Pangolin Newsletter #12 - August 24

Aug 25, 2021

It has been a crazy week for Avalanche ecosystem! If you are a new user, we strongly suggest you to read the DeFi safety practices Twitter thread written by Pangolin’s community manager.

Stats

We have reached $3B in total volume traded and $300M in total value locked!

Coingecko

Pangolin is a top 10 DEX by 24 volume on August 24th!

$PNG token was the #1 trending token on August 24th!

Leveraged trading is here!

Pangolin has partnered with Marginswap to be the first DEX on Avalanche to offer Leveraged trading. Users can deposit PNG and several other assets as collateral to gain leverage.

A direct Fiat On-Ramp has arrived!

You can now buy AVAX directly with fiat money on Pangolin! This is possible with the integration of Wyre's fiat-to-crypto gateway.

Multi-select Token Lists

Now it is possible to select multiple token lists when swapping. Previously one could only select one list, which frequently resulted in having to change the list when selecting tokens.

Pangolin Rewards

Key Pair Rewards

A new post on the governance forum suggested increasing the rewards for key pairs, namely AVAX-ETH.e, AVAX-USDT.e, and AVAX-DAI.e. The post says that it is important to have higher liquidity in these pairs because of the influx of new lending and borrowing protocols on Avalanche. This was followed by a Snapshot voting, which is still ongoing.

QI, DYP, and WALBT

The pools of three new tokens, QI, DYP, and WALBT, now receive PNG rewards. QI is the token of the new lending platform BENQI, which is playing an important role in Avalanche Rush. DYP is the token of DeFi Yield Protocol, which offers yield farming and unique DeFi tools. WALBT is the token of AllianceBlock, which will bring optional compliance solutions to Pangolin.

Market Maker

There has been a forum proposal to hire a market maker. This proposal was followed by two on-chain proposals (1, 2), which have passed. This will result in 1/6 of swap fees to be routed to a multisig wallet, and 2.5M PNG from treasury to be also sent to a multisig wallet. The rationale behind hiring a market maker is to have a deep liquidity to satisfy the requirements of Chainlink price feeds and some centralized exchanges.

Partnerships

BENQI

Pangolin has partnered with BENQI, a newly launched lending platform on Avalanche, and they have been playing an important role in the recent Avalanche Rush by securing $1B liquidity.

Snowball

We have also formally partnered with Snowball, which is the first auto-compounder on Avalanche. Snowball and Pangolin have been working closely for a long time.

Portfolio Trackers

Until now, Pangolin's info page and markr.io were the only options to track your Avalanche portfolio. With the recent surge in interest in Avalanche, cross-chain portfolio trackers started integrating Pangolin. Now you can use zapper.fi, DeBank, and 0xtracker to track your Avalanche portfolio.

AMAs

KUU Finance

We will have an AMA with KUU Finance Wednesday August 25 at 8 PM UTC on Telegram. KUU Finance enables DeFi users to profit from arbitrage and liquidation opportunities.

Twitter

Favorite Avalanche Token

What is your favorite Avalanche token? Let us know.

Upcoming Events

Majority of Pangolin users think that $180M incentive program is the most exicing upcoming event. What do you think?

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.

Pangolin