We have added not 1, not 2 but 3 trading pairs to our v2 #DEX platform!🙌
The $PALM community has spoken and chosen $SOL/Solana🏆
Plus, we have also added $MATIC/Polygon and $LINK/Chainlink⭐
We hope you're as excited as we are and you start #trading at @Palmswaporg today!💰
🎉 Milestone Alert! 🎉
The Palmswap community has shown immense support, with over 💯 million $PALM now staked on our platform!
This milestone strengthens our ecosystem and pushes us toward a decentralized future 💪
If you are not earning 55% APR yet, start doing so here: https://t.co/nYYXievyy8
🚀 Exciting news!🚀
We are thrilled to announce the launch of the
🟨BNB/USDT🟩trading pair on #PalmswapV2
We're committed to enhancing your trading experience, and this is a major step forward.👏
Start trading now!
https://t.co/e0aFHeRtsN
We want our users to be able to perform the best trades possible.
Here is the <state of the market dashboard> that should help you make better data-driven decisions.
Have a good trade, Palmer💜
We are super excited to announce that we have just crossed $50 MILLION trading volume on #PalmswapV2
We thank all the traders who love trading on our PERP dex.
Next milestone: $100 Million
Let's go🚀
#BuiltwithDEXcellence#BNBChain
GM 💜
Waking up to this #MondayMorning with $40 million+ trading volume on #PalmswapV2
Will we touch $50 million this week?
Retweet this tweet if you think, 'Yes!'
Things we like to see 🫶
We have crossed $25 million trading volume with 500+ users on #PalmswapV2
Palmswap V2 continues its skyrocketing growth and proving why it is #BuiltwithDEXcellence
50M next 🚀
Total trading volume on #PalmswapV2 has now crossed $20 million.
🔥🔥🔥🔥🔥
Our trade 2 ear program is live where you can earn rewards for every dollar of trade you make on Palmswap V2.
Start now.
🚀 Total trading volume on #PalmswapV2 has now touched $10 MILLION in less than 4 days.
🔥🔥Total unique users: 170
Total fee generated: $11,000+
We thank all the traders and Palmians for this sky-rocketing start.
#BuiltwithDEXcellence
Looking for a game-changer in the crypto space?
Say hello to Palmswap V2! 💥💪
✅ Up to 50x leverage
✅ Accurate prices
✅ Yield farming opportunities
Don't miss out on this amazing new platform! Join us now and level up your trading game! #BuiltWithDExcellence
OFFICIAL STATEMENT
Dear Palmians,
As you already know, our PLP Vault was exploited a few days ago which resulted in the loss of funds from the pool. As soon as we gained knowledge of this event, the team has been working tirelessly to recover the lost funds and understand the vulnerabilities that allowed the exploit to happen, aiming to further secure the platform and ensure it doesn’t happen again.
We’re extremely happy to announce that we have successfully recovered 80% of the compromised funds, which are now secure in Palmswap’s wallet. Our team is now working to return the funds to our liquidity pool which will take the total PLP deposits to 84.05%. We are also reviewing additional solutions to fund the remaining 15.95%. We aim to ensure no user within our community has incurred any losses, and it reflects our commitment to safeguarding your investments.
We aim to ensure no user within our community has incurred any losses, and it reflects our commitment to safeguarding your investments.
We were able to do this by contacting White Hat and reaching an agreement that included the following terms:
• The White Hat commits to return 80% of the total drained funds.
• The White Hat is allowed to keep the remaining 20% of the funds as a bounty for finding the vulnerability.
• Palmswap will not press charges against the White Hat, as the negotiation was carried out in good faith between both parties.
As of right now, the White Hat has delivered on their end of the deal, and the assets have been transferred to our wallet per the terms of the agreement. We are working to fix all the vulnerabilities identified in this incident. After this, we will be conducting a thorough review of our entire infrastructure again and implementing additional security enhancements with utmost priority.
We want to express our gratitude to all our partners including @gotbit_io and Zokyo who supported us during this time. Particularly, we would like to extend our heartfelt appreciation to @HypernativeLabs for being the first one to inform us about the exploit. We are grateful to them for providing timely assistance throughout this challenging period. Their dedication to the security and safety of the DeFi ecosystem is commendable.
We also want to thank you, our wonderful community, for your unwavering support and patience. Your encouragement and loyalty during our difficult times is a true inspiration to the team, and it motivates us to double our efforts.
We will soon publish a security report that will elaborate on this incident from start to end. Our security and research team are completing the investigation and we will soon publish the account of the events, our assessment and learnings, and the steps we are planning to take in the future.
We have taken this incident as a valuable learning experience and will continue to enhance our security measures to safeguard your assets. We would like to assure you that we are fully committed to maintaining the reliability of Palmswap and your trust in us only made us stronger.
Thank you all,
Team Palmswap
Here’s the surprise
We are opening 100 more seats for our Palmians to start trading on Palmswap V2
Just submit your wallet addresses in the form below:
https://t.co/GFsznGK8wR
If you weren’t able to participate in our NFT Raffle or you really want to trade on Palmswap V2, here’s your chance.
We will provide you access in the next 48 hours.
Ps. - The form is open only for 24 hours. So, HURRY UP!