As we embrace the summer season, Pendulum has been at the forefront of driving the bright future of DeFi in the Polkadot ecosystem. From the highly anticipated launch of Spacewalk bridge to new strategic collaborations, June has been an exciting journey. Join us as we delve into the highlights, and explore some key developments that have unfolded throughout the month.
💡 Ecosystem Highlight
Spacewalk bridge is live
Pendulum’s Spacewalk bridge is now live on Amplitude, connecting the Polkadot and Stellar blockchains.
Tokens supported include USDC, TZS, BRL, and XLM, with AMPE used for gas fees. Spacewalk serves as a crucial link for Pendulum to leverage fiat-backed stable tokens on Stellar and facilitate the development of a fiat-based DeFi ecosystem.
Take a sneak peek at the capabilities of Spacewalk by watching our demo video on YouTube.
Q3 Roadmap Updates
After the successful launch of the Spacewalk bridge on Amplitude, we are thrilled to unveil a refreshed roadmap that encompasses a range of key developments in the upcoming weeks and months!
Exciting roadmap updates include, but are not limited to, the following:
- Integration with AlchemyPay will enable fiat onramps for PEN tokens.
- AMPE is scheduled to be available on the Zenlink AMM in August, preceded by a Liquidity Bootstrap Pool.
- Ledger integration will enhance security for PEN token holders.
- Spacewalk launch on Pendulum is planned for September.
- Nabla (formerly 0xAmber) Forex-optimized AMM is undergoing a security audit and aims to launch on Pendulum in September.
0xAmber Rebrands to Nabla
Introducing Nabla, the newly rebranded Forex AMM formerly known as 0xAmber. Nabla aims to revolutionize the world of Forex trading with a single-sided staking (no impermanent loss!) solution and a new Proactive Market Maker (PMM) model.
Join their Discord community to stay updated and get ready for real on-chain forex trading on Pendulum.
🤝 New Partnerships
- Scallop Partnership: Pendulum and Scallop join forces to revolutionize the blockchain industry, focusing on financial inclusion by integrating cutting-edge blockchain technology with secure banking solutions.
- Clickpesa Partnership: Pendulum and ClickPesa collaborate to empower SMEs and bridge the financing gap in African microfinance institutions (MFIs). Through a pilot program, we will validate their MVP and fund three Tanzanian MFIs, pioneering a lending protocol and scoring model, and providing real yield opportunities, and connecting DeFi yield seekers with the African MFI sector.
🗜️ Integration update
- Wallet Connect integration on our Portal: In our constant pursuit of a flawless user experience, we are excited to announce that WalletConnect is now integrated with Pendulum’s Portal! This integration expands the range of wallets that can be used to interact with our gateway, providing seamless access to Amplitude Chain and Pendulum.
- Novawallet XCM channel transfer is enabled: NovaWalletApp has implemented support for XCM transfers between Pendulum and Polkadot Asset Hub. Users can now effortlessly move their USDT assets across these platforms, enjoying a seamless and convenient experience.
📞 Community Calls
Scallop AMA: Our Head of Marketing, Liam, and Community Manager, Jonathan, engaged in a captivating AMA with Scallop’s CEO, @raj_scallop, as we delved into our recent partnership, the convergence of TradFi and DeFi, crypto regulations, and more!
Polkadot Pioneer AMA by Polkadot: Discovering the power of Ecosystem Diversity, collaborative initiatives, and how disruptive innovation is waging war against the maxis. Thanks to Parity for hosting the AMA, it was a great discussion together with the BD team from Interlay and Moonbeam!
Decentralized Club: Engaging with Decentralized Club’s community, Jonathan discussed the connection between DeFi and fiat. It’s our pleasure to be hosted by Decentralized Club to introduce Pendulum to their community and answer the community’s questions
Crypto Talkz: Jonathan joined the AMA and talked about how we are integrating forex, yield opportunities to Pendulum, and gave a sneak peek at the upcoming updates that are soon to come in our ecosystem.
🍻 Events
Polkadot Prague: Our lead engineer, @ebmarcel presented at Polkadot Prague, about how our innovative smart contract solution at Pendulum and Nabla can unlock the full potential of decentralized applications.
Polkadot Decoded: Polkadot Decoded has arrived! This year, it marked its presence in Copenhagen, and we have sent a highly skilled team to forge numerous new and valuable connections.
🧵Thread of the month
As we conclude the month of June, we are looking forward for the exciting developments that lie ahead. Anticipation builds as we prepare for the launch of a fully functional Spacewalk bridge on Pendulum and the highly anticipated debut of Nabla. These forthcoming milestones aim to reshape the landscape of DeFi and unlock new possibilities within the Pendulum ecosystem. We extend our gratitude to our dedicated community for their unwavering support and active engagement throughout this journey.
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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