The Pangolins Revolution: A New Way to Earn Rewards for Your Dapp Loyalty

Pangolin, a community-driven decentralized exchange with fast settlement, low transaction fees, and a democratic distribution, has introduced a unique way to reward users for their loyalty to the platform: the Sunshine and Rainbow staking system.

This system increases the annual percentage rate (APR) for users the longer they stay in the “farm,” encouraging people to be loyal to the platform and contributing to more sticky liquidity and less volatility in the total value locked (TVL). So if you're a user of Pangolin and want to be rewarded for your commitment to the platform, the Sunshine and Rainbow staking system is worth checking out.

About Pangolin

Pangolin was launched in February 2021 on the Avalanche C-Chain as a proven concept for automated market makers (AMMs). It facilitated over 15 billion dollars in trading volume in its first year. Pangolin now aims to expand to multiple chains, with deployments planned for the Flare Network and Near in 2022. The platform offers a variety of features for users, including an automated market maker (AMM) exchange, limit orders, liquidity provision, farming, staking, airdrops, and the ability to buy crypto with a credit/debit card. Pangolin also allows users to track their portfolio and token watchlist and to vote on proposals using governance tokens.

Components

As part of Pangolin's expansion to multiple chains, the team has moved all its new multi-chain components into a separate repository to allow for incremental decoupling from the original Uniswap codebase. This modular architecture means that any widget on Pangolin's new user interface (UI) is available as a component. For example, the DEX as a Service (DaaS) feature allows other projects to import Pangolin's Swap Widget into their website.

The Pangolins Sunshine and Rainbow staking system

A unique approach to rewarding users for their loyalty to a decentralized application (dapp). It works by increasing users' annual percentage rate (APR) the longer they stay in the farm. Rewards start at zero and increase over time, meaning consistent users of the dapp are rewarded more than those who quickly buy and sell.

This system is meant to encourage people to be loyal to the dapp rather than acting as mercenaries who are only interested in quick profits. The Pangolins team believes that the Sunshine and Rainbow staking system will lead to more sticky liquidity and less volatility in the total value locked (TVL).
If you're a user of Pangolin and want to be rewarded for your commitment to the platform, the Sunshine and Rainbow staking system might be worth checking out. It's a way to earn more rewards for your loyalty and support of the dapp.

Pangolin's Features and Commitment

Pangolin also has several other features that users may find helpful. For example, you can buy utility tokens such as AVAX, NEAR, DOT, ATOM, or HBAR using a credit/debit card, track your portfolio and token watchlist, and vote on proposals using your governance tokens.

Pangolin is also committed to open-source and modular architecture. Therefore, any widget you can see on Pangolin's user interface (UI) is available as a component, and the DEX as a Service (DaaS) allows other projects to import Pangolin's swap widget into their website.

Looking to the Future: Pangolin's Multi-Chain Journey

Since its launch on the Avalanche C-Chain in February 2021, Pangolin has facilitated over $15 billion in trading volume in its first year. In addition, the platform has embarked on a multi-chain journey, with upcoming Flare Network and Near deployments in 2022.

Pangolin's move to multiple chains follows a trend among decentralized finance protocols, which have sought to reach more users by deploying on various chains. Protocols such as Uniswap and Aave have been deployed on several chains over the past year. Pangolin's expansion to numerous chains will allow it to reach an even larger audience.

To Summarize

Pangolin's Sunshine and Rainbow staking system is a novel approach to rewarding user loyalty on a decentralized exchange. By increasing the APR for users the longer they stay in the farm, Pangolin can encourage long-term engagement and discourage quick profits. This approach is a departure from the more common liquidity mining programs offered by other DeFi platforms and may lead to more sustainable growth and liquidity in the long term. If you're a user of Pangolin looking to earn more rewards for your commitment to the platform, be sure to check out the Sunshine and Rainbow staking system.