Palmswap

<a href="https://palmswap.org/" rel="noopener noreferrer nofollow">Palmswap</a>, a perpetual decentralized trading exchange built on Binance Smart Chain (BSC), has joined forces with <a href="https://gotbit.io/?utm_source&#61;palm" rel="noopener noreferrer nofollow">Gotbit Hedge Fund</a> and their market-making division, a platform-based solution designed to bring back control of markets to project founders, for the purpose of allocating liquidity to the upcoming Palmswap liquidity event in anticipation of the launch of Palmswap v2, scheduled for July 5, 2023. Gotbit will inject significant funds through the minting and auto-staking of the Palmswap Liquidity Provider (PLP) token during the <a href="https://palmswap.org/event" rel="noopener noreferrer nofollow">Launch Event</a> beginning June 27.Palmswap v2, with its unique and synthetic architecture, offers greater capital efficiency compared to alternative platforms. This translates into lower trading fees and a wide variety of leveraged trading options and pairs. The Gotbit platform is an ideal match for Palmswap&#39;s requirements, as it combines liquidity efficiency, powerful functionality, and user-friendly decentralized leveraged trading. It overcomes common issues faced by decentralized exchanges (DEX), such as front-running, slippage, asset limitations, security, and risk management features, while providing trading capabilities similar to centralized exchanges (CEX).The Palmswap&#39;s Liquidity Provider token (PLP) represents a USDT-based index for leverage trading. It can be created by minting with USDT and redeemed back into USDT, maintaining its full liquidity at all times. PLP holders and stakers receive 60% of the protocol fees as rewards. As part of the liquidity event, the program will issue rewards to depositors on a first-come, first-served (FCFS) basis. These rewards will consist of up to 25 million $PALM tokens, valued at over $500,000. The number of PALM tokens earned, ranging from 1.5 to 5 PALM per PLP, will be determined by the total initial PLP issued. The starting price for PLP tokens will be set at $1 per token.PLP stakers get up to 500% APR, plus existing LP rewards through the facilitation of trades and market activity on Palmswap v2. All those willing to enjoy higher rewards through this tiered system, should hurry up and apply on the <a href="https://palmswap.org/event" rel="noopener noreferrer nofollow">Palmswap Liquidity Program page</a>.According to CPO Bernd Stöckl: “Our upcoming liquidity event will usher in a new era of fast, efficient, and user-friendly decentralized trading. We are excited about our partnership with Gotbit for our liquidity event and are confident in the platform’s ability to handle the transaction volumes, speeds, and order management expected of the event and count on Gotbit’s continued support as we roll out Palmswap v2 as the preferred next-gen leveraged trading platform for the masses.”<a href="https://twitter.com/AlexAndryunin" rel="noopener noreferrer nofollow">Alex Andryunin</a>, CEO &amp; Founder of Gotbit Hedge Fund, also commented on the partnership by saying: “Palmswap stands apart from other decentralized trading platforms as one that is thoroughly committed to the ideals of user-friendly, cost-effective, fast, performant, and reliable digital asset trading. We are thrilled to be part of Palmswap’s liquidity event and fully support the platform’s development and roll-out of robust and reliable, customer-friendly trading tools.”<h2 id="header-0">About Gotbit</h2><a href="https://gotbit.io/" rel="noopener noreferrer nofollow">Gotbit Hedge Fund</a> is a performance-focused crypto market-maker with a platform-based service and utility integration approach. Gotbit includes an internal team of developers that build utilities to add extra value to Web3 projects.<h2 id="header-1">About Palmswap</h2><a href="https://palmswap.org/" rel="noopener noreferrer nofollow">Palmswap</a> is an innovative decentralized platform for trading crypto assets, designed for perpetual futures trading on the Binance Smart Chain (BSC). It brings the efficiency of centralized platforms to the decentralized space, ensuring that anyone can participate in trading by connecting a BSC-supported wallet without facing any entry barriers. Palmswap&#39;s mission is to enhance trust and confidence in cryptocurrency trading by empowering users with full control over their assets, while providing deep liquidity pools and a smooth trading experience.

Palmswap Partners With Leading Hedge Fund Gotbit for Their Liquidity Program

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Palmswap

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