What Is Palmswap?

Published on: 25.01.2022

Palmswap Protocol is a decentralized perpetual contract protocol for every asset, enabled by a Automated Market Maker & Order Type DEX.

For those who aren’t familiar with perpetual contracts: A perpetual contract is a derivative similar to a futures contract but without an expiry date. They offer perpetuals similar to those of other centralized services: FTX, Bybit, Bitmex and more.

The two DEX Protocols of Palmswap & the differences:

The v1 Protocol — uses vAMM for settlement and meets the needs of small to medium size traders, 100% on-chain. Here a maximum position size of $50,000 on a single market is recommended, thus you will receive a good spread & enjoy the secured liquidity benefits of vAMM. ust like Pancakeswap, traders on v1 can trade directly with our virtual AMMs without the need of a counterparty. The virtual AMMs offer guaranteed on-chain liquidity.

LAUNCH FEBRUARY 2022


KEY FEATURES 

  • 10x Leverage On-Chain Perpetual Contract
    Traders can trade with up to 10x leverage long or short, have transparent fees and 24/7 guaranteed liquidity.
  • Guaranteed Liquidity Provided by vAMM
    Every asset can be supported via a perpetual contract on the Palmswap Protocol.
  • Order Types
    via integrated smart wallets, users have the possibility to place different types of orders.

The v2 Protocol — is the next goal after the launch of v1 on Mainnet. A hybrid infrastructure model that uses a non-custodial on-chain settlement and an off-chain matching engine with low latency and order books. This means that traders with large sums can enjoy low slippage.

Launch: Q3/4 2022

KEY FEATURES

  • 50x Leverage On-Chain Perpetual Contract
    Traders can trade with up to 50x leverage long or short, have low fees, 24/7 liquidity, and low slippage.
  • Spread similar as usually on Central Derivatives Exchanges
    Keeping an order book enables a better spread.
  • Decentralized Hedge Funds
    Anyone can create or participate in decentralized hedge funds. A pre-determined profit share and automated periodic payout are locked into smart contracts, creating new opportunities for the client and fund manager.
  • Fast execution
    A mix of on-chain trade execution and off-chain order book management will allow us to execute positions faster.

vAMM design provided by Perpetual Protocol on the ETH network allows trading without liquidity, good spread for small traders and on-chain settlement.

ABOUT Palmswap
Palmswap is a decentralized perpetual protocol built on Binance Smart Chain

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RESOURCES
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