On February 13th we were delighted to share that the Pendulum parachain went live on the Polkadot mainnet, marking our most significant milestone to date. Last month we published our Pendulum Launch Roadmap which included 3 core milestones: Pendulum Mainnet, Token Transfer Event, and PEN Listing. This article will provide updates on these milestones as well as detail more of the important upcoming milestones we plan to complete during March 2023. Get ready, there are many exciting developments ahead!
Pendulum Portal V1
The Portal that is already live on Amplitude will be enabled for Pendulum including collator delegation (staking). At this point, only presale participants will see a $PEN balance on their Pendulum Portal. This will be your all-in-one solution for swapping, staking, bridging, and participating in governance voting for Pendulum.
Token Transferability Event
The term Token Transferability Event is used to describe when tokens become transferable, but not yet available for trading. PEN crowdloan participants will have their PEN tokens directly sent to their DOT wallets. The network will conduct a rapid referendum to eliminate sudo. Once sudo is removed, PEN tokens will become transferable, and the network will become decentralized, operational, and under the control of the community.
AMPE LBP on Zenlink AMM
AMPE will list on the Zenlink AMM and we will launch an LBP (Liquidity Boostrap Pool). While the LBP is open, trading is disabled and the ratio between AMPE / KSM depends on how much liquidity is provided in each asset. After completion, trading will get enabled. The Amplitude runtime upgrade will add the first pair on Zenlink along with bootstrapping parameters. More details on how to provide liquidity coming soon.
Spacewalk Live on Amplitude
The much anticipated Spacewalk bridge connecting DotSama and Stellar will go live on Pendulum’s Kusama sister chain Amplitude. This will be the first launch of Spacewalk on the Kusama canary network before going live on Pendulum shortly after. The launch will be enacted via a fast-tracked referendum. Community members will have opportunities to utilize AMPE tokens to support liquidity bootstrapping.
We are excited to announce that PEN will be listed on the Zenlink Automated Market Maker (AMM) with the PEN-DOT trading pair. This will present liquidity-providing (LPing) opportunities for users with both PEN and DOT. The rewards for LPing will be distributed in PEN tokens.
Keep an eye out for a projected upcoming CEX listing around this time too. The ticker symbol for the Pendulum token will be PEN. However, we will use PENDULUM for our initial listing on a certain centralized exchange (CEX) because there is already another token with the PEN ticker listed on that particular exchange. For the safety of our community, we encourage everyone to refer to our official social media channels for accurate and up-to-date information on the exact ticker symbol and listing details as they unfold.
Spacewalk Live on Pendulum
Pending a successful launch on Amplitude, Spacewalk bridge will launch on Pendulum chain Mainnet soon after. Opportunities for providing liquidity to the bridge in PEN and stablecoins will arise and be communicated before launch.
Forex is Coming to DeFi
Shortly after this phase of the launch roadmap is complete the 0xAmber Forex-optimized AMM will go live on Pendulum. Stay tuned to our social channels for more information on all these developments. The potential for onchain Forex and the importance of a customized blockchain in integrating traditional finance into the crypto space is becoming increasingly recognized, leading to exciting developments ahead. Stay up-to-date on launch roadmap updates by joining the Pendulum community on social media. Your contribution is appreciated in creating a future that sees Forex on DeFi!
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.