its very good, PENDULEUM and its colaboration with Stelar and their work in african countries say to us that is a high potential project

Great idea to add Pendulum to the Hydra DEX!!

Although the liquidity for Pendulum looks low and a very low percentage of the tokens have been distributed so far, so there's a risk of the token price swinging wildly. Therefore I'd suggest adding Pendulum via an "isolated pair" which is basically a normal DEX LP pair. The HydraDX trade router would still route trades from Pendulum to any other DEX listing. So you might want to choose a USDT/PEN or DOT/PEN pair and deposit the tokens to create the market. HydraDX governance is currently voting on a runtime upgrade that will allow permissionless pool creation.

[@spazcoin](7Nru8rAEfpb1TWkosCo55rxaDo9yXa5dCj5Wno698hkbrgez-hydradx) 

Thanks for your support and feedback :)

Could you help us understand if you think:
- there should be a specific liquidity threshold (in terms of CEX & DEX TVL or daily volume) required for entry into the Omnipool?
- there should be minimum % of tokens distributed to qualify for the Omnipool?

[@7PKF...FzUB](7PKFvttx6tkzerjJxESm7Bao5hggr7iawU2zWTtSoj7BFzUB-hydradx) There is no specific numbers on volumen, but should be liquid imo, rn the spread on mexc, for 2% is like 33% 

As for distribution, similar, I see it this way, having about 40% of tokens already on circ supply and the inflation/release is not very aggressive

  example if in the 3 months following the listing in the Omnipool, if have 20% circ supply and 20% of supply is released, thats mean 100% inflation since the listing

i would like to have that clarified
And if you think on do a xyk pool, i recommend do it with DOT since will be routed via Omnipool  the user not will notice it and is the most liquid asset on the eco,  and better for IL

And after of some months we can move that all liquidity to Omnipool 

Is there almost 20% of the supply in circulation right?

Could you tell us how aggressive the release of the rest of the supply is? at least until there is 40% in circulation. I.e will take 3 months or so?

So far I believe that it is better in an isolated pool, until there is a better distribution of the tokens

[@Jose Crypto](7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec-hydradx) 

At the moment, around 30m tokens are in circulation i.e. ~18% of the total issuance.
See Pendulum’s token stats API [here](https://api.pendulumchain.tech/v1/pendulum/token/stats/).

The vesting schedule table can be found under [this](https://pendulum.gitbook.io/pendulum-docs/learn/token-economics#id-98b0) section. About 40% of tokens are expected to be in circulation in about a year from now.

[@7JHN...nX1f](7JHNZE2wo7K5zaBju2uEwWkLJNBsTvUjekzVeTrVEKBYnX1f-hydradx) 

ok so is not an aggressive inflation, thats good

Do you know how many tokens you are planning to add as liquidity to the Omnipool? 100k, 150k, 200k $ worth of tokens?

[@Jose Crypto](7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec-hydradx) 
Yes, it was recommended to add at least $100k worth of liquidity and that's what we are planning at launch, along with incentivising liquidity from the community. 

[@7JHN...nX1f](7JHNZE2wo7K5zaBju2uEwWkLJNBsTvUjekzVeTrVEKBYnX1f-hydradx) yeah ok with not very aggressive release of tokens i will say that yeah put on the Omnipool 

An yes  will say that the min is 100k, but of course if can put a little more, will bring less slippage for the users
maybe 150k? 👀 if possible of course, so not need to incentive so much, since will be reliable liquidity that will stay on the Omnipool 

[@Jose Crypto](7NzNFJb2pfy2mZzdS2ky8okkXZL52fn2VAvAsc8jigvCtBec-hydradx) thanks for the support. 
We're certainly open to increasing the initial liquidity to $150 to help reduce the slippage further.

Is there an active block explorer / Subscan integration for Pendulum? Apart from Polkaholic and Calamar.

[@7Mdh...uNDv](7MdhKzwvPmvkNv1PQThTPMQLWrxBgKMqcwAJe6EEV2P9uNDv-hydradx) currently only Polkaholic

[@7PJU...Gptk](7PJUmo4UadKt5iK9uwqiXmUg5EhhEr73B1ZMGfYRFHzwGptk-hydradx) Polkaholic offline now, I see a major lack in transparency without an active block explorer.

