Penumbra Community Call Notes - April 30, 2025

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Watch the Live Recording

:loudspeaker: Penumbra Community Call Recap: Big Things Are Coming!

gUM, Penumbra enthusiasts! :crescent_moon:

Whether you’re a trader, liquidity provider, governance participant, or just curious about the future of privacy-preserving finance, this one’s for you. Let’s dive in!

Enhancing User Experience & Onboarding

Penumbra is making onboarding smoother than ever, especially within Prax wallet and Veil (the trading interface).

  • “Getting started guide” on Veil (the DEX) connects the DEX directly to your Prax Wallet.

  • Guides & tutorials → Covering bridging assets from Solana, Ethereum, and Cosmos for easy integration. Visit the step-by-step tutorial guides here.

  • Discord onboarding parties → Where new users can earn 5 UM tokens and get a live walkthrough from the team.

These updates mean fewer barriers to entry and a seamless experience for both new and existing users.

Major DEX & Liquidity Upgrades

  • Multi-hop withdrawals → Say goodbye to manual, multi-step transfers! Soon, users can bridge assets across chains effortlessly.

  • Better trade routing & execution → The DEX engine is improving to maximize profitability for liquidity providers while ensuring better prices for traders.

  • Updated asset labeling → Wrapped assets from Osmosis (e.g., ETH & BTC Alloyed Assets) will be properly labeled for clarity.

This means more efficient trading, fewer headaches for LPs, and an overall better market experience on Veil Dex.

Live Development Streams

Penumbra CTO Erwan has been hacking live on his official X account, giving everyone a behind-the-scenes look at protocol improvements.

  • Want to ask questions and get involved in technical discussions? You can tune in to these live streams!

  • This open dev approach makes Penumbra transparent, accessible, and engaging for the broader community.

Governance: Get Involved!

Penumbra’s governance is community-driven, and some big proposals will be on the table:

  • Discussions on new trading mechanisms that will benefit UM stakers, traders, and LPs as a part of the Liquidity Tournament.

REMEMBER: The real discussions happen before voting starts! Join the conversations in the forum and make your voice heard.

Microgrants Opening Soon!

The next round of microgrants is about to begin! If you have an idea to build on Penumbra, the time to apply is soon.

  • Next community call will feature current microgrants recipients showcasing their ongoing projects.

  • This program supports devs and other creators looking to contribute to Penumbra’s privacy-preserving financial innovation.

Final Takeaway: Privacy Loves Company

More users = stronger privacy guarantees in Penumbra. So whether you’re an LP, trader, governance member, or enthusiast, your participation helps improve the privacy and efficiency of the network.

Stay engaged, keep an eye on governance discussions, and don’t miss out on the upcoming improvements!

What are your thoughts on these updates? Jump into the Penumbra Discord and #feedback channel to discuss! :rocket: