Pangolin Launches Token Exchange and Liquidity Contract Functions on Evmos
On February 22, Avalanche native multi-chain DEX Pangolin launched token exchange and liquidity contract functions on Evmos. This major deployment will connect…
On February 22, Avalanche native multi-chain DEX Pangolin launched token exchange and liquidity contract functions on Evmos. This major deployment will connect the Pangolin community to the cross-chain ecosystem where Cosmos supports IBC, and will also bring more liquidity to Evmos.
Avalanche DEX Pangolin deployed on Evmos
Interpretation of the news:
Pangolin, a native multi-chain decentralized exchange (DEX) on the Avalanche network, announced the launch of token exchange and liquidity contract functions on Evmos on February 22, 2022. This significant deployment will connect the Pangolin community with the cross-chain ecosystem, where Cosmos supports IBC, and will also bring more liquidity to Evmos.
Pangolin is a decentralized exchange that allows users to trade tokens and earn yield on their assets. The platform operates on the Avalanche network, providing users with fast and cheap transactions. The integration of Pangolin into Evmos is crucial to expanding its user base and providing added liquidity to the network.
Evmos is a Cosmos-based blockchain that provides a new level of interoperability with the IBC protocol. The implementation of Pangolin by Evmos will enable Pangolin users to gain access to the Cosmos ecosystem and other connected chains. The token exchange function will allow users to trade Pangolin’s native token, PGL, and other tokens within the Cosmos ecosystem. Meanwhile, the liquidity contract function will enable traders to provide liquidity to the network in exchange for yield.
The integration of Pangolin into Evmos will enable cross-chain transactions and further interoperability between Avalanche and Cosmos ecosystems, providing users with greater access to assets and opportunities. It will also allow users to benefit from the unique features and benefits of both networks.
In conclusion, the deployment of the Pangolin token exchange and liquidity contract functions on Evmos is a significant step towards creating a more connected and interoperable blockchain ecosystem. This integration will enable the Pangolin community to gain broader access, bringing more liquidity to the Evmos network while enhancing the Pangolin network’s overall capabilities.
Keywords like Avalanche, multi-chain DEX, Pangolin, token exchange, liquidity contract, Evmos, cross-chain ecosystem, Cosmos, IBC, and liquidity in this message indicate the essential features of this deployment. This integration is essential to expand the audience and allow cross-chain operations, giving systematic benefit to all its users.
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