Taariq Lewis @LewisTaariq, CEO of VolumeFi (volume.finance) and host of this week’s AMA episode talks about the roadmap to launching Paloma’s GRAIN tokens on all target EVMs, the integration of full contract deployment, Tailored AI points, and MiCa.
Pigeon Feed enters the final phase and is expected to be completed in two weeks. Paloma v15.1 will come with protections for GRAIN token risk management and security features with bridge tax-and-burn and daily bridge limits for GRAIN.
The introduction of full contract deployment unlocks Paloma’s power, enabling users to build contracts from creating a new AMM across all chains and immediately adding liquidity and set trading, to creating AVSs that interact with the EigenLayer.
The launching of AI points on Tailored, Paloma’s Web 2.0 app that generates custom AI, allows users to accumulate points for using the AI functionality on the platform. This opens the potential to create an AI token marketplace and a decentralized storage system where users’ AI context can be stored securely by the Paloma validator set.
MiCa is coming into force bringing fresh opportunities for Paloma, now considered RegTech to assist DeFi projects in navigating regulatory requirements by providing services such as executing trades for users, managing token generation, and contract deployment.
Taariq welcomes all listeners to Volume’s Twitter spaces. He expresses his excitement as the GRAIN token nears launch and users can trade it for liquidity, voting staking power, and revenue collection. He shares a brief about Volume.
Apart from using bots to take advantage of the new AI, the aim is for users to chase yield across multiple chains and yield farms.
Validator happiness is central to Volume’s vision, enabling access to revenue from multiple projects simultaneously. The road to launching the GRAIN token on all supported target EVMs will allow validators to monetize relay revenues into relay profits.
Pigeon Feed enters the final phase and is expected to be launched in two weeks. It has taken almost two years to reach this point, and while many more chains and Layer2s have since come up, Taariq underscores that Paloma has been focused on making the tech usable and finding new ways to use the tech so network stands out in the sea of chains.
He emphasizes that GRAIN token protections are for validators to ensure that those who are staking and running data centers feel confident that the Paloma network will continue to increase its value. The new release, Paloma v15.1 will come with two main features for protecting GRAINS risk management and security.
Risk management will integrate a Paloma bridge GRAIN tax to reward validators and stakers on Paloma in the early days of the EVM bridge. Governance will vote on a tax or the amount of tokens that will be burned by people sending it over. The tax acts as a risk management measure to allow on-chain liquidity to develop, with assurances that the collected tax will be burned, and not redistributed.
The bridge tax will be used to support the new pools on target chains. It is crucial to deploy Paloma liquidity across multiple pools in the target chains, especially in the first phase. Taariq explains that fragmented liquidity in the first phase is going to be very delicate. The GRAIN price needs to be resilient in the face of selling.
This feature will be put to a governance vote with a proposal to start with a 20% bridge tax to take GRAINS across the bridge to Ethereum.
The second feature is security which will be reinforced with the creation of bridge limits. Taariq notes that bridge hacks are a major issue with bridges being exploited and tested daily. He does not doubt that the EVM Gravity Bridge will be tested which is why it is constantly improved and optimized.
This is a governance proposal and the goal is to make sure that if the bridge is compromised, not everybody’s GRAINS will be lost. If the bridge has an issue and the bridge has a daily limit, governance can essentially halt GRAIN and its movement across the bridge.
The daily bridge limits will be put in governance and can be gradually increased to 1% of the daily limit, for example. If the bridge is working and things are moving, it can be increased to 5%. Or governance can decide later on to remove it altogether.
Paloma is launching test pools to ensure that deployed pools on target chains have liquidity for people to start creating GRAINS. Test GRAINS will get into production to help test the daily bridge limit and the bridge tax.
While Paloma relays messages to the target chain via Compass and executes trades, it cannot deploy contracts, for example, flash loans against multiple chains. Paloma only does logic calls which inhibits developers from creating a contract on a target chain.
The integration of full contract deployment will unlock Paloma and can be used by anybody who needs to create a contract, and set it running, from creating a new AMM across all chains and immediately adding liquidity and set trading to creating an AVS that interacts with the EigenLayer.
When this new feature is released, there will be a shift in focus to bringing more people to build on Paloma.
Taariq announces the launching of AI points for Volume’s first AI project, Tailored. Tailored is a free custom AI Web 2.0 app that can be used for Twitter, email, calendars, Discord, and Telegram.
Users earn AI points every time they use the app or invite friends to join the Paloma Discord.
While the AI Tailored token has not been created yet, users can start getting points as they build up the AI functionality. People can use their AI apps for Paloma validators to store user context. Paloma is exploring decentralized storage, a token marketplace where AI tokens can trade, and where AIs talk to other AIs. In the future, they are looking to trade AI tokens on Paloma or any of the target chains.
The network is looking to work on more functionality for Web 2.0 devs to leverage Paloma. Tailored is the chain’s first AI and Web 2.0 app.
Taariq shares some of the milestones of Paloma and thanks all validators who have stayed on the network. The Paloma Flock has completed nearly $30 million in transactions across 600 bots.
He assures that the team will continue to test GRAINS and functionality to showcase the power of Paloma.
Taariq shares that MiCA, the European regulation for DeFi is coming into force.
The Paloma validator set will execute the trades, manage token generation and contract deployment, and help navigate the regulatory requirements of MiCA. Paloma is now a RegTech which is another big win for the Flock.
As Pigeon Feed enters Phase 3 next week, GRAINS on chains draws near which means more growth for the Flock. The host thanks all listeners and sends a big congratulations to the Paloma and all the teams.
Stay tuned for the next AMA!
To find out more about Volume, check out Volume Finance (
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