Pangolin partners with Marginswap to become the first DEX to offer leveraged trading on Avalanche
Pangolin is proud to announce a partnership with the Marginswap. Marginswap is a decentralized trading protocol that natively supports spot and cross margin swapping of assets on AMMs. Using Marginswap, you can trade a wide variety of tokens, much like you already do on existing protocols, but with leverage. This allows Pangolin to be the first DEX to offer leveraged trading on Avalanche.
The Marginswap app is already live and integrated with Pangolin. Users can deposit PNG, USDT.e, WAVAX, and WETH.e as collateral to gain leverage on their trades. Marginswap is also bridging the MFI token to Avalanche this week so that liquidity providers can earn MFI.
With this partnership, Pangolin users can now trade with margin and leverage on select assets. Marginswap will also allow PNG deposits as collateral, which will earn MFI tokens. Pangolin will add rewards pools for the MFI-AVAX pair at 1x multiplier and MFI-PNG pair at 5x multiplier.
The Marginswap team has been excited about both Pangolin and the wider avalanche ecosystem since the start of our project. Hence we couldn’t be more delighted to see this collaboration come to fruition, which further strengthens the splendid momentum of DeFi on avalanche by combining the powers of both lending and leverage trading with pangolin’s deep on-chain liquidity
— Dronoms, Marginswap founder
We are excited to bring a variety of financial instruments to the users of Avalanche and Pangolin. As always, do your own research about the risks of using leverage and margin.
Marginswap is a decentralized trading protocol that natively supports spot and cross margin swapping of assets on AMMs like Uniswap, SushiSwap, and Pangolin. Using Marginswap, you can trade a wide variety of tokens, much like you already do on existing protocols, but with leverage.
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.