💡 Ecosystem Highlight
Nabla is Open for Testing!
After a year of nonstop work, the team behind the Forex-optimized AMM Nabla (formerly 0xAmber) has opened their Testnet for internal testing! This is a huge milestone for delivering low-cost on-chain Forex trading.
To kick things off, Nabla is hosting some fun quests and challenges with AMBER token prizes up for grabs. The top performers on the leaderboard will earn a portion of a 16,000 AMBER reward pool. Even if you don’t finish first, all participants that hit level 4 (1200 XP) get a POAP for Testnet access.
It’s so exciting to actually try Nabla out ourselves! Click here to become a Nabla citizen and get whitelisted for Testnet.
🤝 New Partnerships
- Teaming up with AlphaGrowth: We’ve joined forces with AlphaGrowth, a crypto analysis firm providing market insights to investors, ecosystem funds, and web3 companies. Their seasoned team will provide regular insights and data to help guide Pendulum’s growth.
- Subwallet supporting WalletConnect V2: Crypto wallet Subwallet has added support for WalletConnect V2, joining us in expanding interoperability in the Polkadot ecosystem.
🗜️ Integration update
- Alchemy Pay Fiat Onramp: Buying $PEN just got easier! Thanks to our partner Alchemy Pay, everyone can now buy $PEN directly using fiat currency! With availability in over 170 countries, it’s easier than ever to get your hands on $PEN.
- Ledger Integration: In a major security milestone, the Pendulum app is now integrated with Ledger’s Developer Mode. This integration enables Ledger’s industry-leading security for storing and managing $PEN tokens. We’re now advancing through Ledger’s review process, bringing us closer to full public release.
- Staking on Subwallet: Subwallet browser extension now supports staking $PEN tokens through integration with Pendulum! Earning yields just get much more simpler.
📞 Community Activities
Twitter Space Chat with Ajuna Network
We hosted the Ajuna Network team in a Twitter Space session to chat about all things stablecoins and Polkadot. Some of the key highlights from our conversation:
- Ajuna Network is building gaming infrastructure on Polkadot, with over 1200 players and 300,000 NFT mints. They are launching Season 2 of their Awesome Avatars NFT collection soon.
- Stablecoins can enable easy onboarding and frictionless transactions for gaming. Fiat onramps and using stablecoins for in-game economies improve user experience.
- Pendulum & Ajuna Network chose Polkadot for the benefits of parachains, sovereignty, and potential for scaling. Interoperability via bridges to chains like Ethereum is also a focus.
- Security is ensured via audits of pallets and game theory mechanisms like slashing. Using time-tested pallets also reduces risks.
- Liquidity and stablecoins will grow as more dApps launch, bringing utility and users to Polkadot. The application layer needs building out.
- Regulation around stablecoins is seen as more positive than negative, bringing clarity.
Here's the link to Space if you like to recap.
Pendulum Trivia Night
Our telegram group had a lively trivia night all about Pendulum facts. We put the community’s knowledge to the test with a fun quiz. Winners were awarded $AMPE prizes.
🧵 Threads Highlight
- Let’s recap on how Latam is becoming a crypto hub, and how Pendulum is part of the driving force to empower economic opportunities in this region!
- An ‘Alphashot’ from The Kusamarian, check it out here:
July was filled with major milestones like the Nabla Testnet launch and Ledger integration, new partnerships with AlphaGrowth, expanded fiat onramps via Alchemy Pay, and community activities including a community call with Ajuna Network.
As we head into August, we're hyped for the upcoming Mainnet launch of Nabla and the opening of Spacewalk on Pendulum! Stay tuned to our socials as we continue pioneering DeFi and building out the ecosystem.
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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