Pendulum Q2 2024 Ecosystem Roundup
As Q2 concludes, our Forex AMM powered by Nabla technology launch begins on Testnet! Pendulum has also made significant progress in uniting the Stellar and Polkadot ecosystems through the Spacewalk bridge. From enhanced bridge capacity to streamlined offramping solutions, we drive our ecosystem forward and make DeFi more accessible.
💡 Ecosystem Highlight
Enhancing Cross-Chain Liquidity with vDOT Collateral
Our Polkadot treasury proposal to loan 50k DOT was a great success! This DOT will be staked on Bifrost to generate vDOT, strengthening the collateral for our Spacewalk bridge and expanding cross-chain liquidity between Stellar and Polkadot.
Offramping Stablecoins to Your Bank Account
The early version of the prototype enables automated offramping of stablecoins from Polkadot to bank accounts in Europe or Brazil. This solution automates and streamlines the offramping process — watch the demo to see how easy it is!
Spacewalk bridge integrated on Soroswap Finance
Soroswap has integrated the Spacewalk bridge into its platform, providing users with a seamless cross-chain asset transfer between Stellar and Polkadot.
Pendulum on Subscan
Pendulum is now integrated with Subscan, giving the community enhanced transparency in transactions and activities.
LPs Pools on Zenlink
Pendulum and Amplitude have launched 7 liquidity pools on Zenlink, creating earning opportunities for LPs. This marks the first chance for Stellar holders to earn rewards with XLM tokens. The pools include:
🏦 Governance Referendum
- Register USDC.axl asset on Moonbeam
- Registering Circle’s EURC (Stellar) on Pendulum and updating the
MultiLocationof the XLM.s asset in the asset registry. - Pendulum Release 16 set up the
fee_per_secondparameter to calculate and apply fees appropriately when assets are transferred. - Registering XLM & EURC as XC-20 assets on Astar network.
- Bifrost HRMP Channel Accepted to enable vDOt as collateral for Spacewalk.
☎️ Community Engagement
Pendulum Forex AMM powered by Nabla Testnet Campaign
We’re thrilled to announce the launch of our Forex AMM Testnet campaign on Airlyft, powered by Nabla! Test our Forex AMM, provide valuable feedback, and have a chance to win a share of $2000 worth of PEN tokens.
This is your opportunity to shape cross-chain Forex trading and be rewarded for your input!
Key Features to Test:
- Swapping stablecoins
- Adding liquidity to pools
- Interacting with backstop pools
We’re incredibly excited about our progress in Q2 and the opportunities that lie ahead. Join us as we build a more connected and accessible financial future for all. Stay tuned for more updates.
About Amplitude
Pioneering the internet of fiat. Amplitude is the sister network of Pendulum on Kusama. It will act as a testing ground for Pendulum applications and network parameters and be powered by the AMPE token.
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.
Keep your eyes on the Pendulum!
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