Pangolin Newsletter #13 - August 31

Sep 01, 2021

Stats

Twitter

There are now over 40 thousand people following Pangolin on Twitter!

Fiat On-Ramp

In just one week, over 250 users have used Pangolin’s fiat on-ramp to buy AVAX with their credit card or Apple Pay. Try it yourself!

Farm Page Update

The farm page now shows APRs from both swap fees and PNG rewards. As the primary DEX with top volumes on Avalanche, Pangolin offers the great yields from swap fees.

PNG Rewards

Key Pair Rewards

Following the two successfull Snapshot proposals (1, 2), the reward multipliers of WETH.e, USDT.e, DAI.e, and USDC.e pools have been increased to 10.

New Pools

Many new pools have been added to PNG rewards this week. First, USDC.e, TUSD, LYD, HUSKY, and GAJ, second, GDL, MFI, SHIBX, AVE, and ELE, and last FRX were added.

Removal of Low Liquidity Pairs

Pangolin can support around 80 rewarded pools due to technical limitations, and there are currently 65 rewarded pools. A new governance proposal suggests discontinuing rewarding low liquidity pools.

PNG Lending with MarginSwap

PNG holders can now lend their PNG to earn huge incentives! Our partner MarginSwap is offering their MFI token as a reward for lenders.

Partnerships

Eleven Finance

We have partnered with Eleven Finance, a cross chain yield optimizer and leveraged yield farming platform. With this partnership, Eleven Finance will integrate their platform with Pangolin’s reward pools.

Frax Finance

We have also partnered with Frax Finance, which is the first fractional-algorithmic stablecoin protocol. With this partnership, we hope to boost the availability of diverse stablecoins on the Avalanche ecosystem.

Starter

Last partnership of the week is with Starter.xyz Launchpad. Starter is an established IDO platform, which will be an important benefit to have in the Avalanche ecosystem.

YAY Games

We will also be partnering with YAY Games, which is a decentralized gaming platform. The official announcement will be coming in the next week.

Other

Logo Contest

Do you want to win some PNG? Or maybe you just want to have some fun! Join the creative Pangolin logo contest!

What Happened Last Week?

Read about last weeks events and its effects on Pangolin, by The Defiant!

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.

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