SERIES 1/2: What is the Palmswap Protocol?

  • 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.
  • 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.
Example based on BTC Trade with a BTC value of $10.000
  • 50% buyback & burn of PALM tokens
  • 50% security fund to secure the protocol

--

--

--

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

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Hello World!

AAX Web3 Series: Why Might We Want to Decentralize the Web and How? — AAX Academy

LuxFi’s Token Listing on Uniswap and BitMart

LuxFi’s Token Listing on Uniswap and BitMart

AIBB PROJECT REVIEW

GET STARTED WITH NFTs

Bitcoin Is Still on Its Way to Hit $100,000, Says Bloomberg Strategist

Ethereum & Litecoin Show Robust Structural Bottom Signals.

PERI DEX Trading Campaign — Win a Share of USD 2,500 + Unlimited Prize Pool!

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Palmswap

Palmswap

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

More from Medium

[Recap] UPFI AMA — MetaFi & Defi 2.0

Starting Exchange on AKITAVAX

What is Decentralized Finance (DeFi)?

cLA.Labs x Sandwich Network