Member Info for ragnarr

Looks very much like most have moved on here but for those interested the recent financials mentioned another dApp being incubated as well Nabla.fi

https://www.vortexfinance.co/

https://www.vortexfinance.co/

For info Pendulum have now been integrated with Mimir multisig wallet - not a biggie but further progress

https://app.mimir.global/

Also for info Nabla Beta testnet has launched on Base network and is also set to launch on Arbitrum network next week. It looks like thete gave been quite a few teething problems from Alpha testing but things look to be moving forward again.

https://arbitrum.io/

https://www.base.org/

Circle EURC Stablecoin is set to added to spacewalk and Pendulum Portal

https://www.circle.com/en/eurc

For info - Cycleflow Capital have recently invested in Nabla

https://cycleflow-capital.bullet.site/about-us/

Sorry - Never been in the business of predicting prices - early crypto projects like this can easily go stratospheric but can just as easily crash and burn. Now that Spacewalk is live (albeit still needing tweeks) and Nabla launching sometime in Q3 the next six months will give a better indication of gaining traction. The general Crypto market should see the next run upwards probably from around June/July so if PEN/NABLA is going to move it should Q3/4. From a personal point of view (as much as I like the project) if things havnt moved substantially by end of the year / early 2025 I will be moving out crypto in general as the top will have probably been hit.

All just my thoughts - no advice intended

And Pendulum has been requested to connect to Astar network which means PEN will soon be enabled on Arthswap

https://astar.network/

https://app.arthswap.org/

Just popped in to provide a little update although it looks like many have lost patience - cant blame them after the Dynasty debacle .

anyway - following on from the Q1 update (https://medium.com/pendulum-chain/pendulum-q1-2024-ecosystem-roundup-b6bb942fe3b0 ) - expecting nabla to announce Beta testing any day now and once completed Mainnet launch and NABLA TGE set for some time Q3 - there was a very small pre-sale event recently of $200k which was fully taken up.

Also Spacewalk bridge has been integrated into soroswap. finance (https://soroswap.finance/) which is a DEX on the Soroban smart contract platform (part of the stella network).

So all moving ahead nicely but probably far slower than many here would like :-0

🔥major announcement🔥

firstly, here are a few important points we covered on our discord ama last week:

for info - nabla announcement on telegram

🤟here comes the big announcement 🤟

⚡️soon, we will start a private pre-sale of $nabla, an invite-only opportunity for select kols and defi angels. as an extra goodie for the $amber point holders, you are invited to join this round on the same terms.

⚡️to join the pre-sale, you need to mint a special soulbound nft(sbt) that we will drop on april 10th.

https://www.coinvise.co/nablafi/pre-sale

⚡️the pre-sale allocation per wallet will be a minimum of 1000 usdc and a maximum of 5000 usdc.

⚡️kyc will be required, and citizens/residents of the following countries are excluded from participating: afghanistan, american samoa, angola, armenia, azerbaijan, balkans, belarus, bosnia and herzegovina, botswana, burma (myanmar), burundi, cambodia, cameroon, central african republic, chad, crimea of ukraine, cuba, democratic people's republic of korea, democratic republic of the congo, eritrea, ethiopia, ghana, guam, guinea, guinea-bissau, haiti, iran, iraq, laos, lebanon, liberia, libya, madagascar, mali, mozambique, nicaragua, northern mariana islands, ****stan, puerto rico, republic of the congo, russia, somalia, south sudan, sri lanka, sudan, syrian arab republic, tajikistan, trinidad and tobago, turkmenistan, uganda, united states, uzbekistan, vanuatu, venezuela, virgin islands (u.s.), yemen, and zimbabwe.

⚡️since this is a private round, we can not share the details publicly (for legal reasons) and will share them only with the sbt holders interested in joining.

SlowRoll - I am still holding here but not looking in so much as the vast majority of my portfolio is in crypto now and obviously performing much better than BLU. The dynasty debacle was outrageous and but I still firmly believe Pendulum/Nabla/spacewalk will come good.

Slug - re timescale for Pendulumpay the MVP has already been developed for testing Q3 Last year - Roadmap shows versions launching this Half - obviously could be delayed but unlikely 2 years.

Regarding the actual project Pendulumpay does have huge potential. One of the biggest barriers for the masses entering the crypto space is user-friendly fiat/crypto entrance platform - see the nearest model as something like alchemy-pay (https://alchemypay.org/)

Of course they still have to get it done and do it right but in principle it all makes a lot of sense to me.

