Hello, World!

We’re excited to announce that we have received an R&D grant from Stellar Development Foundation to start the development of Pendulum - a second-layer blockchain that aims to connect Stellar to the wider DeFi ecosystem by introducing smart contracts to Stellar.

Read the full announcement here:

https://medium.com/@SatoshiPay/satoshipay-receives-r-d-grant-from-stellar-for-pendulum-blockchain-eca0cbb7c397

Watch out - none of the tokens named "pendulum" that are out there right now are affiliated with us! Take care and follow our official channels for updates.

Introducing Pendulum blockchain: how it works, bridges and use cases:

https://pendulum-chain.medium.com/introducing-pendulum-smart-blockchain-connecting-fiat-and-defi-6d2dc06e7055

As we near the completion of the prototype, we want to share our progress, learnings, and plans for the future.

Read about how we build Pendulum with Substrate:

https://pendulum-chain.medium.com/building-pendulum-framework-stellar-bridge-and-nodes-e7edabaeabee

We just finished testing the interaction between Stellar and Pendulum nodes.
Watch Pendulum-Stellar bridge in action!

We are excited to present the Pendulum AMM prototype demo!

https://www.youtube.com/watch?v=HHQOADY0sh4

The demo includes:

✅ Transferring funds from Stellar to Pendulum and creating an account on Pendulum
✅ Deploying smart contracts for an automated market maker using Substrate. Creating a liquidity pool of two stablecoins
✅ Swapping 2 assets on the Pendulum testnet using bridge account and transferring funds back to Stellar from Pendulum

Pendulum prototype documentation is fresh off the press! 🥳

Try out the testnet proof-of-concept with this step-by-step guide: https://pendulumchain.org/docs

We are excited to announce our roadmap!

https://pendulum-chain.medium.com/pendulum-roadmap-testnet-mainnet-and-beyond-9d4383f810e2

The Prototype includes:
✅ Single-node network and Stellar bridge
✅ Stellar bridge that mirrors pre-defined Stellar assets
✅ Automated market maker (AMM) written in the ink! smart contract language

Testnet alpha will include:
- Faucet for Pendulum gas tokens
- Multi-node network
- Decentralized bridge to Stellar that is able to mirror any arbitrary Stellar asset
- Docker image for easy node deployment

Testnet beta will include:
- Fully decentralized and dynamic Stellar bridge
- Governance mechanism
- Integration with the Kusama/Polkadot testnet network(s)

For a successful mainnet launch, the network must be entirely decentralized and robust. The Stellar bridge must support an arbitrary number of nodes, the network must support a certain throughput level, and the governance structures in place. The Pendulum mainnet will integrate with the Polkadot/Kusama ecosystem, which gives access to some of the most exciting opportunities in the DeFi space today.

A deep dive into building blockchain bridges by our CTO Torsten Stüber ⬇️

Learn how we built Stellar-Pendulum bridge and the approaches to building blockchain bridges, covering XCLAIM, RenVM, Musig, and Stellar Turrets

https://pendulum-chain.medium.com/building-blockchain-bridges-a-stellar-pendulum-bridge-case-study-7ca108032e40

Pendulum completes $5m private sale to connect fiat to DeFi

https://pendulum-chain.medium.com/pendulum-completes-5m-private-sale-to-connect-fiat-to-defi-56092a0506e9

Check out our new testnet demo with the updated UI - including the one-click account set up! 🪄🤩

You will be able to test it yourself very soon! 🚀

https://meridian.stellar.org/demos/pendulum/

Watch Meinhard Benn discussing AMMs and Pendulum at Stellar's Meridian Conference:

"With a generic smart contract platform like Pendulum, it is possible to build AMMs, ERC20 token support, NFT royalties, loan applications, oracles, or voting implementations.

Stellar's approach to building features like AMM into the core protocol offers higher overall stability, but also requires updates to all network nodes at every small code change"

https://www.youtube.com/watch?v=AJPrxjU8i-c&list=PLmr3tp_7-7Gh3ErjcEGUGxFOADigjjmCj

Pendulum prototype is ready for testing! 🚀

Try it out:

👉https://playground.pendulumchain.org 👈

Playground guide:

https://satoshipay.notion.site/Pendulum-UI-Playground-guide-9a94878e363144558d96e404b9d09c62

Send feedback:

https://pendulumchain.org/contact
https://github.com/pendulum-chain/

We are hiring! With several new hires in the past month, we are excited to continue growing our team to make things happen in 2022!

Pendulum is looking for new team members for tech and marketing roles:

- Substrate Engineer
- Blockchain Developer (Rust + Web UI)
- Communication Manager
- Community Manager
- Graphic Designer

Apply: https://pendulumchain.org/jobs

We are excited to welcome Daniel Kisluk as the new CMO of Pendulum! 🥳

With 15 years of marketing strategy and leadership experience in crypto and tech, Daniel will help Pendulum grow globally! 🚀

Stay tuned for more exciting things to come!

Please give a warm welcome to our new blockchain developers Suman and Justin!

We are thrilled to have such experienced talents in our team to keep building Pendulum!

Please welcome our community manager Jonathan @Twozero0!

https://twitter.com/pendulum_chain/status/1494229704165007369