Pangolin

Pangolin is a decentralized exchange (DEX) launched in 2021 by AvaLabs that operates as a multichain platform. It allows users to swap tokens, provide liquidity, and earn rewards across multiple blockchain networks including Avalanche, Hedera, Flare, and Songbird. By supporting these chains, Pangolin facilitates cross-chain token trading and liquidity provision, enabling users to access diverse ecosystems from a single interface while retaining full custody of their assets.

The platform's latest iteration, Pangolin V3, introduces a concentrated liquidity model that significantly improves capital efficiency and reduces slippage for traders. It also features a dynamic fee mechanism that adjusts fees in real time based on market volatility, balancing costs for traders and rewards for liquidity providers. Liquidity providers gain granular control over their positions and can earn both swap fees and in-range farming incentives, enhancing yield opportunities.

Security is a key focus for Pangolin, with the platform undergoing multiple audits by reputable firms to ensure robustness and transparency. Its DAO governance model is one of the largest on Avalanche, empowering the community to participate in decision-making and protocol upgrades. Developers can integrate with Pangolin through comprehensive APIs and smart contract references, enabling custom DeFi applications and liquidity management tools. The platform’s documentation provides detailed guides on swapping, liquidity provision, rewards, and governance participation, making onboarding straightforward for developers and users alike.