Pendulum's Q1 2024 roundup highlights the launch of the Spacewalk bridge connecting Stellar and Polkadot ecosystems for seamless XLM and stablecoin transfers. Key developments include reward structures for bridge vaults, new liquidity pools on Zenlink and StellaSwap, and progress on Forex AMM powered by Nabla. Community engagement and governance updates further strengthen the ecosystem's growth.
In Q1 2024, Pendulum achieved major milestones including the live deployment of the Spacewalk bridge on Pendulum and Amplitude, enabling trust-minimized transfers of Stellar assets like XLM, USDC, EURC, and others into Polkadot's DeFi. A dual-layer fee and reward system for Spacewalk vaults incentivizes operators, while PEN/DOT and PEN/GLMR pools on Zenlink DEX offer LP rewards, paving the way for XLM.s pools. PEN was listed on Moonbeam's StellaSwap for enhanced EVM DeFi access. Roadmap updates cover Forex AMM testing nearing mainnet launch post-bug fixes, alongside governance referendums on HydraDX integration, PINK allocation, and network maintenance. Community initiatives like Product Pioneers 2 distributed over 30,000 PEN rewards, with AMAs and interviews boosting engagement. Pendulum continues bridging TradFi and DeFi via Polkadot Substrate.
