Welcome to our September Roundup! This month, we’ve introduced several updates, including the near launch of Forex AMM powered by Nabla and enhanced blockchain abstraction on Vortex. Explore our latest developments and partnerships that merge traditional finance with digital capabilities.
💡 Ecosystem Highlight
Forex AMM Powered by Nabla teaser
The launch of our Forex AMM powered by Nabla is imminent. Stay tuned to our X for the latest updates!
Blockchain Abstraction on Vortex
5 blockchains, 2 bridges, 1 bank account 🔀
Vortex’s offramping process effortlessly moves funds from Polygon to your EU bank account, minimizing fees and steps. The route traverses multiple platforms — Polygon, Moonbeam Network, Axelar, Squid Router, Pendulum Chain, Polkadot, Stellar, and utilizes Circle’s $EURC provided by MYKOBO.
Experience blockchain abstraction at its finest. Discover the 6 key steps here:
Asset Capacity Expanded on Spacewalk
We’ve increased our vault capacity for XLM, EURC, AUDD, and NGNC to support more asset transfers. Verify this by navigating to Spacewalk, selecting ‘Settings’, and then ‘Vault’.
Pendulum Docs Update
Our Docs have been updated to enhance user support and clarity. This includes new guides on asset redemption post-vault liquidation and recovering a vault after liquidation.
Asset Redemption Guide | Vault Recovery Guide
🤝 Partnership Announcement
Kylix Finance and Pendulum are collaborating to launch a lending product that merges traditional finance with Web3, leveraging Pendulum’s infrastructure.
🏦 Governance Referendum
- Pendulum’s Asset Registration on Interlay to create a money market for lending and borrowing with the Circle EURC.s and XLM.s tokens.
- Referendum 48 to open a bi-directional HRMP channel between Pendulum and Darwinia. Initially, its primary function will be to facilitate the seamless swapping of any parachain token on Paralink.
☎️ Community Engagement
Real World Alpha (RWA) Spaces with EMoney Recap
Highlights from the recent Space include:
- DeFi protocols employ algorithms to automate trades and tailor strategies to market trends.
- DEXes leveraging oracles for accurate real-time exchange rates.
- Enhanced blockchain app UI, now as user-friendly as Web2 applications, incorporating advanced security measures like facial recognition and 2FA.
As September concludes, we’re excited about the progress in our ecosystem, marked by new updates and strategic partnerships. We appreciate our community’s continuous support and look forward to sharing further enhancements. Keep connected for upcoming developments and opportunities in our 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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