Recommended to enter the isolation pool, for the following reasons:
- Lower percentage distributed so far
- "Insiders" have a very high percentage of currency holdings (50%)
- Liquidity is currently very low

[@PDMCNODE](7HppBPbFRFc2buhCgMDEFCn6L6HFrjuUKX1wWJR3dQiGe1nK-hydradx) 

1. Currently 16% is distributed excluding the governance-controlled tokens in the treasury, which is comparable to some of the other tokens already part of the Omnipool (e.g. ZTG and INTR).

2. If you're referring to the following accounts, these are multi-sig accounts controlled by the Pendulum council and tech committee members, and are allocated for specific purposes according to the initial token allocation: 

- Team allocation - 6gfLdZvfW2w6fDaPpVfUs53W8Aay17s1bjwcFaqDaBVt7Muo - 9.57% or 15.4m PEN
- Strategic sale reserve - 6cABSUjhvnGP6fHrs8LRtzbvrvG9o9AtA92aakSSYpPtjP58 - 7.76% or 12.5m PEN
- Crowdloan reserve (now Coretime reserve) - 6biLQnLREwRd9aSPiN9xxR2UDCPa1XL3ZSwqNUxNEr3QvGDk - 6.21% or 10m PEN
- Marketing - 6gKuTtzLBtgYyW3SP6jh7DnXbNU8fDVFG2AxHCLbGYqaspe7 - 6% or 9.8m PEN
- Liquidity Incentives 6eiGivQB9dtQUMs1VpxATipDYrewWSr4kGsvgjELgqnvRYyx - 4.9% or 7.9m PEN
 This totals to about 34% of the total supply. The plan of the Pendulum community and council is to migrate these funds to be directly controlled via the treasury with the rollout of OpenGov.

3. The token liquidity has improved with the recent availability on StellaSwap and Zenlink DEXes, and there are more CEX listings coming up later this year.


I think an isolated pull would be an alternative option. Which over time could be transferred to omnipool 

I agree with Vlady Limes, PDMCNODE, Spazcoin, and Jose that an isolated pool is the wiser choice for now given current conditions.

I'm in favor but don't like seeing polkabeat say your council is not democratic elected. Who is on your council? Also, can I ask what your Treasury is made up of at the moment? 

Question to the isolated pool folks... Isn't our risk exposure from PEN less than or comparable to ZTG? Why ZTG but not PEN - am I missing something?

[@amphibiousParakeet](7KejvRw4GZvVjFQEDefAsBRd9iaTjVeUWczB44Mgu8Bue8JW-hydradx) 
We consider the council feedback as an opportunity to democratise the governance of Pendulum, further. Currently the Pendulum council consists of the founding team members. The council will be diluted once Pendulum moves to OpenGov. 
The treasury was initially allocated 13% of the max supply i.e. 26m PEN, to fund product development and enhancements. It is controlled by the PEN holders.

Agree with amphibiousParakeet - I don't see any real difference between listing PEN and ZTG in the omnipool

Plus it is a bull run so I advocate for a risk-on approach otherwise the Polkadot ecosystem risks falling behind the rest 

Well if liquidity is a concern they do have a [$100k pen/dot pool on Zenlink](https://app.zenlink.pro/pool/pendulum:2094-2-1099511628544) right now btw, as well as liquidity on Stellaswap and MEXC. <a href="https://ibb.co/cNMCQf8"><img src="https://i.ibb.co/WcqPf8z/Screenshot-2024-03-18-at-8-35-47-PM.png" alt="Screenshot-2024-03-18-at-8-35-47-PM" border="0"></a>

hey sirs like @giraffe comments, before continuing with this proposal, it is necessary that an explorer is active, since polkaholic shut down

There is no way to see the tx on chain in an easily accessible portal, nor the distribution of tokens for example, etc

In addition to all of the comments so far, something we can do to limit risk in the Omnipool is to set a much lower cap on the amount of PEN in the Omnipool. Currently parachain tokens have been set at 5% across the board during initial Omnipool addition of Polkadot ecosystem tokens. But we're coming to the time when those limits will need to be tuned for all of the existing tokens. For PEN, I'd suggest a limit of **1.0%** if the team were to proceed with a governance proposal to list PEN in the Omnipool. I would still suggest starting with an isolated pool because low token distribution means PEN is vulnerable to manipulation and I assume you can't quickly change the distribution. But if you put this to a vote then at least a lower cap would reduce Omnipool risk and might swing some voters. Still need a block explorer first, though. 

