Decentralized Finance, or DeFi, is one of the pillars of the blockchain economy, relying entirely on decentralized networks and powered by Web 3 technologies and cryptocurrency digital assets. It encompasses innovations in finance without depending on a central government authority but on blockchain and automated smart contracts. Every action is publicly verified on distributed ledgers between peers, and only after this verification does a financial transaction achieve consensus.
What's Pendulum?
Pendulum, a substrate chain on Polkadot, has taken strides to introduce innovations in the decentralized finance industry. The Pendulum team recognizes that the tools offered by centralized and traditional financial systems fall short in delivering flexible and composable financial services.
Liquid transfers to the receiving entity encounter obstacles such as delays, centralized control, higher fees for international transactions, and more. In addressing these challenges, Pendulum offers a bridge utilizing blockchain technology to connect FIAT to DeFi. This connection can subsequently link fintech companies, forex markets, and various other entities with DeFi technologies.
How Stable is it?
Stability is one of the most important factors of any DeFi-based organization. To achieve this, Pendulum focussed on building over the interoperable smart contract blockchain Polkadot.
With Polkadot's advanced smart contract compatibility, deterministic finality, customizable pallet components, forkless upgrade, and addition to the security level enabled on Pendulum, as a substrate they derive the Security aspect too from the L0 chain where they aim to build an entire fiat DeFi ecosystem on the Pendulum chain including AMMs, lending protocols, forex-optimized money markets, fiat yield farming opportunities and more. Furthermore, you can now experience the release named Spacewalk which is the bridge between Stellar and all substrate chains. Learn more about the Spacewalk Release here.
Official Links
Learn more about Pendulum and Amplitude on their official docs.
- Pendulum Gitbook
- Pendulum's Journey & Achievements
- Pendulum's Litepaper
- Pendulum's Tokenomics
- Pendulum Official Twitter
- Pendulum Official Telegram
- Pendulum Official Discord
Trust Us! You don't want to miss any updates! :)
Partnership
The AirLyft and Pendulum teams share a longstanding relationship, collaborating to promote awareness and usage of products built on Pendulum. Together, they have launched a series of concise yet impactful educational, engagement, and community-building campaigns.
These initiatives aim to enhance product and social adoption through brief yet powerful content. The goal is not only to educate users but also to provide practical experiences, fostering engagement and encouraging active involvement in upcoming advancements. Check out the different campaigns already hosted by Pendulum over the past year and continuing.
- Pendulum Product Pioneers 2 (Dec 21st '23 ~ Jan 11th '24)
- Pendulum Product Pioneers 1 (Ended)
- Pendulum Mainnet Warmup (Ended)
In the ongoing Product Pioneers Campaign, a variety of socially engaging and on-chain product-engaging tasks are available. These tasks include activities related to minting, bridging, $PEN ownership, liquidity addition, and more. Participating in these tasks will provide a clear understanding of the purpose and significance behind Pendulum's innovative functionalities. Explore them now and immerse yourself in the world of limitless fiat.
About AirLyft
AirLyft is a decentralized, multichain, growth hacking platform for projects to establish, expand, and engage their community. It is a feature-rich platform to incentivise on-chain/off-chain actions by the community. It also automates the validation, reward creation as well as distribution, thereby saving hundreds of hours of marketing & development effort and making campaign creation and participation a seamless experience.