Pendulum's Q2 2024 roundup highlights the launch of their Forex AMM on Testnet powered by Nabla and progress on the Spacewalk bridge uniting Stellar and Polkadot ecosystems. Key developments include vDOT collateral from a successful Polkadot treasury proposal, stablecoin offramping to bank accounts, Soroswap integration, Subscan listing, and new liquidity pools on Zenlink for Stellar holders. Governance referendums advanced asset registrations and network upgrades.
Pendulum's Q2 2024 ecosystem roundup details the Testnet launch of their Forex AMM powered by Nabla technology, alongside major strides in the Spacewalk bridge connecting Stellar and Polkadot. A successful Polkadot treasury proposal loaned 50k DOT, staked on Bifrost for vDOT collateral to boost cross-chain liquidity. Innovations include a prototype for automated stablecoin offramping to European or Brazilian bank accounts, integration of Spacewalk into Soroswap Finance for seamless asset transfers, and Pendulum's listing on Subscan for transaction transparency. Pendulum and Amplitude launched seven liquidity pools on Zenlink, enabling Stellar (XLM) holders to earn rewards in pairs like XLM/DOT and XLM/PEN. Governance referendums covered registering USDC.axl, EURC (Stellar), and XLM on networks like Moonbeam and Astar, plus Pendulum Release 16 and Bifrost HRMP channel acceptance. A community campaign on Airlyft rewards testing of Forex AMM features with $2000 in PEN tokens. Pendulum, developed by SatoshiPay, focuses on fiat-DeFi integration via Polkadot's Substrate.
