Welcome to the weekly update on new software design from the Paloma community of developers.
Progress on Paloma’s upgrade to Cosmos SDK 0.50.0 and Comet BFT 0.38.2 continues. The Vitwit team has completed upgrades to the following Paloma Modules:
The progress of the module upgrades will lead to a final merge into a Cosmos-SDK v0.50.0 version that will need to be tested against an upgraded Pigeon for Cosmos SDK v0.50.0.
Palomabot.ai
publishes the alpha release of its Curve Leverage Lending Bot run on the Paloma blockchain. The Curve Leverage Lending Bot allows users to swap into ETH and then borrow crvUSD, which is used to swap into ETH to purchase crvUSD repeatedly. This functionality to increase a levered position on a stablecoin loan is available on
’s main website. Still, Palomabot uses the Paloma validator set to monitor the leverage position and to repay the loan when the position is within a certain percentage above the liquidation health rate. Paloma’s innovation allows users to liquidate automatically at a pre-determined stop-loss amount. This saves borrowers from losing all their ETH to crvUSD and allows them to deleverage without actively monitoring their position.
Now, Paloma’s validator set becomes useful for DeFi users who do not have time to monitor multiple leverage positions. The Paloma validator set works to execute scheduled transactions while securely managing users’ account balances. This product may be most compared to a Perpetual Futures contract where funds are borrowed to continue leveraging or purchasing an asset. Palomabot Leverage bot is under active development but available for testing with small amounts here:
Stay up to date and follow the Paloma public repositories and the commits of ongoing upgrades to the Paloma Cosmos-SDK blockchain and the Pigeon relay module here:
The Gundam Pigeon is part of Paloma’s AI Art Pigeon Competition.
The Gundam Pigeon
Paloma aims to launch decentralized Mirror Trading bots on Rysk Finance and Premia on Arbitrum as the network continues to find alignment with decentralized execution use cases with demonstrably strong demand by decentralized exchanges. Paloma attestation upgrades continue the work of Pigeon Feed, starting with the release of Paloma 10.0.2. We continue to partner with Vitwit for Paloma’s upgrade to Cosmos-SDK 0.50.0 with the first merges into the master branch. We continue to fly faster and faster with each week! COO! COO!
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