PALOMA DAILY ANNOUNCEMENTS 2/06/2025
COO! COO! Flock, we have some news. While testing the movement of 1 Billion GRAINs from Base to Paloma, we discovered a bug in the Skyway Bridge balance calculation that prevented Paloma from sending ERC20 GRAINs successfully to the chain. This bug requires that we upgrade Paloma’s ERC20 contract. This upgrade is now in Seven (7) votes. Please vote. Also, this change means that 1.33 Billion GRAINs from the Foundation will need to be burned on Base and minted on Paloma via an upcoming upgrade to Paloma. Because of this minting and GRAIN ERC20 issue, we will not make our February 7 launch date for Paloma’s Got Talent due to this bug/issue. However, PUSD is working!
PIP-121 UPDATE PALOMA-ERC20 CONTRACTS TO FIX BALANCE BUG
While testing incoming deposits of ERC20 tokens on Paloma, we uncovered a bug in the balance calculation. This bug required updating the Paloma ERC20 blueprint contract and redeploying the contract to Paloma for all Grain tokens. Seven votes were created with the PIP-121 for the vote to address registration of the new ERC20 contract on all chains. Please vote proposals 171, 172, 173, 174, 175, 176, 177
Voting instructions for LightNode users are as follows:
Mac & Linux:
sh ~/Downloads/setup.sh vote-proposal 171 yes
Windows:
docker ****run --rm --pull=always -ti -v $env:USERPROFILE\\\\paloma-lightnode:/root/lightnode palomachain/lightnode-client:v2 vote-sproposal 171 yes
PALOMA WILL SCHEDULE VOTE TO BURN 1.3 BILLION GRAINS ON BASE AND MINT ON PALOMA
1.3 Billion Ecosystem GRAINs on BASE that were part of the Paloma’s Foundation Ecosystem Pool will be burned on BASE. The GRAINs were unable to be brought back to Paloma via the Skyway Bridge due to a balance bug in the PalomaERC20 design. That token design was fixed and new tests will be included with an upgrade to the protocol to unlock the 1.3 Billion Grains on Paloma via a new mint. This one-time mint will be removed from Paloma after a vote to approve the mint action. The minted GRAINs will then be used as a pool for GRAINs/PUSD on PalomaDex.
PALOMA USD IS LIVE ON PALOMA AND ALL EVM CHAINS! COO! COO!
The Volume and Paloma team successfully completed testing of Paloma USD (PUSD) backed by Tether’s USDT stable on all target chains. This means that anyone on Paloma can now use PUSD, backed by USDT on any target chain to trade against tokens and to fund AI agents on Paloma. PalomaUSD can be minted by anyone on any EVM. Withdrawal is done by burning PUSD to redeem USDT on the target chain. The minimum amount for redemption is $100 PUSD. Tests for deposits and withdrawals were successful today.
PALOMA’S GOT TALENT AI LAUNCHPAD MOVED TO FEBRUARY 14, 2025 LAUNCH
With the new vote to upgrade the PalomaERC20 blueprint token for ALL ERC20 tokens that will be minted on Paloma, the Paloma AI Launchpad will be pushed back from February 7, 2025 to February 14, 2025. This will provide enough time to continue debugging of the token factory and the Paloma Skyway bridge.
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-17
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.