# Pangolin > Pangolin liquidity hub Pangolin is a multichain DEX that lets users swap tokens, provide liquidity, and earn rewards across Avalanche, Hedera, Flare, and Songbird. Pangolin is a decentralized exchange for traders and liquidity providers active across multiple blockchain networks, including Avalanche, Hedera, Flare, and Songbird. Users can swap tokens, provide liquidity within customizable price ranges, and earn rewards through dual-reward pools and in-range farming incentives. Liquidity positions are represented as transferable NFTs, and protocol fees adjust dynamically based on market conditions. - Type: Protocol - Sector: Finance - Status: Active - Founded: 2021-02-01 - Profile: https://thegrid.id/profiles/pangolin ## Products - [Pangolin DEX](https://thegrid.id/profiles/pangolin): Pangolin is a decentralized exchange protocol deployed across multiple blockchain networks. Users swap tokens and provide liquidity directly from their own wallets through smart contracts. The V3 implementation uses a concentrated liquidity model where liquidity providers allocate capital to custom price ranges rather than across the full price curve. Liquidity positions are minted as transferable NFTs that encode range, pair, and fee tier data. Fee rates adjust dynamically to market volatility, with multiple static fee tiers also selectable per pool. Superpools distribute dual rewards combining the protocol governance token with a partner token. In-range farming rewards positions that remain within a designated target price range. A staking mechanism called Sunshine and Rainbows (SAR) allows single-sided token deposits with compounding reward accrual. (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. PNG has reached its maximum supply of 230 million tokens with zero ongoing inflation, following a tokenomics update that reduced the emission schedule from 28 years to four years. (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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