July has been a month of steady progress and great developments for Pendulum ecosystem. From the upcoming SatoshiPay launch of Vortex to the Forex-AMM powered by Nabla Testnet campaign, we’ve seen advancements across multiple fronts.
💡 Ecosystem Highlight
Vortex, A Crypto to Fiat FX Solution (Coming Soon)
Vortex is set to transform financial transactions with its low-slippage Forex-optimized DEX and instant ‘Stablecoin Link’ on/off ramp. Utilizing Spacewalk and Pendulum technology built on EVM by Satoshi Pay, Vortex will enable easy local currency conversions like $BRL, $TZS, and $EURC, and direct bank transfers, all with ultra-low fees below 0.5% and no hidden fees.
🌀 Vortex isn’t just a new product — it’s a ‘Web3 Wise’ re-imagined, broadening horizons to redefine financial transactions across borders.
Follow Vortex on X for more updates!
Circle EURC is Live on Spacewalk
MYKOBO EURC on Stellar has been transit to Circle EURC. Over 25K asset holders, including those via Pendulum Spacewalk, will move to Circle EURC.
Expanded support for EURC to Eth, Avax, and Solana ecosystems is coming! Read more about this in their blogpost.
Added support for Pendulum and Assets on Fearless Wallet
Fearless Wallet now supports a broader range of assets from Pendulum and Amplitude.
Supported assets include:
- Pendulum: $HDX, $BRZ, $BNC, $USDC.axl, $ASTR, $vDOT, $USDC, $USDT, $DOT, $PINK, $PEN, $GLMR
- Amplitude: $USDT, $PICA, $KSM, $AMPE
🏦 Governance Referendum
- Referendum 42 (passed) to add Stellar EURC and axl.USDC to allow list of tokens allowance pallet. This enables these two currencies to be used with our Forex AMM.
- Referendum 43 (passed) setting thresholds for registering vaults for the DOT and Circle EURC currency pair on Spacewalk on Pendulum.
- Referendum 45 (passed) to adjust farming rewards for the PEN/GLMR and PEN/DOT pools on Zenlink Pendulum.
☎️ Community Engagement
Winners of Pendulum Forex AMM powered by Nabla Testnet Campaign
Thank you to all participants of the Forex AMM powered by Nabla Testnet campaign! 🎉
Winners have been selected, so check your DMs if you completed all tasks. We’ve contacted the 5 winners who will each receive $300 in $PEN.
Please respond by July 31st at 3 PM CET to claim your rewards! 💰
😎 KOL’s Highlight
In an enlightening discussion with TeachMeDeFi, @Pendulumalex, co-founder of Pendulum, debunked myths around blockchain, highlighting its potential to revolutionize the flawed international payment system.
The interview focused on the innovative integration of fiat currencies on-chain, enhancing cross-border payments, and streamlining the off-ramping process.
🥂 Event
Polkadot Decoded
At Polkadot Decoded 2024, Pendulum had a dedicated booth where attendees could engage directly with our team.
Our CTO, Torsten, also stepped into the spotlight to deliver an insightful talk. He discussed how blockchain isn’t just disrupting but also repairing the international payments landscape. The focus was on integrating fiat currencies seamlessly into the blockchain, improving cross-border payments, and easing the process of crypto off-ramping.
💬 Community Q&A
how does pendulum really help Forex trading?
Pendulum connects the traditional forex market to the blockchain, allowing users to trade currencies directly on a decentralized platform.
As we enter August, Pendulum continues its mission to integrate fiat and DeFi. These updates reflect our ongoing work to create a user-friendly platform for cross-border financial transactions and a better solution for on, and off-ramping. We’re grateful for our community’s support and look forward to sharing more developments soon. Stay connected with Pendulum for future updates and opportunities.
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!
Twitter | Telegram Announcements | Telegram Community | Discord | Reddit
