💡 Ecosystem Highlight
Spacewalk Bridge Launched: Integrating Stellar’s Assets with Polkadot’s DeFi
Spacewalk marks a significant advancement in blockchain-driven financial inclusivity, especially in emerging markets underbanked areas. Alongside the upcoming Forex DEX powered by Nabla, it facilitates decentralized cross-border transactions by integrating Stellar’s payment capabilities with Polkadot’s DeFi infrastructure.
New Pools on Zenlink
Pendulum and Amplitude have expanded offerings with seven new liquidity pools on Zenlink, with opportunities for LPs to earn rewards. This the first opportunity for Stellar holders to earn rewards with their XLM tokens. The new pools include XLM/DOT, XLM/PEN, PEN/DOT, PEN/GLMR on Pendulum, and XLM/KSM on Amplitude.
Offramping prototype
Introducing our initial offramping prototype: seamlessly convert $EURC and other Stellar stablecoins directly into bank accounts with zero manual input. This innovation leverages the Stellar network and Spacewalk, streamlining blockchain finance accessibility.
🏦 Governance Referendum
- HRMP channel with Astar(passed): This referendum enables PEN token on ArthSwap, the leading EVM DEX on Astar.
- Pendulum Release 16: Setting up the
fee_per_secondparameter to calculate and apply fees appropriately when assets are transferred.
💬 Community Q&A
When is the next product pioneers campaign?
Glad to hear someone’s excited for the next campaign. While we can’t comment on exactly when we can say it’s coming soon. We’re organizing our next campaign now.
I’m unable to use the portal. There’s too many problems. What’s going on?
Actually, we have some good news, the teams working on a new revamped portal. It’s a priority to make sure the portal is stable and you have a great user experience using it.
April was a month of great enhancements at Pendulum, with the launch of new liquidity pools and our initial offramping prototype. Thanks for being part of our journey as we continue to blend traditional and decentralized finance. More updates are on the way!
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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