Pangolin (PNG), the first exchange to have emerged on the Avalanche blockchain (AVAX), announces a series of projects through its roadmap for the first quarter of 2022. Measures to catch up with its competitor Trader Joe
DEX Pangolin (PNG) publishes its roadmap
The Pangolin exchange platform has published its roadmap for the first quarter of 2022. This announcement was made via its Twitter account:
PangolinDEX Q1 roadmap!DeFi will change rapidly in a cross-chain world, we’ll be at the forefront of major opportunities.
Q1:
⛓️ Cross-chain, starting with $UST
Re-invented DEX experience
Enabling institutional finance
Pangolin academy– Pangolin (@pangolindex) January 5, 2022
Pangolin is a decentralised exchange (DEX) of the Avalanche blockchain (AVAX). It has been in existence since February 2021 and currently has over $12 billion in total volume.
It uses a model similar to Uniswap’s Automated Market Maker (AMM) and its governance token is PNG, which is exchangeable against all Ethereum (ETH) and Avalanche (AVAX) blockchain tokens.
The exchange allows for some of the fastest transactions in the blockchain world, as Avalanche allows for transaction completion times of approximately 1 second, at a low cost.
The platform offers liquidity swap, staking and liquidity pooling solutions, among others.
New tools and cross-chain support
Pangolin has announced 4 major new features coming in Q1 2022:
- Swap and cross-chain farming possibilities. In a move to expand the aura of the Avalanche ecosystem, the swap platform will add cross-chain support. At the same time, Pangolin announces the integration of UST, the stablecoin of the Terra blockchain. As a reminder, UST recently moved up to 4th place in terms of market capitalisation in the stablecoin rankings.
- A graphical redesign of the interface and additions of tools like limit orders, trading options and double rewards for farming.
- Building on its recent integration with the Gnosis Safe multi-signature portfolio, Pangolin’s article explains that Avalanche DAOs will be able to take full advantage of the possibilities offered by the DEX tools. The platform’s current goal is to convince traditional finance platforms to join the DeFi world and multisignature would be a first step in that direction.
- Announcement of the “Pangolin Academy”, a project that aims to educate beginners in the world of cryptocurrencies in an interactive way in order to bring more people back into the DeFi community. The project will also allow interested parties to test decentralised applications (Dapps) in development. A knowledge library will also be set up. This would be a project similar to the Binance Academy.
According to the Pangolin developers, these 4 measures are just the beginning and will open up a new field of possibilities for both the exchange platform and the Avalanche ecosystem.
