PALOMA DAILY ANNOUNCEMENTS 1/6/2025
COO! COO! Full Day back with Paloma and Volume teams working on new features for Paloma’s got Talent. Today we focus on upgrading Cosmwasm Handlers for Skyway Paloma Bridge as well as support for legacy Cosmwasm jobs scheduling on Paloma.
PALOMA COSMWASM BINDINGS UPGRADES CONTINUE FOR V2.4.2
COO! COO! The Paloma protocol engineering team kicks off the week with further upgrades to paloma coswmasm automation of token creation and token bridging for AI applications. Paloma v2.4.2 will arrive on Thursday with upgrades planned for the following Monday as our usual upgrade schedule. This upgrade will include Skyway bridge Cosmwasm handlers so that Cosmwasm contracts can automatically bridge tokens invoked by on-chain AI inference.
This is especially important for Paloma’s Got Talent AI token launcher as well as users will be launching new tokens on Paloma on the fly and without the need for GRAINs.
PALOMA USD (PUSD) will be pegged to USDT FOR PALOMA GOT TALENT
Paloma USD (PUSD) will be pegged from USDT secured by the Paloma validator set on any supporting EVM chain. Paloma USD will generate native yield using Palomabot’s Aave yield chaser bot. Paloma USD native yield will be a maximum proposed of 4% APY.
PALOMA TRANSACTION FEES: PALOMA WILL BE REMOVING TRANSACTION FEES, BUT KEEP GAS.
Paloma GRAIN token requires massive usage in order for the chain to be competitive in the blockchain EVM and Cosmos space. Cosmos transaction fees, payable to validators, hurt the ability of the protocol to compete against low-gas fee L2s. Paloma protocol team will be moving towards creating a module to remove transaction fees via governance. This will also help validators suffering transaction fee consumption on relay transactions activity. Paloma will still keep gas as anti-spam feature for the chain.
GET FLYING WITH THE LATEST
Chain-id name: `tumbler’
Latest versions: Paloma v2.4.1 & Pigeon v2.3.3 and Compass v2.0
Mainnest - tumbler; Testnet - paloma-testnet-16
Mainnest Chains: ETH, BNB, MATIC, OP, BASE, GNOSIS, ARBITRUM
Paloma Nest Wallet v 1.4.1 (beta)
JOIN THE VOLUME AND PALOMA TEAMS
Volume & Paloma are hiring! See our job description live here:
https://volume.finance/careers/
REMINDER:
Paloma is open-source software. You are responsible for your private key security on Paloma Chain, Ethereum Mainnet, BNB Chain, Optimistic Ethereum, Base, Gnosis, and Polygon Mainnet. Please secure your keys and do not share any personally identifiable information in the chat when posting screenshots. Please do not ask the Volume team for tokens.