Deep dive into the multi-chain DEX Pangolin, exploring its cross-chain layout from Avalanche to Hedera, innovative governance mechanisms, and token economics, analyzing how it drives the development of the next generation of decentralized financial ecosystems.
The origin and core philosophy of Pangolin
Pangolin is a multi-chain DEX based on an Automated Market Maker (AMM) model, launched on Avalanche in 2021. It draws on Uniswap V2’s constant product formula to provide a fast, low-cost, and stable trading experience. The vision of Pangolin DAO is to create a truly chain-agnostic trading platform that supports multiple efficient and low-fee public chains, paving the way for the cross-chain era.
Hedera: The new battlefield of Pangolin
Pangolin chooses to enter the Hedera Network, which is a permissioned leaderless Proof-of-Stake network that uses the Hashgraph consensus algorithm, offering advantages such as high throughput, low latency, and carbon-negative emissions. Hedera supports various mainstream programming languages, and transaction fees are transparent and denominated in USD, providing a friendly environment for developers and users.
cross-chain strategy and governance design
Due to the immaturity of existing bridging technology, Pangolin issues exclusive governance tokens (such as PBAR on Hedera) on each new chain to avoid liquidity dilution while achieving localized governance. Users can easily perform cross-chain operations through pangolin.exchange and enjoy the synergistic effects of a multi-chain ecosystem.
Hedera Ecosystem Highlights
At Hedera, Pangolin offers a variety of products including token swaps, liquidity pools and farms, and single-sided liquidity provision. The innovative reward mechanism “Sunshine and Rainbows (SAR)” allows rewards to grow automatically through compound interest. In terms of governance, users stake PBAR to mint NFTs for decision-making, while the platform’s data analysis tools help users grasp their investment status.
Token Economics and Market Strategy
PNG, as the native token of Pangolin, has a total supply of 230 million tokens, distributed to liquidity providers, airdrops, and the treasury. PBAR is the exclusive governance token for Hedera, granting holders voting rights. Pangolin adheres to compliance, does not conduct private placements or ICOs, and continues to buy back and burn PNG, driving the increase in token value through user growth.
Transaction fees and Decentralization governance
The platform charges a 0.3% transaction fee, which is fully returned to liquidity providers, continuing the classic design of Uniswap V2. Governance is led by Pangolin DAO, and in the future, complete on-chain governance will be introduced to ensure decision-making is transparent and decentralized, enhancing community participation.
Summary
Pangolin is actively building multi-chain decentralized exchange infrastructure, expanding from Avalanche to Hedera, promoting cross-chain collaboration and ecological integration. With innovative governance and token economic mechanisms, Pangolin is expected to become one of the core DEXs in the multi-chain era, continuously leading the future development of decentralized finance.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
