Palmswap

Dear Palmians,As you already know, the past few weeks have been extremely challenging, and although we have made significant progress by recovering 80% of our user funds, our prime focus continues to rebuild and fortify the platform.In this regard, your undying support has been encouraging, which is why we’re more determined than ever to continue down this path and double our efforts to make sure Palmswap keeps growing to be the go-to cryptocurrency perpetual trading platform.For this purpose and with a clear vision in mind, we have put together a long-term plan that boosts Palmswap development and growth. In the blog, we have outlined several key milestones that we will be diligently working towards, including implementing enhanced security protocols, building and growing Palmswap V2, and revamping our user interface for a seamless trading experience.Here’s what the next months at Palmswap will look like.<h2 id="header-0">Platform Polishing and Optimization—In Progress</h2>Naturally, the first and most important priority right now is to make sure the platform is secure and safe to use.We&#39;ve swiftly addressed the issues stemming from the recent attack on Palmswap by identifying and rectifying the code. As we march forward, our commitment to security sees us meticulously inspecting every nook and cranny of our codebase to ensure all users are protected when interacting with the platform at all times.However, we&#39;re not navigating this journey alone. We&#39;re opening the doors to collaboration with our developer community. Together, we&#39;re doubling down on the scrutiny of Palmswap&#39;s smart contracts, fortifying our foundations for an even more secure future. We&#39;re preparing to unveil bug bounty programs that promise not only rewards but a stronger, united front against potential threats. Stay tuned for more information about bug bounties!But our dedication doesn&#39;t stop here. We&#39;re exploring further avenues for enhancing security, including the prospect of partnering with cybersecurity firms for additional audits.The decision to embark on this path will depend on our findings and the results of our bug bounty program.We’re confident that with the power of our community, technology, and innovation, we are on the right track to a resolute and secure Palmswap.<h2 id="header-1">Business Development: Building the Foundations of the New Palmswap—In Progress</h2>The team is also actively communicating and securing important partnerships with investors and industry partners.The goal? Maximize Palmswap’s resources to accelerate development and achieve exponential growth in the short term. These strategic partnerships will allow us to launch V2 with ample liquidity and incentivize trading on the platform, building volume that will be the life and blood of Palmswap’s business operation.We have already stricken up an important partnership with an investor, and continue to negotiate with other potential partners and stakeholders.The possibility of applying for a developer grant is not off the table either, although we see this in a longer-term future as it could have a direct connection with Palmswap’s cross-chain expansion aspirations.<h2 id="header-2">Getting V2 Up and Running—Planned (Target Date: Mid-September)</h2>All these efforts and initiatives have one short-term goal at heart: the deployment and launch of Palmswap V2.Indeed, the unexpected events forced us to delay the launch, but we’re now back on track and making substantial progress towards this goal.We’re now targeting mid-September as the date for Palmswap V2 to go live.This includes deployment, support, and access to all trading, staking, and liquidity providing functionalities on the platform, allowing users to interact with Palmswap in multiple ways.Plus, we’re working tirelessly to ensure V2 offers additional features that will make your trading experience smoother than ever before. Some of these features include:<ul><li>New and improved portfolio tool for a better overview about your operations, balance, PnL, and overall trading performance.</li><li>Mobile user interface so you can trade seamlessly from your smartphone or tablet.</li><li>Light theme for those of you who don’t like the dark!</li><li>7-day cooldown period to unstake PLP and PALM, which adds a security backstop to these mechanisms.</li><li>Improving keeper bots for faster execution of limit and market orders.</li><li>Chart trading, which allows you to trade directly on the price chart.</li></ul><h2 id="header-3">Trade2Earn Event—Planned</h2>In order to ensure a smooth and successful launch, we will host a trading event that will offer amazing rewards to all those who participate and perform trades in Palmswap V2.The Trade2Earn event will be a Palmswap community competition where traders will accrue points for trading on the platform—the larger their trading volume, the higher they will rank on the leaderboard and therefore, the more chances they’ll have to win prizes.As our trading volume surges, not only traders will reap the rewards but also liquidity providers and yield farmers. With each transaction, you&#39;re boosting your earnings through platform trading fees.In other words, the Trade2Earn event will create unique opportunities for the entire Palmswap community, as well as traders and yield farmers alike. We look forward to seeing everyone participate! Stay tuned for more information about the Trade2Earn event soon.<h2 id="header-4">Looking Ahead to the Future of Palmswap</h2>Our journey to relaunch Palmswap V2 has been an inspiring testament to your loyal support, which has fueled Palmswap to stand stronger than ever.The recent obstacles have only fueled our dedication to fortifying the platform&#39;s security, and with our developer community&#39;s contributions, we&#39;re ensuring that every line of code is rock-solid.As we approach the anticipated mid-September launch of Palmswap V2, we continue to build with resilience and dedication. And with partnerships aligning and a shared commitment to growth, we&#39;re on the cusp of an exciting new chapter.Palmswap&#39;s evolution reflects not only our aspirations for the platform but also the limitless potential of decentralized finance.As we move forward, we carry with us the lessons learned, the momentum of the present, and the optimism of a future where Palmswap keeps empowering users all around the world.

Palmswap Reloaded: Preparing for the Relaunch of V2

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