Forex AMM Incentives Program launches

2 min read16 hours ago

Following the launch of the Forex AMM on Oct 16, the stage is set to kick off the incentives Point Program.

Pendulum’s Forex AMM Points Program gives early adopters an exclusive opportunity to experience the future of decentralized Forex trading on-chain. Powered by Vortex Finance, the Forex-optimized AMM enables seamless and low-slippage swaps between various stablecoins.

Access via Pendulum’s portal: https://portal.pendulumchain.org/pendulum/nabla/swap

Participating in this Forex AMM campaign gives you a front-row seat to the next generation of Forex trading and contributes to its development. Plus, you can earn PEN Points for your participation.

Points Program Overview

The Points Program has been introduced to ensure fair and attractive rewards for early participants. A fixed amount of PEN rewards has been allocated for this program. To earn PEN tokens, participants must accumulate points through incentivized on-chain actions:

Performing Swaps: This generates yield for liquidity providers. The higher the swap volume, the greater the incentives for liquidity providers to join.
Providing Liquidity: Adding liquidity ensures deep pools, which enable efficient Forex trades.

Earning Points

Liquidity Providers

For Swap pool LPers — 1 point for $100 worth of LP per day (worth of blocks)
For BSP LPers — 2 points for $100 worth of LP per day

Traders

1 point for every $500 swapped

Rewards

Total Rewards: 100,000 PEN tokens, split between Seasons 1 and 2.

Season 1: November 22, 2024 (block #118040) to December 21, 2024 (block #4326830)
Season 2: To be announced

Follow this simple guide to start earning PEN Points today:

About Pendulum

Pendulum is building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. This platform bridges traditional financial services with DeFi applications, enabling functionalities like specialized Forex AMMs, lending protocols, and yield farming opportunities. Pendulum is developed by SatoshiPay.

Keep your eyes on the Pendulum!