The Future of Decentralization and How Pangolin is Unaffected by FTX

The events of last week are not easy to address. The loss of funds for crypto users and teams will have lasting repercussions throughout our space. Regarding Pangolin, here’s what it all means for our community and the future of decentralization.

Pangolin Had No Funds on FTX

In alignment with our guiding values, Pangolin utilizes Fireblocks to safeguard treasury and grant funds and maintains custody of all assets.

As for treasury funds, Pangolin holds the majority of funds in stables to combat volatility, and the contributing team has sufficient runway to battle the bear market.

DEX > CEX

Self-Custody

On a DEX, your funds remain in your self-hosted wallet while you trade. The only case where you give custody away on an AMM/DEX is if you provide liquidity. In that case, the liquidity you provide is held in an automated smart contract and is governed by the law of code.

Immutable Contracts

Governance

It’s increasingly apparent that centralized institutions do not serve the purpose that brought all of us to this space. Pangolin has, and will always, champion decentralization and aim to take market share from centralized exchanges.

Moving forward

Deploying our subDAO model on new chains

Adding interoperability to Pangolin Exchange with cross-chain bridging and swapping options to ensure you can compound your community in one place

Expanding our Sunshine and Rainbows staking algorithm to Avalanche and beyond

Offering open-source, decentralized tools and products with multichain scalability

This year has dealt multiple blows to our industry, and we will continue evolving.

As we progress through the storm, our focus is on creating the best products and services for our community and encouraging our industry counterparts to do the same.

The current Pangolin DAO and all contributors will continue building toward a chain-agnostic future where users compound their community and interact with multiple chains in just a few clicks. And, as always, we intend for that future to be here at Pangolin.

About Pangolin Exchange

Website | Twitter | Discord | GitHub | Documentation | Telegram | LinkedIn | Reddit | YouTube

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Pangolin Exchange

Pangolin is a multichain decentralized cryptocurrency exchange (DEX) on the Avalanche and Songbird Networks.