Volume AMA: Testing Pigeon from Messenger, to Racer, to Tumbler

In this week’s AMA episode, Taariq Lewis @LewisTaariq, CEO of VolumeFi (


) talks about the recent developments on Paloma, including the network’s shift from Messenger to Tumbler after the IAVL upgrade, the continuing work on Pigeon Feed, and Gravity Bridge fixes. It is expected that Pigeon Feed will be fully functional by June.

Paloma is poised to deploy more bots on GMX and Arbitrum focused on delta-neutral trading bots. Preparations are underway for the much-anticipated launch of Paloma’s Squeeze, the first EVM L2 automated with the best version of Cosmos SDK. Plenty of opportunities will be opening up for Paloma such as the launching of Perpetual DEXs with automated trading.

Exploring the vast possibilities in the blockchain AI space, Paloma is set to forge partnerships with GPU provider companies. Building on Squeeze, the focus is to provide users with AI functionality via fast, low-cost, and easy access to GPUs.

Taariq welcomes everyone to Volume’s Twitter Spaces. He shares a reminder of what Volume is all about.

He adds that the Paloma Chain is run by the Paloma validators. Paloma communicates across different chains and executes contracts wherever they may be.

Taariq shares a recap of the network’s shift from Messenger to Tumbler to resolve AppHash errors and consensus failures following Paloma’s two major upgrades. After attempts to export Genesis and state-sync failed, it was discovered that the missing piece was the upgrade to the latest version of IAVL. And so we really, this new version came out of Cosmos SDK 50 when we were at IVL. We’re at IVL 0.2. So Cosmos, SDK required this upgraded by IVL, and if you don’t upgrades in the latest version, you’re screwed. So the Cosmos team didn’t do enough testing.

In retrospect, he explains that the Cosmos, Paloma, and Vitwit teams needed to do more testing.

He mentions a unique case where one user still had a TWAP transaction that was not completed and that 12ETH was coincidentally locked on-chain. The team is now recovering these funds by having the validator set during the chain halt on Messenger sign a one-time transaction to move funds on Ethereum back to the user’s wallet.

He assures that the funds are in Ethereum although not yet withdrawable, while the team works on recovery to move the funds back to the user.

The team is working on relaying issues after the Pigeon upgrade on Go Ethereum. Taariq explains that up until today, the network required a chain halt to upgrade Pigeon and Paloma simultaneously. This prevents validators from running on old versions of Pigeon and Paloma which would later cause failure in relay execution. However, with the recent upgrade to Cosmos SDK 50, upgrading Pigeon will no longer require a chain halt.

With the release of the new version of Pigeon, validators who do not upgrade by themselves will receive negative or reduced points for relaying. They will not be chosen for the next message that needs to be relayed.

Those who install the latest version of Pigeon will get more relays. Validators who upgrade on time will have higher scores and be rewarded.

The work on Pigeon Feed will resume next week until the end of May which will allow for payments to validators.

It is expected that Pigeon Feed will be fully functioning at the beginning of June and there will be an open market for the GRAIN token. Paloma will be opening up for additional developers to start building on the network. By June, it is expected that Paloma’s Gravity Bridge will be deploying GRAINS to the target chains.

There will be some quick fixes on the Gravity Bridge to ensure that it is debugged. Audits on Gravity, Cosmos, and contracts will be done once the work is completed. Paloma will be opening up to other upcoming chains when Pigeon Feed goes live.

Paloma is poised to launch more bots on GMX and Arbitrum that will be focused on funding trades. Taariq expects that Bitcoin will be choppy in the next few months until fall, so they will be focusing on building delta-neutral trading bots. He explains that delta-neutral bots are like personal vaults.

Squeeze, Paloma’s L2 EVM, will have a soft launch in June. The intention is for Squeeze to get TVL before the chain launch through the bots.

Plenty of opportunities await with Paloma EVM on the way, as the network can build closer ties with an EVM roll-up. Paloma can launch Perp DEXs, for example, with automated trading where validators act as the DA layer.

After Pigeon Feed goes live, the team will shift its focus to EVM L2 and get it working with Paloma tightly wrapped so that slashing conditions on Paloma will affect validators in the DA quorum and the sequencer.

Volume is exploring the blockchain AI space for opportunities for other ways to put Paloma into action.

Taariq notes that the smartest people are programming and buying compute so they can get their models working faster. Users are constantly looking for ways to run models faster on GPU time.

He shares that they are starting conversations with different GPU provider companies among them, Bittensor, Render,

, and Akash. This could be another way for Paloma validators to add value by providing fast, easy, and smooth access to low-cost GPUs.

Building on Squeeze, users can get AI functionality with out-of-the-box access via Paloma’s new EVM L2. He hopes that Paloma will soon be able to provide fast, easy-to-use, low-cost on-demand access to GPU compute.

Taariq thanks all the validators for their patience even while the GRAIN token has not traded. He assures that the network is now doing better with testing for upgrades across the current state.

Stay tuned for the next AMA!

To find out more about Volume, check out Volume Finance (


), join the Discord (

), and follow us on Twitter (@Volumefi). Check out Paloma Chain on




), follow them on Twitter (@palomachain), and join the flock on Discord (

). Coo!