A short video demonstrating the new stuff:

Full change log:

• The raccoon will now offer up to 7 quests at a time, to make the questing experience feel less linear and more "sandbox-y".
• The quest log now looks nicer and clearly indicates the type of each quest (boss fight / exploration / etc.)
• The questline has been slightly changed and a couple more quests have been added.

• In my opinion, the "village threat level" mechanic was adding nothing of value to the gameplay and made upgrading your village feel unnecessarily punishing. Correct me if I'm wrong.
• Threat-reducing buildings can no longer be built, but might be re-added in the future with other functionality. Existing buildings will still exist, but you won't be able to build them again after demolishing.

• The village will start out with only two building slots available.
• The number of slots can be increased by securing additional parts of the forest - which involves defeating a small invasion, each being progressively more difficult.

• Slime punch now accumulates combo points when hitting enemies.
• The punch itself is slightly larger and has a slightly longer reach.
• Will now only harvest trees if the cursor is hovering over the tree.