In August, we’ve introduced several enhancements and functionalities across our products, from the efficient offramping features of Vortex to broader XLM bridging capabilities on Spacewalk. Explore our key updates that streamline the integration of DeFi and traditional finance.
💡 Ecosystem Highlight
Offramp prototype demo video on Vortex
Check out our latest offramping demo! See how Vortex seamlessly converts $USDC from EVM to a European bank account in minutes using minimal fees. The process spans three blockchains and two bridges — transforming crypto on Polygon and Axelar into EUR via Pendulum on Polkadot and MYKOBO’s Circle EURC on Stellar, right into your bank.
Step-by-Step Guide on Migration of MYKOBO EURC to Circle EURC
Since MYKOBO EURC on Stellar has been transit to Circle EURC, this guide covers two primary methods for Pendulum users to complete the transition which are:
- Using the Spacewalk Bridge and LOBSTR Wallet
- Using Stellar Decentralized Exchange (DEX)
Expanded $XLM Bridging Capacity on Spacewalk
We’ve heard your requests! The $XLM bridging capacity on Spacewalk has now been increased, allowing users to bridge over 12,000 XLM to Pendulum seamlessly.
New Assets Live on Pendulum on Subwallet
BNC, VDOT, and ASTR on Pendulum are now live in the latest Subwallet app on desktop browser extension v1.2.24.
🏦 Governance Referendum
- Referendum 34 to add Circle EURC to Spacewalk on Amplitude. This will allow users to bridge the asset from the Stellar Network to the Kusama ecosystem.
- Referendum 46 to close the HRMP channel between Pendulum and Equilibrium due to Equilibrium parachain losing its Polkadot slot lease in February 2023 and stopped producing blocks.
- Referendum 47 to accept the open channel request from Interlay and create a channel request from Pendulum end.
☎️ Community Engagement
Vortex Giveaway Campaign
The “Vortex: Ultimate Crypto-to-Fiat FX Solution” campaign is now active on TaskOn!
Participants who complete all tasks are eligible to win a portion of 150 $USDC. Five lucky winners will each receive 30 $USDC. The campaign concludes on September 4th at 17:00 CET. Start participating today!
Real World Alpha Spaces with EMoney
Pendulum Co-Founder, Alex, will join in the upcoming episode of RWA Chats together with Parag Arora, Managing Director of E-Money Network, and Sergio Mottola, Founder of Music Protocol X.
Scheduled for August 29 at 2:30 PM UTC, this session will delve into the intersection of blockchain technology and real-world asset tokenization.
💬 Community Q&A
Is Vortex a Pendulum project?
No, Vortex is not part of the Pendulum project. It’s being developed by SatoshiPay and is designed as the ultimate crypto-to-fiat FX solution. For more details, you can check out their website.
August has brought further development to our ecosystem, with updates ranging from new asset integrations to engaging community campaigns. We appreciate the continuous support of our community and look forward to bringing more enhancements in the coming months. Stay connected with us for future developments and 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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