and DeFi ecosystems through a complex smart contract network. The collaboration will introduce minting, liquidity, and trading opportunities for PEN (Pendulum’s native token) and EQD stablecoin holders.

Pendulum features practical aspects for financial operations like Pendulum’s Spacewalk Bridge. Spacewalk offers Pendulum a unique, trustless bridge to the Stellar blockchain that unlocks access to fiat-backed stablecoin ecosystems. In doing so, Spacewalk enables Pendulum users to develop Forex applications and realize new financial opportunities.

Equilibrium’s money market will allow users to stake PEN tokens for rewards (farming) or use as collateral to borrow crypto assets. Furthermore, after listing PEN, the Equilibrium orderbook DEX will offer non-custodial PEN/EQD trading — perfect for users seeking non-custodial trading.

EQD’s new collateral acceptance of PEN and Stellar’s fiat-backed stablecoins creates new opportunities for asset holders. The EQD stablecoin can act as a gateway to the Polkadot ecosystem and is integrated with numerous parachains and dApps via XCM, providing liquidity through yield farming or trading options against other supported crypto assets on DEXs.

The partnership between Equilibrium and Pendulum is mutually beneficial to both communities as it helps to broaden the user base and add more utility to both blockchains’ native assets. We’re looking forward to increased opportunities for our communities and are excited to see what the future holds.

About Pendulum

Pendulum is revolutionizing the world of finance by introducing a cutting-edge solution that connects fiat and DeFi. Utilizing a smart contract blockchain based on Polkadot’s Substrate, optimized for fiat transactions, Pendulum allows traditional finance services to access the benefits of DeFi with ease, including forex AMMs, lending protocols, and yield farming opportunities. As the leading provider of seamless integration between fiat and DeFi, Pendulum is paving the way for a new era of financial innovation. Developed by SatoshiPay.

About Equilibrium

Equilibrium is a one-stop DeFi platform on Polkadot that allows for high leverage in trading and borrowing digital assets. It combines a full-fledged money market with an orderbook-based DEX. EQ is the native utility token that is used for communal governance of Equilibrium. Dollar-pegged EQD is Equilibrium’s native decentralized stablecoin, collateralized by a weighted basket of assets and used as a universal unit of value within the DeFi ecosystem. eqDOT is a liquid DOT staking wrapper that allows users to participate in DeFi on Equilibrium while earning DOT staking yield.

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