Roadmap Refresh: Pendulum & Amplitude June 2023 Updates
We’re excited to announce that the much-awaited Spacewalk bridge is now live on Amplitude, the sister chain of Pendulum. We want to express our gratitude to the community for their valuable testing so far during this launch. Initially, access to the bridge is exclusive to the AMPE community. Following a brief but rigorous testing phase conducted by the community. the bridge will be opened to the wider public.
This article aims to provide updates on these significant milestones, as well as offer detailed insights into upcoming events, including the highly anticipated AMPE launch and the upcoming Nabla launch (formerly known as 0xAmber). Brace yourself for an array of exciting developments in the coming weeks!
Spacewalk on Amplitude
At present there are few minor fixes being made on Spacewalk. Tokens currently available to be bridged on and off Spacewalk include the stablecoins: USDC, TZS and BRL along with and XLM (Stellar’s native token). To facilitate transactions on the Amplitude network, users utilize AMPE, the platform’s native token, to handle the payment of gas fees. Experience Spacewalk today here, or watch our demo video on YouTube to get a glimpse of its capabilities.
PEN Fiat Onramp
Upon the completion of the integration with AlchemyPay on and off ramps, individuals worldwide will have the ability to acquire PEN tokens directly with fiat currencies. This integration will be especially beneficial in countries where there is a demand to engage with exotic stablecoins, such as the Tanzanian Shilling (TZS) and the Brazilian Real (BRL). Users in these countries, who may not have access to centralized exchanges or decentralized exchanges, will now have the opportunity to conveniently purchase PEN tokens using fiat currencies.
AMPE Listing
AMPE is scheduled to be listed on the Zenlink Automated Market Maker (AMM) in August 2023. Prior to the listing will be the launch of a Liquidity Bootstrap Pool (LBP). During the LBP period, trading will be temporarily disabled, and the ratio between AMPE and KSM will be determined by the liquidity provided in each asset. Once the LBP concludes, trading functionality will be enabled. An Amplitude runtime upgrade will introduce the initial pair on Zenlink, along with relevant bootstrapping parameters. Further information on how to provide liquidity will be shared in the near future as well as updates on the upcoming PEN listing on Zenlink.
Ledger Live Integration
The integration of Ledger with the Pendulum ecosystem represents a significant upgrade in security for users. Users will be able to securely store their PEN tokens in a Ledger cold wallet which minimizes the risk of unauthorized access and potential attacks.
Spacewalk Launch on Pendulum
The launch of Spacewalk on Pendulum is a planned for September 2023. The thorough testing by the AMPE community of Spacewalk on Amplitude will provide the assurance of a robust and fully functional bridge ready for deployment on Pendulum. Once Spaewalk is live on Pendulum then the Nabla Forex-optimized AMM (formerly 0xAmber) can quickly proceed to launch.
Nabla (formerly 0xAmber) Launch
Recently, the 0xAmber Automated Market Maker (AMM) has undergone a rebranding and is now known as Nabla. Nabla Finance distinguishes itself as a Forex-optimized AMM, specifically categorized as a Proactive Market Maker (PMM). Presently, Nabla is undergoing a comprehensive security audit and is scheduled to launch on Pendulum in September after Spacewalk successfully goes live. With its innovative features such as single-sided liquidity provision, impermanent loss elimination, and oracle-guided pricing, Nabla aims to revolutionize stablecoin trading as well as facilitate the trading of real-world assets, providing deep liquidity to these markets. Learn more about how Nabla plans to put Forex trading onchain here.
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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