Gm HydraDX community,

Following [positive feedback](https://pendulum.polkassembly.io/post/1) from the Pendulum community and the [acceptance of the HRMP channel between Pendulum and HydraDX](https://hydradx.subsquare.io/democracy/referenda/123), we are here to propose the inclusion of the PEN token to the Omnipool.

**PEN Overview**
The PEN token is the native currency for the Pendulum network, a parachain on Polkadot since February 2023. On March 13th, 2023, PEN was made available for trading on the [MEXC centralized exchange.](https://x.com/MEXC_Official/status/1635132406679343106?s=20) 

The utilities of the PEN token include:
- Paying for transaction fees on the Pendulum network
- Staking to decentralize the collator set
- Participating in governance

**Availability**
The token is available on:

CEX - [MEXC (as PENDULUM)](https://coinmarketcap.com/currencies/pendulum/#Markets)
DEX - [StellaSwap V3](https://app.stellaswap.com/exchange/swap)
DEX - [Zenlink (soon)](https://app.zenlink.pro/pool/pendulum:2094-2-1099511628544)

**Tokenomics**
Distribution diagram
![](https://i.postimg.cc/QMdr2qHJ/Pen-Hydra-DX-Token-Allocation-Overall-Detail-1600x900.png) 

[Click here](https://pendulum.gitbook.io/pendulum-docs/learn/token-economics) for further information on PEN tokenomics.  

**State of Pendulum’s governance**
Sudo was removed from the network at launch. Since then, the Pendulum ecosystem is governed by holders of PEN, the network’s native token. The network uses Gov1 with a council consisting of 6 members.

The Pendulum network is currently ~ 80% decentralized based on [this analysis](https://polkabeat.org/polkabeat/), and the team is committed to making improvements in that direction, including moving to Opengov in the future.

**Benefits** 
PEN availability in the Omnipool includes these benefits for the HydraDX community: 
- Risk Diversification: Integrating diverse assets like PEN into the Omnipool can spread risk by expanding users' exposure to different assets.
- Diverse Asset Range: Adding PEN diversifies HydraDX's offerings, providing more trade options and drawing users from varied blockchain backgrounds, including Stellar once Pendulum’s Spacewalk Bridge is live (likely this month).
- Increased Liquidity: The addition of PEN to the Omnipool injects new liquidity into the DEX, enhancing the overall market depth and minimizing slippage for traders.

We welcome any feedback and questions from the HydraDX community.

**About Pendulum**
[Pendulum](https://pendulumchain.org/) is building the missing link between fiat and DeFi through a stablecoin-optimized smart contract blockchain based on Polkadot’s Substrate SDK. Enabling traditional finance services to integrate with DeFi applications such as specialized Forex AMMs, lending protocols, and yield farming opportunities. Also facilitating DeFi dApps connecting their users to fiat liquidity through on/off ramping. Developed by [SatoshiPay](https://www.satoshipay.io/).

Key Links: [Twitter](https://twitter.com/pendulum_chain) | [Telegram](https://t.me/pendulum_community) | [Website](https://pendulumchain.org/) | [Docs](https://pendulum.gitbook.io/pendulum-docs/learn/readme) | [Medium](https://pendulum-chain.medium.com/)

Here is a summary of the SubSquare post about the inclusion of the PEN token to the Omnipool for a second-grade student:

- The PEN token is a type of money used on the Pendulum network.
- People can use PEN to pay for things on the Pendulum network, like transaction fees and governance.
- The PEN token is available on different exchanges, like MEXC and StellaSwap.
- The Pendulum network is governed by people who hold PEN tokens.
- Adding PEN to the Omnipool can help spread risk, provide more trade options, and increase liquidity.