CSP DAO Project Review: Pendulum
The emerging DeFi ecosystem has created highly optimized markets for crypto assets, but not yet for fiat currencies. Compliant on-ramps and off-ramps into the traditional financial world are inefficient or non-existent. As a result, the traditional finance world is largely disconnected from DeFi.
Introducing Pendulum — a sophisticated smart contract network dedicated to connecting fiat rails to DeFi. Bridges to Ethereum, Polkadot and Stellar ensure broad ecosystem interoperability. Through stablecoin standards, financial services like cross-border payments, savings accounts, lending and the $6.6 trillion/day Forex market can be connected to DeFi.
Pendulum’s vision is to use the power of blockchain technology to create an open financial system that overcomes borders and fosters economic inclusion.
Pendulum connects Stellar’s on-ramps and off-ramps to DeFi. Pendulum fills two primary gaps in the blockchain ecosystem.
USE CASES AND BENEFITS
$PEN is the utility token of Pendulum Network. $PEN token serves multiple utility purposes in the ecosystem.
- Gas fees
- Validator node staking and
- Network participation
TOKEN RELEASE SCHEDULE
PARTNERS AND INVESTORS
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