## TL:DR

This batched proposal is to Open/Accept an HRMP channel with Pendulum NETWORK and Register Asset xcPEN. Forum post [here](https://forum.moonbeam.network/t/proposal-32-pendulum-proposal-to-open-accept-an-hrmp-channel-with-pendulum-and-register-xcpen).



## Summary

We propose to open a bi-directional channel between Moonbeam and Pendulum and to register Pendulum’s native currency PEN as xcPEN.

Primarily, this strategic move would ensure that native tokens and stablecoins on Pendulum are made available on Moonbeam’s Stellaswap DEX.

Through its integration with Pendulum, it will initially introduce a PEN-DOT liquidity pool. Future plans also include the addition of more liquidity pools between native tokens and stablecoins, including an EUR-USDT pool, enhancing interoperability between both ecosystems. The proposal also includes the Pendulum asset registration as xcPEN.







## On-Chain Proposal Reference

`0x5073f791cdb9bd4e4b092bea9a4062fa3b592fea419c1c3782fef6c19a2d3ee5`


## Technical details:

Pendulum already has an open HRMP channel request to Moonbeam on Polkadot, see [here](https://polkadot.subscan.io/xcm_channel/2094-2004).
```
[
  {
    sender: 2,094
    recipient: 2,004
  }
]
	{
	  confirmed: false
	  age: 0
	  senderDeposit: 100,000,000,000
	  maxMessageSize: 102,400
	  maxCapacity: 1,000
	  maxTotalSize: 102,400
	}
]
```
The on-chain proposal on Moonbeam does:

1. Accept Pendulum’s open HRMP channel request
2. Request to open an HRMP channel to Pendulum
3. Register xcPEN on Moonbeam

xcPEN has the following metadata:
```
Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2094 }, { PalletInstance: 10 } ] }}
Decimals: 12
Name: Pendulum
Symbol: xcPEN
```

and furthermore:
```
Asset ID: 45647473099451451833602657905356404688
XC-20 address: 0xffffffff2257622f345e1acde0d4f46d7d1d77d0
```

The hex-encoded call data for the call executed by the proposal is:
```
0x1e020c6b09002e080000e803000000900100010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008006b09012e080000010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008001e0008690000010200b920040a2050656e64756c756d14786350454e0c000100000000000000000000000000000001690100010200b920040a00087e93371c010000000000000000001f000000
```

## TL:DR

This batched proposal is to Open/Accept an HRMP channel with Pendulum NETWORK and Register Asset xcPEN



## Summary

We propose to open a bi-directional channel between Moonbeam and Pendulum and to register Pendulum’s native currency PEN as xcPEN.

Primarily, this strategic move would ensure that native tokens and stablecoins on Pendulum are made available on Moonbeam’s Stellaswap DEX.

Through its integration with Pendulum, it will initially introduce a PEN-DOT liquidity pool. Future plans also include the addition of more liquidity pools between native tokens and stablecoins, including an EUR-USDT pool, enhancing interoperability between both ecosystems. The proposal also includes the Pendulum asset registration as xcPEN.







## On-Chain Proposal Reference

`0x5073f791cdb9bd4e4b092bea9a4062fa3b592fea419c1c3782fef6c19a2d3ee5`


## Technical details:

Pendulum already has an open HRMP channel request to Moonbeam on Polkadot, see [here](https://polkadot.subscan.io/xcm_channel/2094-2004).
```
[
  {
    sender: 2,094
    recipient: 2,004
  }
]
	{
	  confirmed: false
	  age: 0
	  senderDeposit: 100,000,000,000
	  maxMessageSize: 102,400
	  maxCapacity: 1,000
	  maxTotalSize: 102,400
	}
]
```
The on-chain proposal on Moonbeam does:

1. Accept Pendulum’s open HRMP channel request
2. Request to open an HRMP channel to Pendulum
3. Register xcPEN on Moonbeam

xcPEN has the following metadata:
```
Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2094 }, { PalletInstance: 10 } ] }}
Decimals: 12
Name: Pendulum
Symbol: xcPEN
```

and furthermore:
```
Asset ID: 45647473099451451833602657905356404688
XC-20 address: 0xffffffff2257622f345e1acde0d4f46d7d1d77d0
```

The hex-encoded call data for the call executed by the proposal is:
```
0x1e020c6b09002e080000e803000000900100010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008006b09012e080000010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008001e0008690000010200b920040a2050656e64756c756d14786350454e0c000100000000000000000000000000000001690100010200b920040a00087e93371c010000000000000000001f000000
```

Pendulum Proposal to Open/Accept an HRMP channel with Pendulum and register xcPEN

## TL:DR

This batched proposal is to Open/Accept an HRMP channel with Pendulum NETWORK and Register Asset xcPEN



## Summary

We propose to open a bi-directional channel between Moonbeam and Pendulum and to register Pendulum’s native currency PEN as xcPEN.

Primarily, this strategic move would ensure that native tokens and stablecoins on Pendulum are made available on Moonbeam’s Stellaswap DEX.

Through its integration with Pendulum, it will initially introduce a PEN-DOT liquidity pool. Future plans also include the addition of more liquidity pools between native tokens and stablecoins, including an EURC-USDT pool, enhancing interoperability between both ecosystems. The proposal also includes the Pendulum asset registration as xcPEN.







