Pangolin Newsletter #14 - September 10, 2021

Sep 10, 2021

PNG Staking

PNG staking is finally here! Powered by $2M in AVAX from Avalanche Rush.

Stake PNG > Earn AVAX. No lockup, no fees, no impermanent loss! Over 7M PNG have already been staked in the first week. The APR is currently over 70%.

Farms

Low Value PNG Farms

Following the successful Snapshot proposal, low value PNG farms have been removed. New reward pools added through the Universal Guidelines now only have AVAX pairs.

New Farms

AVAX pairs of ZABU, JOE, YETI, TUNDRA, SWAP.e, START, and XDO now receive PNG rewards.

YAY and STORM have been added as well!

Governance

Governance Agility

A new successful governance voting will change execution delays from 7 days to 2 days to improve governance agility. This will not change the voting period; it will only change the execution delay of on-chain proposals after they are accepted.

Hiring Market Maker

Pangolin turned on the switch that routes 0.05% of swap fees. The fees will first be used to fund a market maker. Then it will be used to implement a buy-back and burn program.

PNG Allocation for Partner Liquidity Mining

There has been a Snapshot vote to allow Pangolin multisig to allocate up to $100,000 for offering liquidity mining incentives for partners.

Partnerships

xDollar

We have partnered with xDollar, a cross-chain lending platform for non-custodial stablecoin xDollar. With this partnership xDollar chose Pangolin as its primary liquidity platform and supplied AVAX-xUSD and AVAX-XDO pairs.

TrustSwap

We have also partnered with TrustSwap, a cross-chain DeFi platform. The platform is a leader in IDOs and token & liquidity locks. With this partnership Pangolin added reward pool for AVAX-SWAP.e pair.

ParaSwap

An exciting partnership of the week is with ParaSwap. ParaSwap is a leading DEX aggregator and has recently come to the Avalanche through the Avalanche Rush Program. With this partnership ParaSwap will integrate Pangolin to its platform.

YAY Games

We have formalized our partnership with YAY games and added a farm for YAY-AVAX.

Axelar

A new partnership with Axelar will allow pangolin to use their cross-chain technology to bring assets and trading options to Avalanche.

App Improvements

Pool Sorting

Now it is possible to sort farms by liquidity, APR, or pool weight. This has been a nice addition to pool filtering function that was added last week.

Trading View ???

Justin hinted at possible trading view integration in a Twitter post

Pangolin Logo Contest

Pangolin's creative logo contest winners have been announced on Twitter! First place went to the work below by @kakadesain91.

Interviews & AMAs

Subnet Show

Pangolin CEO Justin Trollip was a guest on Subnet Podcast hosted by Ava Labs engineers Gabriel Cardona and Connor Daly.

Avaxholic AMA

Pangolin COO Leo joined Avaxholic for an AMA.

Twitter Spaces with Mark from Avalaunch

We joined Mark from Avalaunch on Twitter spaces. Recording will be posted soon

Based Space

The team as hosted by Based Space on Twitter. Recording coming soon.

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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