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/)

#169 Adding PEN to the Omnipool