Pendulum, a fiat-optimized blockchain infrastructure provider within the Polkadot ecosystem, has successfully completed a parachain cloud loan, achieving a hard cap of 300,000 $DOT in a staggering 3 minutes. made history in This is the largest auction hard cap since May and the fastest parachain cloud loan ever completed in the history of the Polkadot ecosystem.
Pendulum’s entry into the Polkadot ecosystem broke records. This not only demonstrates the company’s strong position in the market, but also positions it for further expansion and continued success. Additionally, the emphasis given to the project not only by the Polkadot community, but also by thousands of private investors, shows growing interest in the future of the project.
Pendulum CMO Daniel Kisluk said: It’s what our community and investors believe in our vision, mission and technology. This shows that they believe in our path to success. We appreciate their support and will continue to work hard towards our ultimate goal of launching his Pendulum on mainnet in February 2023. ”
Strong support for Pendulum’s integration into the Polkadot ecosystem
Built on Substrate, Pendulum is designed to allow DeFi applications and protocols to frictionlessly connect to the Forex (often known as “Forex”) marketplace. Additionally, it provides existing his DeFi dApps and protocols with the necessary infrastructure to develop automated market makers (AMMs). This allows these companies to develop highly scalable liquidity pools of fiat currency.
As a result of this, it also helps to further increase the yield generating potential for users who own fiat tokens. Pendulum will launch many innovative solutions once it goes live on the Polkadot network. These include cross-chain bridges with minimal trust, support for a wide range of fiat-pegged stablecoins, state-of-the-art smart contracts, native-level compliance and privacy layers, on-chain and off-chain to support local banking channels. Includes chain standard.
The cloud loan was successfully completed. This not only establishes a new standard for the fastest parachain cloud loans possible, but also shows that there is great support and excitement for his Pendulum’s inclusion in the Polkadot ecosystem. Furthermore, the results are a promising indication of the mission and technology potential of the project, positioning it as a platform for continued success and expansion.
Pendulum is an open-source, fiat-tuned smart contract blockchain. Developed by fintech company SatoshiPay. Powered by Substrate, the platform connects the fiat and DeFi ecosystems, integrates DeFi applications into the forex market, creates automated market makers for scalable liquidity pools, and creates an automated market maker for fiat tokens. Allows to generate yield for the owner. To meet the ever-increasing demand for fiat liquidity, Pendulum will enable reliable and compliant fiat-pegged tokens to be deployed in his thriving DeFi ecosystem.