Welcome to the new Paloma. So many new birds are hatching this week that we can’t help but COO with all the great news. We’ve skipped a few weeks, so in this issue, we will cover the latest in protocol upgrades, upcoming decentralized application launches, and what you will expect from the Paloma ecosystem in the coming weeks. Expect more bots and more chains.
The focus for Paloma v1.6.0 and Pigeon 1.5.0 will be to increase validator incentives for securing the Paloma network and ensuring that relay activities are profitable and dependable for developers that want to take advantage of the network power that is the pigeon validators. The new features that are included in the upgrades also includes those upgrades from Paloma v.1.5.0 and Pigeon v.1.4.0 and are as follows:
Stay up to date and follow the Paloma public repositories and the commits of ongoing upgrades to Paloma Cosmos-SDK blockchain here:
Project BirdFeed delivers on the promise of Paloma to focus on validator happiness by making the Paloma relay network a profitable service that rewards validators in excess of their inflation rewards. PigeonFeed consists of the following functional areas:
The Volume team successfully tests the first phase of the Paloma Gravity module implementation for Paloma. The Gravity module is based on the Gravity project by the Althea network team that was implemented by such leading Cosmos-SDK chains such as Axelar, Gravity Bridge, Umee, and Injective. Paloma will deploy this same technology into its stack in order to create a secure bridge between Paloma and the target chains it will serve.
Paloma’s main goal with the bridge will be to create digital assets on Paloma that represent liquidity positions on target chains. In order to accomplish this, Paloma’s Gravity will need to successfully and securely execute the following transactions:
There is no new art being created with the Gravity bridge, but we hope new use cases that will be available to decentralized paloma applications such as
. We look forward to the Phase II implementation and then tests on Paloma testnest-15 testnet network.
The white-collared pigeon (Columba albitorques) is a species of bird in the family Columbidae. The species is endemic to the Ethiopian highlands in Eritrea and Ethiopia. It occupies the countryside surrounding rocky cliffs and gorges and is also common in town centers. The species is monotypic.
Paloma continues to innovate and iterate around its use case to create a compelling revenue opportunity for data center operators. Paloma’s launch of Paloma v.1.6.0 and Pigeon v1.5.0 continue the relentless engineering efforts of the VolumeFi team to make a truly useful L1 protocol with cross-chain features that make validators more money than just inflation. New features include the following:
We look forward to releasing these features to mainnet in the coming next two weeks and to further announce the launch of Paloma’s first bots at
. Please stay with the flock. More flights are about to take off.
To learn more about Paloma, please visit
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To participate in the community, please join the Paloma Discord: