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Pendulum-Chain

Pendulum Completes Substrate Builders Program Milestone One

Substrate Builders Program has allowed Pendulum to tap into the resources of Parity and pass the first milestone. This milestone includes setting up a playground UX/UI, becoming a parachain on Rococo, and publishing docs and tutorials.

What is Substrate Builders Program

The Substrate Builders Program supports and mentors teams like Pendulum that are building projects on Substrate. The program offers comprehensive assistance and advice from Parity in areas such as technical and ecosystem support. For teams like Pendulum who are building from scratch it helps problem solve and facilitate creativity.

Pendulum has completed the evaluation phase and building phase milestone 1, roll on milestone 2.

Milestone One Completed

Milestone 1 can be divided into the achievement of 3 deliverables:

  1. Set up a playground environment UX/UI
  2. Become a Parachain on Westend/Rococo
  3. Publish docs and tutorials

1. See the code links below for the first deliverable of setting up a playground UX/UI. The objective was to build a unified interface for developers who want to build on Pendulum

We are excited to have our community start to experiment with these features!

2. Projects can choose to become a Parachain on Westend or Rocco. We decided to deploy to our own internal Rococo testnet. Having a self-hosted testnet will provide us with the complete flexibility of testing our features along with shorter turnaround times and also help avoid any external dependencies that can halt our development cycle. While launching our testnet (relay chain + parachain) we faced a few hiccups and thought a few things could be automated here. Hence, we developed Pendulum-Launch which is a tool for launching a parachain from a static configuration. Code links:

Read how to test the code and see key documentation here.

3. For docs and tutorials, the Github code can be found here and the key documentation again is hosted here.

Future Milestones

We look forward to completing the remaining two major milestones of the Substrate Program. In summary these milestones are:

Milestone 2

  • Integrate Spacewalk (Stellar bridge pallet) on Pendulum
  • Roll out Pendulum WebApp v2 (a portal for core Pendulum services)
  • Roll out general liquidity AMM v2 (Uniswap v2)
  • Get current testnet production-ready

Milestone 3

  • Roll out an AMM optimized for fiat tokens
  • Reserve chain integration e.g. State{mint/mine}
  • Prepare for parachain auction: set up crowdloan infrastructure
  • Research MEV protection solutions

Building a cross-chain fiat hub from the ground up is no easy task, but the Pendulum tech team doesn’t stop delivering! To keep up-to-date with all Pendulum developments join our socials. We will keep the community updated on all tech updates, partnerships, and more!

About Pendulum

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.

About Substrate Builders Program

The Substrate Builders Program, sponsored by Parity, offers direct support to projects connecting them with Parity’s extensive resources. The program identifies, supports, and mentors current and potential Substrate-related projects.

Keep your eyes on the Pendulum!
Twitter: @pendulum_chain
Telegram Announcements: t.me/pendulum_chain
Telegram Community: https://t.me/pendulum_community
Discord: discord.gg/wJ2fQh776B
Reddit: https://www.reddit.com/r/Pendulum_Chain

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Pendulum, the internet of fiat, is a blockchain offering composable fiat services to swing fintech companies into the DeFi future.

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