Palmswap, a decentralized finance (DeFi) platform, has announced the launch of its much-anticipated v1 perpetual exchange on the BNB Chain. The v1 exchange enables traders to access a secure and efficient trading environment, with various tools at their disposal, providing them the opportunity to trade in a non-custodial environment. As the platform offers up to 10x leverage, it is attractive for both experienced and novice traders. Moreover, the products have been audited by a blockchain security company, Zokyo, to ensure security and transparency.
The launch of Palmswap v1 is set to revolutionize the trading of digital assets in the DeFi space. The security and user control provided by Palmswap is much higher than custodial trading platforms. With Palmswap, users always maintain possession of their funds and do not have to worry about money being stolen or lost due to mismanagement. In addition, the platform's full suite of trading tools like limit, market, stop loss and take profit orders, are more suited to experienced traders.
To further excite traders and users, Palmswap is also developing v2. Scheduled to launch by the end of Q2, 2023, the v2 platform is set to offer a unique synthetic architecture and a new trading engine. It will likely play a pivotal role in the DeFi ecosystem in the near future.
The Palmswap team is offering the traders and users their first glimpse of v2 through their latest blog article. With this, users can remain informed about the progress of Palmswap and trade with full confidence, knowing that the platform’s products are transparent and secure.
The introduction of Palmswap v1 is a milestone for the decentralized finance industry, allowing traders to participate in a secure non-custodial exchange with upper features. Palmswap could potentially disrupt the DeFi landscape with its dvAMM architecture, leverage and security tools, as it offers a higher degree of control to users. With the team forging ahead and preparing for v2, Palmswap could soon become a key player in the DeFi space.
Connor Jimenez
- 2023-04-19
Palmswap v1 – Revolutionizing DeFi Trading
Palmswap, a decentralized finance (DeFi) platform, has launched its v1 perpetual exchange, offering traders with various user-friendly tools, 10x leverage, and audited security. The team is also developing v2, offering a unique synthetic architecture and a new trading engine.
