In May, we made important updates in our ecosystem, including integrating the Spacewalk bridge on Soroswap Finance and showcasing the prototype for offramping EURC from Polkadot through the Spacewalk bridge to Stellar and then into the fiat banking system. These steps improve how assets move between Stellar and Polkadot, bringing us closer to a more connected financial landscape.
💡 Ecosystem Highlight
Spacewalk bridge integrated on Soroswap Finance
Soroswap has integrated the Spacewalk bridge into its platform, providing users with a seamless cross-chain asset transfer between Stellar and Polkadot.
Unlocking Cross-Chain Liquidity with vDOT Collateral
To expand the bridge’s capacity and facilitate increased cross-chain liquidity, the Pendulum team has requested 50,000 DOT from the Polkadot treasury. This DOT will be staked on Bifrost, and the resulting vDOT will be used as collateral, primarily for bridging stablecoins from the Stellar ecosystem.
Offramp Prototype: Bringing Stablecoins to Your Bank Account
We’re thrilled to share the initial prototype for offramping stablecoin from Polkadot directly to your bank account in Europe or Brazil. This early version offers a fully automated and instant flow — check out this demo to see how it works in just a few clicks!
USDC is on Pendulum
USDC transactions between Pendulum and Polkadot Assethub are now once again supported on NovaWallet, enhancing operational flexibility and connectivity within the ecosystem.
Pendulum on Subscan
Pendulum is now integrated with Subscan, allowing you to explore our transactions, activities and more.
🏦 Governance Referendum
- AAG: Pendulum Co-founder, Alex provided insights into the referendum of loaning DOT collateral for Spacewalk bridge vaults during an AAG session. Catch up here.
- Discussion on Astar: Registering XLM & EURC as XC-20 assets on Astar network.
- Bifrost HRMP Channel Accepted: Enable vDOt as collateral for Spacewalk.
- Asset Registry Migration: Migrating from XCM v2 to v3 to ensure XCM transactions continue to work as expected
🧵 KOL’s Content Highlight
Alpha Airdrop presented an overview of Pendulum and the interoperability fostered by the Spacewalk bridge in a bite-size one-minute video. Check it out now.
💬 Community Q&A
Will you implement Real World Assets into Pendulum?
We are currently focused on stablecoins and on-chain Forex AMM, but in the future, our infrastructure being developed with Nabla will facilitate the seamless integration of real-world assets into Pendulum.
How do you deal with government regulations and the reluctance of banks to share exchange rate benefits?
As an infrastructure provider, we don’t handle compliance directly. The dApps built on top of Pendulum choose their level of compliance with regulations.
any plans for more exchanges?
We can’t make any comment on this at this moment.
As May ends, we look back on the progress we’ve achieved and the initiatives we’ve started. Each update and new feature brings us closer to a more integrated financial system. Thank you for your ongoing support and involvement, which are vital to our progress.
Keep an eye out for more updates as we develop and expand our ecosystem in the coming months.
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
