Pangolin is a leading decentralized exchange (DEX) launched by AvaLabs in 2021, primarily operating on the Avalanche network. The platform enables users to swap tokens, provide liquidity, and earn rewards with full control of their funds. Pangolin V3 introduces concentrated liquidity, Superpools with dual rewards, and NFT-based liquidity positions.
Key Features
- Leading DEX on Avalanche, launched by AvaLabs
- Pangolin V3 with concentrated liquidity for maximized efficiency
- Superpools with dual rewards (PNG + AVAX or partner tokens)
- NFT liquidity positions — tokenized, transferable positions
- Dynamic fees that adapt to market conditions
- Multiple fee tiers for liquidity provision
- In-range farming for higher rewards
- Supported networks: Avalanche (AVAX), Hedera, Flare, and Songbird (SGB)
- PNG token with $5.3M market cap
- Cross-chain partnerships with Thorchain, Axelar, Flare, and Squid
- Backed by Avalanche, Coinbase, and other world-class partners
How It Works
Pangolin V3 operates as a concentrated liquidity AMM on Avalanche and other supported networks. Liquidity providers can allocate funds to custom price ranges, maximizing capital efficiency and earning higher rewards compared to traditional AMMs. Liquidity positions are tokenized as NFTs, holding range, pair, and fee tier details, and are fully transferable. Superpools offer dual rewards — liquidity providers earn both PNG tokens and partner tokens (like AVAX) simultaneously. Dynamic fees automatically adjust based on market conditions, protecting liquidity providers during volatility. The in-range farming feature incentivizes active position management by offering higher rewards when liquidity is maintained within target price ranges. Users can swap tokens across supported networks including Avalanche, Hedera, Flare, and Songbird.
Best Suited For
DeFi traders and liquidity providers on Avalanche and partner networks who want concentrated liquidity with maximized efficiency, dual-reward Superpools, and NFT-based transferable positions — particularly those seeking higher yields through active liquidity management.
