what's Pangolin?
Pangolin is a decentralized exchange (DEX) and automated market maker (AMM) primarily built on the Avalanche blockchain. Launched in 2021 with backing from Ava Labs, it enables users to swap tokens, provide liquidity to pools, and earn trading fees and rewards. The platform features a user-friendly interface for trading AVAX ecosystem tokens and supports advanced functionalities like perpetual futures trading via PangoPerps. Pangolin's native governance token, PNG, is fully community-distributed with no team allocations or inflation, totaling 230 million tokens all in circulation. It has expanded multichain to networks like Hedera (PBAR), Songbird (PSB), Flare (PFL), and Evmos, emphasizing low fees, fast execution, and community-driven development through staking, farming, and governance proposals.
Pangolindex released v3, a major upgrade.
Offers a QI-WAVAX liquidity pool on Avalanche with a current APY of 32% and TVL of $151K.
Released v3, described as a major upgrade.
Pangolin integration now live on Binance Wallet as newly added dApp.
User reports widespread bot-like activity with 30+ low-follower farm accounts quote tweeting in the Avalanche ecosystem, calling it detrimental to the project.
Launches perpetuals trading via Orderly integration, with deployment completed in one day using Orderly One.
The platform is powered by Orderly One infrastructure.
Joins Avalanche Boost program with AVAX rewards now active on V3 pools
AVAX/USDC liquidity pool yields 780% APR with $300 daily returns on $14K investment.
V3 protocol launches with concentrated liquidity, user-controlled fees, and efficiency improvements.