Pangolin adds a formal partnership with xDollar
Pangolin is happy to announce a partnership with xDollar, a cross-chain lending platform. xDollar allows users to borrow a non-custodial stablecoin, xUSD against AVAX collateral on Avalanche, with a minimum collateral ratio of only 110%. The platform implements a systematic liquidation mechanism (stability pool) and fair platform revenue fee distribution (stacking pool). xDollar’s vision is to become the next-generation multi-collateral chain agnostic stablecoin.
Stablecoins and lending platforms are a key building block of DeFi, and so Pangolin is keen to support platforms that allow users the freedom of collateralizing their AVAX to borrow stablecoins. The free flow of capital in the Avalanche ecosystem created by platforms like xDollar promotes growth and opportunity.
xDollar has selected Pangolin Exchange as its primary liquidity platform and has added the AVAX-xUSD and AVAX-XDO pairs. Pangolin has added farms for both of these pairs to support liquidity.
“We are a well established multichain dapp and excited to be integrating into Avalanche ecosystem. We are very excited to utilize Pangolin’s routing and liquidity. Our community loves the new chain launch on AVAX and looks forward to more partnerships to boost the presence of xDollar there. Thereby Pangolin is our first few AVAX partners for xUSD and XDO holders to experience its trading pairs.” — Captain X, xDollar Co-Founder”
xDollar is an interest free lending platform that users can borrow non-custodial stablecoin, xUSD against MATIC collateral on Polygon and AVAX collateral on Avalanche with a minimum collateral ratio of only 110%. The platform implements a systematic liquidation mechanism (stability pool) and fair platform revenue fee distribution (stacking pool). xDollar’s vision is to become the next-generation multi-collateral chain agnostic stablecoin.
About Pangolin Exchange
Pangolin Exchange is a community-driven decentralized exchange (DEX) with fast-settlement, low fees, and a democratic process. Built on the Avalanche Network. Pangolin brings you the best trading opportunities to find and maximize your yield.