Paloma daily announcements 02/04/2025

PALOMA DAILY ANNOUNCEMENTS 2/04/2025

COO! COO! Coongratulations flock! We are day TWO into ongoing testing and fixes for Paloma USD (PUSD), our first cross-chain stable backed by USDT. This work is both integration testing of Paloma’s cross-chain token factory capabilities as well as Paloma’s first stablecoin launch for Paloma’s Got Talent. Testing continues on Arbitrum: Deposit and minting works. Withdrawal and burns undergoing debugging and tests. New PIP 120 with Vote 163 was launched to reduce the cost of minting Paloma tokens from 10 GRAINs to 0.0001 GRAINs in the emergency 24-hour vote.

PIP-120 UPDATE PALOMA TO LOWER COST TO CREATE DENOM WITH VOTE 163 LIVE

While testing Paloma’s new token denom, we ran out of GRAINs, creating bird poop-coins on the mainnet. This led to PIP-120 and the goal to reduce the cost of creating GRAINs from 10 GRAIN to 0.0001 GRAINs. The Paloma community pool will subsidize the GRAIN costs for token creation. We are still surprised at how much work we have taken to mint tokens and then allow them to execute across chains automatically. However, any token on Paloma now lives on any other chain automatically.

Voting instructions for LightNode users are as follows:

Mac & Linux:

sh ~/Downloads/setup.sh vote-proposal 163 yes

Windows:

docker ****run --rm --pull=always -ti -v $env:USERPROFILE\\\\paloma-lightnode:/root/lightnode palomachain/lightnode-client:v2 vote-sproposal 163 yes

PALOMA GOT TALENT GETS ITS TOKEN TRADING CHARTS WITH TRADING VIEW

The Paloma Protocol Team continues to work on data infrastructure for 1-second trading of Paloma’s Got Talent trading tokens. The data infrastructure will allow the Paloma team to bring TradingView charts to all Paloma-launched Talent AI tokens.

PALOMA’S GOT TALENT AI LAUNCHPAD FOR FEBRUARY 7, 2025

PALOMA’s GOT TALENT AI LaunchPad is still scheduled for soft launch on February 7 with our alpha. There will be bugs and several issues, but we’re excited to have the community help us upgrade/fix and improve. All launched tokens will pay 70% trading fees to the creator on the bonding curve and PalomaDEX AMM. 30% of trading fees will return to Paloma’s Grain/PUSD pool to support GRAIN token liquidity.

GET FLYING WITH THE LATEST

Chain-id name: `tumbler’

Latest versions: Paloma v2.4.5 & Pigeon v2.3.3 and Compass v2.0

Mainnest - tumbler; Testnet - paloma-testnet-16

Mainnest Chains: ETH, BNB, MATIC, OP, BASE, GNOSIS, ARBITRUM

:nest_with_eggs: 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.

PALOMA DAILY ANNOUNCEMENTS 2/03/2025

COO! COO! Coongratulations flock! Welcome to February and Paloma v2.4.5. Volume’s team was able to test the execution of scheduling jobs to bridge automatically created tokens to the EVM. Volume’s team is still testing the Paloma USD CW manager to launch PUSD, backed by USDT on all target chains. Also, work continues on Paloma’s Open Source ETL layer for Paloma trading data on Paloma Dex and Paloma’s Got Talent Bonding Curve AMM. This will be released at the end of this week. We are still targeting February 7 to launch Paloma’s Got Talent and the launch of cat tokens!

PALOMA USD (PUSD) Stablecoin Backed by USDT Testing on Paloma v2.4.5

Tests continue on Paloma’s stablecoin, PUSD. At launch, anyone can mint PalomaUSD using any token on all Paloma-supported chains. Users can deposit USDT on any chain and mint PUSD on Paloma. PUSD will be the best token for Paloma’s Got Talent AI tokens on the Paloma’s Got Talent token Launchpad. PUSD will also be the base trading token for GRAIN on PalomaDex.

PALOMA GOT TALENT GETS ITS TOKEN TRADING CHARTS WITH TRADING VIEW

The Paloma Protocol Team continues work on data infrastructure for 1 second trading of Paloma’s Got Talent trading tokens. The data infrastructure will allow the Paloma team to bring TradingView charts to all Paloma launched Talent AI tokens.

PALOMA’S GOT TALENT AI LAUNCHPAD FOR FEBRUARY 7, 2025

PALOMA’s GOT TALENT AI LaunchPad is still scheduled for soft-launch on February 7 with our alpha. There will be bugs and a number of issues, but we’re excited to have the community help us upgrade/fix and improve. All launched tokens will pay 70% trading fees to the creator on the bonding curve and PalomaDEX AMM. 30% of trading fees will go back to Paloma’s Grain/PUSD pool to support GRAIN token liquidity.

GET FLYING WITH THE LATEST

Chain-id name: `tumbler’

Latest versions: Paloma v2.4.5 & Pigeon v2.3.3 and Compass v2.0

Mainnest - tumbler; Testnet - paloma-testnet-16

Mainnest Chains: ETH, BNB, MATIC, OP, BASE, GNOSIS, ARBITRUM

:nest_with_eggs: 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.