## On-Chain Proposal Reference

`0x5073f791cdb9bd4e4b092bea9a4062fa3b592fea419c1c3782fef6c19a2d3ee5`


## Technical details:

Pendulum already has an open HRMP channel request to Moonbeam on Polkadot, see [here](https://polkadot.subscan.io/xcm_channel/2094-2004).
```
[
  {
    sender: 2,094
    recipient: 2,004
  }
]
	{
	  confirmed: false
	  age: 0
	  senderDeposit: 100,000,000,000
	  maxMessageSize: 102,400
	  maxCapacity: 1,000
	  maxTotalSize: 102,400
	}
]
```
The on-chain proposal on Moonbeam does:

1. Accept Pendulum’s open HRMP channel request
2. Request to open an HRMP channel to Pendulum
3. Register xcPEN on Moonbeam

xcPEN has the following metadata:
```
Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2094 }, { PalletInstance: 10 } ] }}
Decimals: 12
Name: Pendulum
Symbol: xcPEN
```

and furthermore:
```
Asset ID: 45647473099451451833602657905356404688
XC-20 address: 0xffffffff2257622f345e1acde0d4f46d7d1d77d0
```

The hex-encoded call data for the call executed by the proposal is:
```
0x1e020c6b09002e080000e803000000900100010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008006b09012e080000010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008001e0008690000010200b920040a2050656e64756c756d14786350454e0c000100000000000000000000000000000001690100010200b920040a00087e93371c010000000000000000001f000000
```

## TL:DR

This batched proposal is to Open/Accept an HRMP channel with Pendulum NETWORK and Register Asset xcPEN



## Summary

We propose to open a bi-directional channel between Moonbeam and Pendulum and to register Pendulum’s native currency PEN as xcPEN.

Primarily, this strategic move would ensure that native tokens and stablecoins on Pendulum are made available on Moonbeam’s Stellaswap DEX.

Through its integration with Pendulum, it will initially introduce a PEN-DOT liquidity pool. Future plans also include the addition of more liquidity pools between native tokens and stablecoins, including an EURC-USDT pool, enhancing interoperability between both ecosystems. The proposal also includes the Pendulum asset registration as xcPEN.







## On-Chain Proposal Reference

`0x5073f791cdb9bd4e4b092bea9a4062fa3b592fea419c1c3782fef6c19a2d3ee5`


## Technical details:

Pendulum already has an open HRMP channel request to Moonbeam on Polkadot, see [here](https://polkadot.subscan.io/xcm_channel/2094-2004).
```
[
  {
    sender: 2,094
    recipient: 2,004
  }
]
	{
	  confirmed: false
	  age: 0
	  senderDeposit: 100,000,000,000
	  maxMessageSize: 102,400
	  maxCapacity: 1,000
	  maxTotalSize: 102,400
	}
]
```
The on-chain proposal on Moonbeam does:

1. Accept Pendulum’s open HRMP channel request
2. Request to open an HRMP channel to Pendulum
3. Register xcPEN on Moonbeam

xcPEN has the following metadata:
```
Multilocation: { parents: 1, interior: { X2: [ { Parachain: 2094 }, { PalletInstance: 10 } ] }}
Decimals: 12
Name: Pendulum
Symbol: xcPEN
```

and furthermore:
```
Asset ID: 45647473099451451833602657905356404688
XC-20 address: 0xffffffff2257622f345e1acde0d4f46d7d1d77d0
```

The `setAssetUnitsPerSecond` was calculated using a token price of $0.08, targeting a XCM transaction cost of 0.02$. (see [here](https://www.mexc.com/exchange/PENDULUM_USDT?_from=market))

The hex-encoded call data for the call executed by the proposal is:
```
0x1e020c6b09002e080000e803000000900100010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008006b09012e080000010301000100e40b5402000000000000000000000002286bee02000400010700863ba101020008001e0008690000010200b920040a2050656e64756c756d14786350454e0c000100000000000000000000000000000001690100010200b920040a00087e93371c010000000000000000001f000000
```

Send a batch of dispatch calls and atomically execute them.
The whole transaction will rollback and fail if any of the calls failed.

May be called from any origin except `None`.

- `calls`: The calls to be dispatched from the same origin. The number of call must not
  exceed the constant: `batched_calls_limit` (available in constant metadata).

If origin is root then the calls are dispatched without checking origin filter. (This
includes bypassing `frame_system::Config::BaseCallFilter`).

## Complexity
- O(C) where C is the number of calls to be batched.

- Problem Statement: Opening a bi-directional channel between Moonbeam and Pendulum and registering Pendulum's native currency PEN as xcPEN.
- Audience: Moonbeam and Pendulum communities.
- Significance: Enhancing interoperability between Moonbeam and Pendulum ecosystems, making native tokens and stablecoins on Pendulum available on Moonbeam's Stellaswap DEX.
- Proposed Solution: Accept Pendulum's open HRMP channel request, open an HRMP channel to Pendulum, and register xcPEN on Moonbeam.
- Expected Outcomes: Introduction of a PEN-DOT liquidity pool, addition of more liquidity pools between native tokens and stablecoins, and improved interoperability between Moonbeam and Pendulum ecosystems.

#32 Pendulum Proposal to Open/Accept an HRMP channel with Pendulum and register xcPEN

No Active Proposals