Pangolin App Upgrades
Analytics: USD/AVAX Toggle
It is now possible to view the total liquidity on analytics page both in USD and AVAX. Previously, this chart was only available in USD-adjusted AVAX, which resulted in historical liquidity to change based on the current price of AVAX.
Swap Optimization
The other update in this week has been the routing optimization. Previously, a swap was routed through only one extra pair if the rate was more favorable than direct swapping. Now, Pangolin will also consider routing through two pairs. This optimization is especially useful for large transactions and uncommon pairs.
June Finance Update
The first of a series regarding Pangolin's finances was posted on our forum. The post includes a report of the monthly expenses, retrospective on Gate.io listing, and plans for the future. We highly suggest you to read this post as it is packed with information.
Partnerships
DeFi Yield Protocol (DYP)
We have partnered with DeFi Yield Protocol (DYP). DYP is a cross-chain yield farming protocol which also offers advanced trading tools. This partnership is expected to bring more liquidity from other networks onto Avalanche and into Pangolin. DYP had also partnered with Avalanche a month ago.
AVME Wallet
AVME is the first desktop wallet solution on Avalanche, and will integrate Pangolin into their wallet. We announced a partnership on Tuesday July 20.
Proposal for Pangolin UX Designer
A proposal to hire a UX designer was submitted by Abdullah Bayraklılar. The Core Team would be thrilled to have Abdullah onboard and here is some information on his background:
10 years experience in product development
Learned UX through Interaction Design Foundation
Has been getting involved with the Avalanche DeFi ecosystem since April
Helps out with Sherpa, AVME, and Crypt projects
Abdullah hopes to bring in a more experience oriented design to Pangolin, improve the onboarding experience to both Pangolin and Avalanche, and increase accessibility to broaden the Pangolin community.
Pangolin Rewards
Universal Guidelines
A post on Universal Guidelines has been submitted on the governance forum concerning universal guidelines for PNG rewards. The guidelines suggest certain requirements, such as having $50k+ token liquidity, to streamline adding pairs for PNG rewards.
BNB & BIFI Pairs
Following two successful Snapshot proposals, BNB and BIFI pairs will now receive PNG rewards. Both BNB and BIFI are native Binance Smart Chain (BSC) tokens which became available to us through AnySwap bridge. BNB is the main token of BSC and Binance exchange. BIFI is the token of the yield optimizer Beefy Finance which has been autocompounding many Pangolin pairs for a while. Visit snapshot.org to stay up to date with proposals.
Multi-sig Wallet Update
Jomari Peterson has replaced Sabo as a signer on the Pangolin Multisig Wallet. You can see the updated list of signers and learn more about Jomari in the forum.
Blockfolio Listing
Vote for PNG to be listed on Blockfolio! Blockfolio is a popular portfolio-tracking app. You can vote here to increase the visibility of the request.
AMAs and Interviews
This Week
We will have an AMA with BenQi Tuesday July 20 at 8 PM UTC. Join our Telegram AMA channel to participate.
Last Week
If you have missed our July 14 AMA with the Pangolin Team, we have got you covered. You can listen to the complete recording on our YouTube channel.
We also had an AMA for Avalanche Chinese community. This AMA was held at the Avalanche Chinese Telegram channel.
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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