Pangolin Exchange 2022 Roadmap Released
A community-driven decentralized exchange for Avalanche and Ethereum — Pangolin Exchange released its Quarter II roadmap 2022. The roadmap contains Pangolin’s upcoming plans to further grow its ecosystem as well as to better serve its community.
ROADMAP HIGHLIGHTS:
- Prioritizing features and communication improvements catered to loyal community members
- Implementing infrastructure for a multi-chain Pangolin
- Prioritizing products and services that will increase fee revenue
Over the next three months, expect to see the following:
V2 is Leaving Beta
Pangolin V2 Beta has been launched in Q1 with massive UI and feature improvements. The Pangolin dev team will polish V2 and move it out of beta in the coming months, making it the default for Pangolin website
After the Storm Comes Sunshine and Rainbows (SAR)
Sunshine and Rainbows (SAR) is a novel staking algorithm developed in-house at Pangolin. SAR contracts will utilize a novel algorithm and introduce multiple new concepts in tokenomics and staking architecture.
In this algorithm, staking duration is an extra factor for calculating user rewards. For example, someone staking for a month would have a higher APR than someone staking for one day. This model is not only limited to single-sided PNG staking but it can be used wherever PNG is emitted.
In simpler terms, it is a new staking model that will reward loyal stakers and liquidity providers relatively more than people who dump the rewards.
Community and Content Overhaul
Pangolin wouldn’t have a reason to do anything without its community. And they are renovating the way they deliver content and value to their PNG holders.
Pangolin will implement gated channels in Discord, giving access to insider reports and more in-depth conversations about how its DAO operates.
Cross-Chain Airdrops for PNG Holders
In Q1, Pangolin received a grant to build a NEAR-native version of its platform. In Q2, they will not only be building their DEX on NEAR, but they will also actively explore other chains.
As a thank you to their supporters, they will be airdropping tokens on each new chain to PNG holders, stakers, and PNG-AVAX liquidity providers. They have created an algorithm that distributes airdropped tokens based on time and quantity held.
More Bridges, Fewer Walls
Aligning with its cross-chain launches, Pangolin will integrate the Axelar and Wormhole bridges into Pangolin’s UI. You will be able to use Pangolin to trade on multiple chains and seamlessly bridge using UST as a vehicle.
DEX as a Service — DaaS
DaaS is the Pangolin’s newest product offering and is available for any project on the C-Chain or subnets. Projects will easily integrate Pangolin’s swap widget onto their dApps. They can access all Pangolin’s functionality directly on their interface, including limit orders, in less than an hour.
DeFi Kingdoms is Pangolin’s first DaaS partner, integrating its swap widget into their Crystalvale Outpost. This gives them access to all the liquidity pairs and functions of its swap feature, including limit orders.
New Wallet Integrations
Pangolin will support new wallets during Q2. They were actively working on integrations with xDEFI, NEAR wallet, and others. These integrations will focus on building cross-chain capabilities, aligning with our launches on other chains.
Zapping and Migrate
Pangolin are simplifying LP creation with a single transaction Zap feature. Zap will allow users to switch from a single asset into a double-sided LP token. You can create an LP token with a single transaction instead of spending additional gas fees.
They will also release a new migrate feature to migrate your liquidity tokens. If you have not moved your liquidity from Pangolin V1 yet, you may be losing out on daily rewards.
ABOUT Pangolin Exchange
Pangolin Exchange is a top decentralized exchange (DEX) on the Avalanche Network that provides the best DEX experience through deep liquidity, easy swaps, advanced tooling, and smooth onboarding. Pangolin brings you the best trading opportunities to find and maximize your yield.
RESOURCES
Medium
