Pangolin and Penguin Finance announce a formal partnership
Pangolin is proud to announce a formal partnership with Penguin Finance. Penguin finance is a DeFi protocol bringing yield-farming, staking and more functionalities to the Avalanche Network. Penguin’s platform and community have been an integral part in growing the Avalanche ecosystem. Penguin’s platform offers staking, yield farming, launchpad, games, NFTs and more.
Since the beginning of their launch, Penguin Finance has been closely aligned with Pangolin. Penguin chose Pangolin as its primary liquidity provider, and allows staking of Pangolin’s LP tokens to farm their native PEFI token. The PEFI token is a top 15 token on Pangolin in terms of liquidity and trading volume. Additionally, Penguin has helped launch important ecosystem projects like Sherpa Cash through their launchpad, and will continue to help new projects launch on the network.
With a formal partnership, Pangolin hopes to continue its close alignment with Penguin, as well as support the project’s success and growth in the Avalanche ecosystem. Starting Wednesday August 4th, Pangolin will add PNG rewards pools for the AVAX-PEFI pair at 1x multiplier and the PNG-PEFI pair at 5x multiplier.
About Penguin Finance
Penguin Finance is a platform powered by Avalanche building an innovative set of decentralized applications, financial products, and documentation for both technologically savvy individuals and those with absolutely no knowledge of cryptocurrency.
We’re bridging the gap between DeFi and mass adoption by offering ultra-low fees, an intuitive UX design, and the best documentation/tutorials. PeFi is made for penguins, by penguins.
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.