Omemmaan
2 min readAug 10, 2023
UNVEILING OF PALMSWAP V2

Palmswap v2 provides a liquidity-efficient, powerful and user-friendly decentralized leverage trading platform.

While legacy decentralized applications and exchanges continue to deal with high execution costs, low performance, and other trade inefficiencies, Palmswap v2 was built as a 'next-gen' platform to overcome familiar DEX issues including front-running, slippage, asset limitations, and lack of risk management features.

Our unique synthetic architecture makes Palmswap more capital-efficient than any existing platform. It allows for low trading fees and a wide range of levers and pairs: up to 50x on cryptocurrencies.

Trading experience:

Trade Perpetuals -> Set long or short

High leverages available -> up to 50x

Full custody over your funds -> No deposit or signup

0% Price Impact -> Through the unique infrastructure

Median spot prices -> No scam-wicks

Transparent & decentralized -> 100% on-chain execution of trades

Top-notch user experience -> Interface evolved with more than 2 years of users feedback

The following are the trading engine on V2

No order books or liquidity for each pair -> Single PLP vault for all trading pairs listed. -> 100x+ more capital efficient.

Synthetic leverage -> Up to 50+ more capital efficient

Real-time custom Chainlink decentralized oracle network (DON) -> Real-time spot prices on-demand, on-chain.

All you will need to start trading on Palmswap V2:

. A wallet that supports BNB Smart Chain, e.g: Metamask

. USDT to trade

. BNB for transaction costs

The Palmswap team is insightfully building a next-generation exchange.

Vision and mission

We're building a powerful and professional exchange for trading perpetuals. While trading on our platform, traders enjoy all the benefits, security, and privacy of decentralization.

At Palmswap, we are committed to upholding the vision of Satoshi Nakamoto, the vision of a currency that offers independence and privacy. While centralized exchanges work against Satoshi's vision by centralizing the trading of cryptocurrencies and demanding customer data for trading, we at Palmswap do the opposite. At Palmswap, traders have a secure, private, and transparent trading option without relying on third parties. We aim to strengthen confidence in cryptocurrency trading by giving customers complete control over their assets while protecting their privacy.