Multichain support enhances network connectivity, increases liquidity, and provides users with a flexible trading experience. Pangolin’s native governance token, PNG, allows the community to participate directly in the platform’s development.

Pangolin V3 Features

Pangolin V3 marks a significant upgrade for both the platform and the Avalanche DeFi ecosystem. Its concentrated liquidity model improves capital efficiency and reduces slippage, while the dynamic fee mechanism balances trader costs with liquidity provider rewards in real time.

Key features include:

• Concentrated Liquidity

• Dynamic Fee Mechanism

• Multiple Fee Tiers

• Unrestricted Liquidity Provision

• Non-Fungible Liquidity Positions

• In-Range Farming

• Dual-Reward Superpools

• Optimized for Avalanche and Other Networks

Team Overview

Pangolin’s team consists of experts in finance, economics, business, marketing, blockchain and software development, design, and community management. Key team members include:

• Justin Trollip – CEO

• Brandon Mino – CTO

• Shane McCann – CFO

• Sarju Hansaliya – Lead Frontend Engineer

• Pedro – Software Engineer & Developer

• Shung – Smart Contract Engineer

Project Concept

Pangolin aims to provide decentralized trading for Avalanche and Ethereum-based assets while building a community-driven ecosystem. Users can swap tokens, provide liquidity, stake for earnings, and participate in governance.

Investors and Key Partners

Pangolin launched without primary investors, using a 100% community-focused token distribution model. Strategic partners enhance liquidity, accessibility, and functionality: Avalanche, Coinbase, Thorchain, Axelar, Flare Network, NEAR Protocol, Squid, OpenOcean.

How It Works

Pangolin operates as an Automated Market Maker (AMM):

• Users swap tokens from liquidity pools at low fees (0.3%), optimized by an advanced swap aggregator.

• Liquidity Providers (LPs) deposit token pairs into pools to earn PNG rewards and transaction fee shares.

• PNG can be staked for additional income; seasonal events (e.g., XMAS Stake) increase APR.

• V3 enables leveraged perpetual trading through Orderly integration.

• Multi-layer audits and Avalanche’s subnet structure ensure security.

Platform Tokens

Pangolin’s ecosystem is built on four multichain governance tokens:

• PNG – Avalanche network

• PFL – Flare network

• PSB – Songbird network

• PBAR – Hedera network

These tokens provide community-driven governance rights, allowing holders to vote on protocol upgrades and strategic decisions. Token distributions are fully community-focused with no allocations for advisors, insiders, or team members.

Use Cases

• Governance: PNG holders vote on platform development

• Staking: Earn revenue share by staking PNG

• Liquidity Incentives: LPs earn rewards

• Yield Farming & Super Farm Rewards

PNG Token Details

• Initial Launch: February 2021 (V1 tokenomics)

• Max Supply: 230 million PNG (V2 tokenomics)

• Total Supply: 230 million PNG

• Circulating Supply: 224.37 million PNG

• Distribution:

  • Liquidity Providers: 83%

  • Community & staking rewards: 17%

  • Advisors/investors: None

Ecosystem

Pangolin is one of the leading DEXs on Avalanche and is evolving into a multichain DeFi hub. Key ecosystem components include:

• Avalanche C-Chain – core operations

• Multichain Integration – NEAR, Flare, and other chains

• Deep Liquidity Pools & Farming – for AVAX and partner tokens

Features

• Token Swaps & Liquidity Pools

• Yield Farming & Super Farm Rewards

• Limit Orders & Advanced Trading Tools

• Portfolio Tracking & Watchlists

• In-App News Updates

• DEX-as-a-Service (DaaS) Integration

Official Links

• Website
• Twitter
• Telegram
• Discord

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The post What is Pangolin (PNG) ? appeared first on Coin Engineer.

Team and Investors 

Balancer’s founding team consists of experienced names from the tech and finance sectors. The project gained early support from prominent investors and partners. 

• Founder: Fernando Martinelli 
• Mike McDonald: Co-founder and CTO of Balancer 

Key Investors and Partners: 

Investors: Major crypto funds such as Pantera Capital, Alameda Research, and Blockchain Capital have invested in Balancer, signaling strong confidence in the project. 

Strategic Partners: Integrations with DeFi giants like Aave and Gnosis Protocol enabled innovative features such as “Boosted Pools.” Balancer is also integrated with chains like Polygon zkEVM, Avalanche, and Base, strengthening its multichain strategy and broadening its user base. 

Project Vision 

Balancer’s core idea is to bring flexibility and customization to liquidity pools in decentralized finance (DeFi). Unlike traditional AMMs, Balancer allows for pools with unequal token ratios, offering broader use cases. This enables users to build diversified portfolios and perform more efficient swaps. 

How the Project Works 

• The protocol is based on a system of pools where users can act as liquidity providers (LPs) and perform token swaps. 
• Pools: Smart contracts combining multiple tokens. These pools range from fixed-weight to dynamic-fee types. 
• Routers: Interfaces that simplify complex interactions with the Vault, making the user experience more accessible. 
• Vault: The central component that manages all token and liquidity activities. All pools operate on top of the Vault. 

Roadmap 

Balancer’s roadmap emphasizes continuous innovation. The launch of V3 is a key milestone. Future plans include: 

• More network integrations 
• New pool types 
• Enhanced decentralized governance 

Past Milestones: 

2020: Balancer launched and introduced weighted pools, allowing for flexible token ratios beyond the standard 50/50. 

2021: Balancer V2 released with a single-vault architecture, lower gas fees, flexible pool types, and oracle integration. 

2024 & Beyond: Balancer V3 introduced a modular structure with developer-friendly features like hooks and customizable pools. 

Ecosystem 

The Balancer ecosystem hosts a variety of projects and products built on the protocol. 

Gyroscope and Xave: Developed custom pool types leveraging Balancer’s flexible architecture. 

veBAL: Represents locked BAL tokens, granting increased rewards and governance power to participants, supporting decentralization. 

What Is the BAL Token? 

BAL is the governance token of the Balancer protocol, giving holders the right to vote on protocol decisions. veBAL holders have increased voting power. 

BAL Token Distribution: 

• Liquidity Providers: Earn BAL based on emission schedules and veBAL voting. 
• Founders, Advisors, and Investors: 25 million tokens allocated with vesting schedules. 
• Ecosystem Fund: 5 million tokens for ecosystem growth and partnerships. 
• Balancer Labs Fund: 5 million tokens to support operations and development. 

Token Info: 

• Total Supply: 69.32M BAL 
• Max Supply: 96.15M BAL 
• Circulating Supply: 66.66M BAL 

BAL Token: Liquidity Mining & Governance 

BAL is a Proof-of-Stake (PoS) token distributed through liquidity provision and governance participation—not traditional mining. The protocol rewards users for contributing liquidity instead of computational power. 

Ways to Earn BAL: 

• Liquidity Provision: Users earn BAL by depositing assets into Balancer pools, offering passive income and supporting liquidity depth. 
• Governance Participation: BAL holders can vote on key protocol decisions, actively shaping the future of Balancer. 

What Makes Balancer Unique? 

Customizable Liquidity Pools: Users can create pools with any token ratio, offering flexibility compared to traditional AMMs. 

Ecosystem Incentives: BAL rewards attract liquidity providers and strengthen long-term protocol growth, while promoting decentralization through governance participation. 

Official Links 

• Website
• Twitter
• Medium
• Discord

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The post What Is Balancer (BAL)? A Flexible AMM Protocol Explained appeared first on Coin Engineer.