Pendulum Grant Program
💡The Pendulum Grants Program provides funding to support initiatives that will help establish the missing link between fiat and DeFi ecosystems. If you’d like to learn more about Pendulum, please check out our developer hub, documentation and community, or reach out to us directly.
Pendulum is an open-source blockchain that aims to establish the missing link between fiat and DeFi ecosystems through a fiat-optimized smart contract blockchain. Pendulum is built with Substrate and will allow for the connection of DeFi applications to the foreign exchange market, the building of automated market makers (AMMs), the introduction of scalable liquidity pools for fiat currencies, yield earning opportunities for fiat token holders and more.
Projects we’re looking to fund
General purpose AMM is one of the most critical element in DeFi. We would like to see if someone could either develop an AMM with unique offering or rewrite one of the popular open-source AMMs (Curve, Uniswap) in Wasm or as a Substrate pallet.
- Lending protocol
One of the way to attract liquidity on the blockchain is to build a lending protocol. So, hence we would like to see a lending protocol being built on Pendulum and help lock the liquidity especially the fiat liquidity and also provide safe, secure and sustainable avenues for the fiat token holders to put their fiat tokens to work.
- Stable fiat tokens
Pendulum aims to attract a varied basket of fiat tokens. We want teams/companies that are building transparent, robust, and stable fiat tokens to bring their tokens to Pendulum or or build it on Pendulum itself. Special preference would be given to those have on/off ramping to the banking world.
- Yield optimizer
Yield optimising is all about providing lucrative opportunities to liquidity providers to obtain high APYs on their LP tokens. We have seen yearn.finance and beefy.finance doing phenomenal work on these fronts. Pendulum would like to similar kind of yeild optimizer being built on it which develops innovative high yield earning strategies.
Connecting banks to Pendulum is one of our critical infrastructure need. We want reliable on/off ramps that help us in building this connection with the regional banks.
Submit the grant application below. You can keep it short and simple at this stage. Share anything that you find relevant
Your proposal will be reviewed by the Pendulum team.
Once a decision is made, we will get back to you with the status of your application and next steps
Milestone plannings and deliverables