Pangolin V2 protocol
Overview
Pangolin, a decentralised exchange initially launched on Avalanche, has expanded to Hedera, Flare and Songbird. The V2 upgrade added concentrated liquidity pools and dynamic fee tiers while retaining constant-product pools. Tokenomics shifted to a ve(3,3) model, where PNG holders lock tokens for vePNG to influence emission distribution and earn a portion of swap fees, with a bribe system enabling protocols to solicit votes. The PNG total supply was also cut during this change.
Within The Counterparty graph, Pangolin V2 connects to 1 tracked entity, most strongly to Avalanche.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 1 of 1 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Avalanche | 90% |
Sources
Facts in this record were checked against the following. Where a claim is not covered here, the record states only what the graph holds.
Questions on the record
On which blockchain networks is Pangolin operational?
Pangolin initially launched on Avalanche and subsequently expanded to Hedera, Flare, and Songbird.
What is the function of the PNG token?
PNG serves as Pangolin's governance token. By locking it as vePNG, holders gain voting rights over emissions and become entitled to a share of protocol swap fees.