Pendulum Grant Program

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

AMM
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.
On/Off-ramps
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.

A list of projects we're looking to fund

Name

Description

Amount

General purpose AMM

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.

TBD

Leading 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.

TBD

Stable fiat tokens

Pendulum aims to attract a varied basket of fiat tokens. We want teams/ companies that are building transparent, robust, and scalable fiat tokens to bring their tokens to Pendulum or build it on Pendulum itself. Special preference would be given to those that have on/ off ramping to banking world.

TBD

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.

TBD

Decentralized custodianship

Managing secret keys is still one of the biggest pains of the world of crypto. Teams that work on solving this UX challenge in a decentralized, trustless manner are welcome to apply for this grant.

TBD

On/Off-ramps

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.

TBD

Money streaming service

Real-world DeFi is Pendulum’s core mission — it should be possible to pay salaries and bills like one would in TradFi to anybody, anywhere on the globe. We want to support a team that is building something like Spritz Finance on Pendulum

TBD

Financial support

Footprint in the DotSama ecosystem

Building up your own reputation