Pangolin is an Automated Market Maker (AMM)-powered decentralized exchange (DEX) operating on the Avalanche blockchain, designed to facilitate fast, low-cost trades with a community-driven approach. This guide explores Pangolin’s features, the PNG token, its tokenomics, and its potential in the DeFi landscape for 2025.
Key Takeaways
- Decentralized Trading: Pangolin leverages Avalanche’s high-speed, low-fee infrastructure to offer an AMM model akin to Uniswap.
- Unique Features: Super Farms, limit orders, and multi-chain compatibility set Pangolin apart.
- PNG Token: A governance token with a capped supply, enabling staking, liquidity mining, and community governance.
- Growth Potential: Positioned as a leading DEX within Avalanche’s expanding DeFi ecosystem.
What Is Pangolin Exchange?
Launched in February 2021 by Ava Labs, Pangolin is a fully decentralized exchange supporting Ethereum and Avalanche tokens via the Ethereum Virtual Machine (EVM). Key attributes include:
- Speed: Processes 4,500 TPS (vs. Ethereum’s 15–30 TPS).
- Low Fees: Avalanche’s reduced gas fees make trading cheaper than Ethereum-based DEXs.
- Community Focus: 100% of PNG tokens are distributed to users via liquidity mining and airdrops.
How Pangolin Works
Pangolin’s AMM protocol enables:
- Token Swaps: Trade assets via liquidity pools with a 0.3% fee (distributed to LPs, stakers, and the DAO treasury).
- Liquidity Provision: Users deposit paired assets to earn fees and PNG rewards.
Additional Features:
- Staking: Earn ~24% APR by staking PNG.
- Super Farms: Boost yields (up to 115% APR) with partner tokens like Kalao (KLO).
- Bridging: Transfer ERC-20 tokens between Ethereum and Avalanche via the Avalanche Bridge.
Pangolin’s Unique Offerings
| Feature | Description |
|---|---|
| Limit Orders | Set buy/sell thresholds, akin to centralized exchanges. |
| Super Farms | Enhanced liquidity mining with multi-token rewards. |
| Multi-Chain | Supports Ethereum and Avalanche tokens via EVM compatibility. |
Benefits of Using Pangolin
- Cost Efficiency: Lower fees than Ethereum DEXs (e.g., Uniswap).
- Speed: Near-instant transactions minimize slippage.
- Diverse Tokens: Access to Ethereum and Avalanche assets.
- User Empowerment: Community governance via PNG token voting.
PNG Tokenomics
- Max Supply: Capped at 230 million PNG.
Distribution:
- 83% to liquidity providers.
- 13% to the treasury.
- 4% for airdrops.
- Utility: Governance, staking rewards, and protocol fee allocation.
Pangolin’s Future Potential
With Avalanche’s scalability and Pangolin’s innovative tools (e.g., NFTs in development), the DEX is poised to grow as a cornerstone of Avalanche’s DeFi ecosystem.
FAQs
Is Pangolin safe?
Yes—it’s a non-custodial DEX; users retain control of their funds.
How do I stake PNG?
Connect an Avalanche-compatible wallet (e.g., MetaMask) and stake via Pangolin’s platform.
Can I use Pangolin without AVAX?
No, you need AVAX for gas fees.
What’s PNG’s price outlook?
Performance depends on Avalanche’s adoption and Pangolin’s feature rollouts.
Disclaimer: This content is for informational purposes only. Conduct independent research before investing.