Pangolin Review 2023
Pangolin is a popular decentralized exchange created by Ava Labs in 2021.
It runs on 2 different chains including Songbird, Avalanche.
Pangolin offers features such as fiat on-ramp, liquidity mining, limit orders, yield farming, spot trading and more.
We rated Pangolin 4/5, based on it's features, security, and future prospects.
Has a fiat on-ramp where you can buy crypto with a credit/debit card.
Pangolin allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by Pangolin.
Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. Pangolin handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.
Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
All DEXs charge trading fees. Pangolin is no different.
Trading fees incentivise liquidity providers to provide liquidity to Pangolin. This enables people like you to freely trade between tokens without incurring too much slippage.
Pangolin does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use Pangolin?
- Get a crypto wallet that supports web3 on one Pangolin's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to Pangolin's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy PNG ?
You can by PNG direct from Pangolin. It is the native token of Pangolin, and they will therefore offer the most liquidity.
Is Pangolin safe?
Yes, Pangolin is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do Pangolin support?
Pangolin supports Songbird, Avalanche.