Pangolin Newsletter #11 - August 17
A weekly newsletter about the world of Pangolin
We have reached 30k followers on Twitter!
We have reached $2b in total volume traded on Pangolin!
Total liquidity in Pangolin is over $200 million again.
New Avalanche Bridge Tokens
The migration of the old bridge tokens to the new bridge tokens has started. As of now 30% of the bridge tokens in Pangolin has been migrated. New bridge token pools have also started receiving PNG rewards. Rewards for old pools have been turned off!
If you have any of the following tokens in Pangolin pools, please migrate them now! ETH, USDT, DAI, WBTC, LINK, UNI, SUSHI, YFI, AAVE. You can follow our video guide or photo guide to migrate your pools. If you have any trouble with the migration, do not hesitate to ask for help on Discord or Telegram
YAK is the recently airdropped token of the top Avalanche yield aggregator Yield Yak. Holders of YAK can stake it to receive a portion of the revenue of Yield Yak. Soon after its launch, YAK was mainly traded on Pangolin. As per Universal Guidelines model, we have started rewarding YAK pairs without a governance vote.
Stablecoin Rewards Increased
Snapshot proposal to increase rewards multipliers for stable-coin pairs has passed. The USDT and DAI pairs now have increased multipliers.
Engaging a Market Maker
A forum post has been added about funding a market maker to qualify for CEX listings, promote volume, and qualify for a ChainLink price feed.
We have restructured the Pangolin forum. The forum is now divided into seven guilds which are each responsible for a separate task. These guilds are:
Vee.Finance is a DeFi lending platform and aims to integrate lending and trading with Pangolin.
We have also partnered with AllianceBlock which is also a partner of Avalanche. AllianceBlock will provide optional trust-less KYC and AML features for Pangolin's compliance with law. Pangolin will become a node validator for AllianceBlock's bridge.
Engineering Internship Opportunity
Favorite Stable Coin
We created a poll on Twitter and asked people their favorite stable coin. USDT came in second place to “other”. Judging from the comments, UST of Terra ecosystem has a lot of traction. We might soon see UST on Avalanche.
About Pangolin Exchange
Pangolin Exchange is a community-driven decentralized exchange (DEX) with fast-settlement, low fees, fair token distribution, and a democratic process. Built on the Avalanche Network. Pangolin brings you the best trading opportunities to find and maximize your yield.