What is Pendulum Chain ($PEN)?
Pendulum is an interoperable blockchain that aims to bridge the gap between traditional finance and the DeFi ecosystem. The network leverages a forex-optimized smart contract DeFi network, which allows for the seamless integration of traditional finance services with DeFi applications. This includes an forex automated market makers, lending protocols, and yield farming and a trust minimized Stellar<>Polkadot bridge.
Pendulum operates on Polkadot's Substrate framework, which enhances security and multi-chain interoperability. As a key piece of Web3 infrastructure, Pendulum aims to unlock DeFi use cases for fiat currencies. The mission of Pendulum is to create an open financial future that transcends geographical borders and promotes economic inclusivity.
PEN is the native token of Pendulum. PEN utilities include powering transactions as the gas token on Pendulum as well as governance and staking.