What Is Pangolin?
Pangolin is a decentralized exchange (DEX) that operates on the Avalanche C-chain. It is a fork of Uniswap v2 and has its governance token, PNG.
Background
Ava Labs launched Pangolin in 2021.
How Does It Work?
Like Uniswap, Pangolin allows liquidity providers to deposit paired assets into liquidity pools, earning fees from trades. Its governance token, PNG, is 100% community-driven, allowing token holders to vote on and propose changes to the protocol.
Pangolin was designed with improved tokenomics, optimized liquidity provider operations, additional rewards for liquidity providers, and an improved user interface. It strongly emphasizes community involvement, with PNG token holders able to contribute to the protocol’s governance through voting and proposal mechanisms.
Key Takeaways
- Pangolin is a decentralized exchange operating on the Avalanche C-chain.
- It was launched by Ava Labs in 2021
- Pangolin allows liquidity providers to deposit paired assets into liquidity pools to earn fees.
- It has a governance token, PNG, which is community-driven and allows token holders to contribute to the protocol’s governance.
- Pangolin emphasizes community involvement and improved tokenomics.
