Pangolin

Pangolin is a community-driven, multichain decentralized exchange (DEX) that originated on Avalanche and expanded to networks like Hedera, Flare, and Songbird. It offers fast, low-cost swaps, liquidity provision, and a DAO-governed roadmap. The latest iteration (often called Pangolin V3) adds concentrated-liquidity pools and tools to improve capital efficiency and LP rewards.

Key Features

• Spot DEX (V2 & V3): Classic AMM pools plus concentrated-liquidity pools with multiple fee tiers and improved routing.
• In-Range Farming & Superpools: Rewards that emphasize active, in-range liquidity; some pools distribute multiple reward tokens.
• SAR (Sunshine & Rainbows) Incentives: A game-theory–influenced framework aimed at stabilizing long-term liquidity.
• DAO & Governance (PNG): Community voting on upgrades, emissions, listings, and treasury actions.
• Multichain Footprint: Unified UI and contracts across Avalanche and other supported networks, with chain-specific analytics/APIs.

Key Takeaways

• Avalanche Roots, Multichain Reach: Built for fast, low-fee swaps while extending liquidity to additional ecosystems.
• Capital-Efficiency Focus: Concentrated ranges and in-range rewards can boost LP yield but often require active management.
• Community-Led Roadmap: PNG holders steer incentives and feature rollouts.
• Do Liquidity Checks: Depth and APRs vary by chain/pair—confirm pool liquidity and expected slippage before large trades.

Final Thoughts

If you’re active on Avalanche (or Hedera/Flare/Songbird) and want a DEX with modern CLAMM mechanics and community-driven incentives, Pangolin fits the bill. Traders benefit from efficient routing; LPs can target ranges and incentives for higher fee capture—just be prepared to monitor and adjust positions as markets move.