Berkeley Blockchain Xcelerator Welcomes Pendulum
Berkeley Xcelerator Alumni teams secured over $400m in follow-on funding and Pendulum has joined the 2022 cohort. The Berkeley University blockchain program received over 300 applications and Pendulum was one of just 20 successful projects. The United States University offers technology projects Berkelely’s global network and top-tier support.
Berkeley’s Blockchain Xcelerator is a partnership between Berkeley Engineering’s RDI & SCET, Blockchain at Berkeley, and Berkeley Haas that combine to offer non-dilutive support to ambitious blockchain projects.
The Xcelerator program aims to extend a helping hand to advance technology. It is clear that Pendulum’s cutting-edge technology and mission resonate with this purpose.
Pendulum will benefit from Berkeley’s global blockchain network that includes an audience of over 20,000 across their social media. The Berkeley network also includes top-tier investors, mentors, recruiters, and advisors. Previous cohorts include many successful projects such as the Polkadot parachains Acala Network and Astar Network.
Berkeley Xcelerator describes Pendulum’s vision:
Pendulum’s vision is to build the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain. Through this connection, Pendulum brings deep liquidity into the DeFi ecosystem and in return enables efficiency gains, maximized interoperability, and fully automated 24/7 operations for traditional finance services.
Find out more about the Xcelerator program and Berkeley’s introduction of Pendulum here.
The big announcements and high-profile partnerships are just getting started for Pendulum. Keep in touch with Pendulum socials to hear the latest news first. We thank Berkeley Xcelerator for the support and are excited to start working together to pivot fiat to a DeFi future!
About Berkeley Xcelerator
Berkeley Xcelerator provides non-dilutive support for selected teams, providing access to resources both on and off-campus. The motive is purely to advance technology, create new ventures, and support researchers.
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
Keep your eyes on the Pendulum!
Telegram Announcements: t.me/pendulum_chain
Telegram Community: https://t.me/pendulum_community