Https://allincrypto.com/alex-wilkey-the-co-founder-of-pendulum-revolutionizing-cross-border-payments/

Looking Ahead: Pendulum Pay and Broader Adoption

Looking forward, Pendulum plans to launch Pendulum Pay, a platform aiming to simplify the process of on-ramping into the crypto space. This development is particularly exciting as it promises to bring Pendulum’s vision closer to reality, making blockchain-based financial services accessible to a broader audience, including small and medium-sized enterprises (SMEs).

BTC and the general crypto market has clearly entered the bull market with many already multiplying but on the whole Defi hasn’t caught up and in particular the Polkadot ecosystem has (at present) been left behind only making small gains by comparison - For example BTC has now pretty well reclaimed its all time high when DOT remains under 10USD when its ATH was 54USD.

General consensus is with Polkadot 2 launch this should change with related parachain coins catching up as well - Could/should be good for PEN/NABLA

Bernstein analysts predict a defi comeback.

https://www.theblock.co/post/280396/big-bang-defi-comeback-bernstein?utm_source=twitter&utm_medium=social

Https://medium.com/pendulum-chain/january-2024-ecosystem-roundup-fed50f580919

Pendulum opening up a channel with Hydra DX

This proposal aims to complete the first of many steps required to open a bi-directional HRMP channel between Pendulum and HydraDX.

Initially, its primary function will be to facilitate the movement of PEN tokens across both networks. However, the scope could broaden to include additional applications such as incorporating PEN into HydraDX's liquidity pools.

https://pendulum.polkassembly.io/referendum/18

https://hydradx.io/

Slug - I have to disagree with your perspective of the Pendulum leadership. From my personal experience, the people involved are completely dedicated to realising their fiat-defi vision of Pendulum and the potential it has. However i do understand your reluctance to accept this. As a person of a certain age it has taken some time try to understand the way of thinking of the completely new concept of crypto and the mindset of the people progressing this ‘brave hew world’.

Whether they are right or wrong I do not question their commitment.

Over on the Pendulum discord channel there was a really good explanation posted of what Spacewalk is aiming to achieve - thought some here may be interested in it.

When referring to Spacewalk as "Trust-Minimized," it signifies that the bridge reduces the amount of trust placed in any single entity during the bridging process. This translates to several advantages compared to traditional bridges:

Reduced reliance on centralized parties: In conventional bridges, a central authority often controls crucial aspects like asset custody and transaction validation. This introduces a potential vulnerability if the central party is compromised or malfunctions. Spacewalk aims to minimize this reliance through:

Multi-signature threshold: Transactions require approval from multiple independent validators, distributing trust and preventing any single entity from manipulating the bridge.

Decentralized oracle network: Price feeds and other data used for bridging come from multiple independent oracles, reducing reliance on a single source of information.

Open-source code: The codebase is publicly available, allowing anyone to inspect and verify its functionality, fostering transparency and community trust.

Enhanced security: By minimizing trust in any single entity, Spacewalk aims to make it more difficult for attackers to exploit vulnerabilities. Additionally:

Formal verification: Critical parts of the code undergo rigorous formal verification processes, mathematically proving their correctness and reducing the risk of hidden bugs.

Post-quantum cryptography: Spacewalk utilizes advanced cryptography resistant to future advancements in computing power, making it more secure against potential attacks in the long run.

Potential benefits over other bridges:

Increased trust and transparency: Reducing reliance on centralized entities can make users feel more secure about their assets and the overall fairness of the bridge.

Enhanced security: The combination of trust minimization and advanced security measures could potentially make Spacewalk more resistant to attacks than traditional bridges.

Decentralized future: Spacewalk's focus on decentralization aligns with the broader trend of Web3 and DeFi, potentially making it a well-positioned bridge for future developments.

However, it's important to remember:

Spacewalk is still under development: While promising, it's crucial to acknowledge its relative novelty and the inherent risks associated with using any new technology.

Trade-offs might exist: Minimizing trust can sometimes lead to trade-offs in terms of efficiency or scalability. Thorough research is essential before using any bridge.

I hope this explanation clarifies the meaning of "Trust-Minimized" in the context of Spacewalk and highlights its potential advantages. Remember, conducting your own research and understanding the associated risks are crucial before using any bridge or engaging in any DeFi activity.

Testnet Alpha finished - another step forward

https://app.nabla.fi/

Reddit - lol -:)

Coinbase have just released a report ‘The staye of crypto - fairer, cheaper, faster every day finance’

Interesting read

https://assets.ctfassets.net/c5bd0wqjc7v0/21anp1rDnuWmZ0goVRaAJR/d72543996c34bd25aaa33bf3ece4ac2c/Q4_2023_State_of_Crypto_-FINAL_2.5.24-.pdf