# Pangolin > Pangolin liquidity hub Pangolin is a decentralized exchange protocol. It lets users swap tokens, provide liquidity, and earn rewards across multiple blockchain networks. Pangolin is a decentralized exchange protocol for trading and liquidity provision across multiple blockchain networks. Users swap tokens directly from their own wallets through smart contracts. Traders and liquidity providers use it to trade and earn rewards. Liquidity providers allocate capital to custom price ranges through concentrated liquidity, and positions are tokenized as transferable NFTs that record range, pair, and fee tier. Fees adjust dynamically to market conditions, with multiple fee tiers also selectable per pool. Superpools pay dual rewards, and in-range farming pays more for positions that stay in their target range. Pangolin DEX is the flagship product, supported by the PNG governance token and chain-specific governance tokens. A staking mechanism called Sunshine and Rainbows lets users deposit a single token and compound rewards. Pangolin is used by traders, liquidity providers, and governance token holders. - Type: Protocol - Sector: DeFi - Status: Active - Founded: 2021-02-01 - Profile: https://thegrid.id/profiles/pangolin ## Products - [Pangolin DEX](https://thegrid.id/profiles/pangolin): Pangolin DEX is a decentralized exchange protocol where users swap tokens and provide liquidity from their own wallets. Liquidity providers allocate capital to custom price ranges, with positions minted as transferable NFTs and fees that adjust to market conditions. Superpools, in-range farming, and single-sided staking through Sunshine and Rainbows reward liquidity providers and token holders. (Decentralised Exchange, Live, Main Product) ## Assets - [Pangolin (PNG)](https://thegrid.id/profiles/pangolin): PNG is the governance token of Pangolin on Avalanche. It is used for providing liquidity in pools, single-sided staking, and voting on protocol changes. Its supply is fixed and no new tokens are minted. (Governance) - [Pangolin Hedera (PBAR)](https://thegrid.id/profiles/pangolin): PBAR is the governance token of Pangolin on Hedera. It is used for creating NFT positions to vote on governance proposals, providing liquidity in pools, and single-sided SAR staking. Voting rights are exercised through SAR NFT positions obtained by staking PBAR, rather than through direct token-based voting. (Governance) - [Pangolin Flare (PFL)](https://thegrid.id/profiles/pangolin): PFL is the governance token of Pangolin on Flare. It is used for providing liquidity in pools, single-sided SAR staking, and voting on protocol changes through staked NFT positions. The SAR mechanism allows rewards to accumulate without claiming, enabling compounding without reducing the initial stake. (Governance) - [Pangolin Songbird (PSB)](https://thegrid.id/profiles/pangolin): PSB is the governance token of Pangolin on Songbird. It is used for providing liquidity in pools, single-sided SAR staking, and voting on protocol changes through SAR NFT positions. Songbird serves as the canary network for Flare, making PSB the governance token on the more experimental of the two networks. (Governance) ## Links - [Main](https://www.pangolin.exchange) - [Documentation](https://docs.pangolin.exchange) - [Terms of Service](https://www.pangolin.exchange/terms) - [Privacy policy](https://www.pangolin.exchange/privacy) - [Twitter / X](https://x.com/pangolindex) - [Telegram](https://t.me/pangolinv3) - [Telegram](https://t.me/pangolindex) - [Telegram](https://t.me/PangoNews) - [Discord](https://discord.gg/pangolin) - [GitHub](https://github.com/pangolindex) - [Medium](https://medium.com/pangolindex) - [Reddit](https://www.reddit.com/r/PangolinExchange) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. 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