Pangolin has announced the newest Super Farm partners. Terra Money is among them.
Terra Daily tells us that UST is now available on Super Farms in Pangolin DEX. Available pools for UST are:
- USDC – UST
- UST – AVAX
- PNG – UST
🔥 Hey #LUNAtics farmers 🔥
— Terra Daily 🌖 (@TerraLUNADaily) April 27, 2022
The Pangolin Super Farm program allows farms to earn a variety of reward tokens. As a result, Pangolin Super Farms may be able to provide two, four, or even ten different reward tokens at the same time.
Terra is stepping up as a partner to jointly incentivize Pangolin’s TVL and volume. In exchange, they gain exposure to Pangolin’s community as well as Pangolin’s help through co-marketing and business development teams.
Liquidity providers of UST using the Wormhole bridge will be eligible for higher rewards in three new $UST Super Farms. Terra Labs’ governance vote made this collaboration possible. Furthermore, it will support and stimulate UST adoption in the Avalanche ecosystem.
Pangolin is an Avalanche-based DEX that uses the same automated market-making (AMM) process as Uniswap. It has a native governance token (PNG). It is completely community-run and can trade any Ethereum and Avalanche tokens. Furthermore, in a competitive market with many rivals, Pangolin offers three critical advantages:
- Quick and inexpensive transactions
Pangolin is built on Avalanche, and users may trade assets in under a second. Transaction costs are as low as a few cents. Furthermore, Pangolin transactions are frequently as fast as centralized exchange trading.
- Community-driven development
In addition to significant performance advantages over the existing technical status quo, Pangolin is driven by the community. The PNG native governance token gives the community complete influence over the product’s progress.
- Fair and open token distribution
Pangolin has a token distribution method focused on the community. Therefore, all tokens are distributed directly to the community. There is no allocations to the team, advisers, investors, or insiders.
Terra is an open-source blockchain payment network for algorithmic stablecoins, or cryptocurrencies that track the value of currencies or other assets. Furthermore, users can spent, save, trade, or exchange Terra stablecoins instantaneously on the Terra blockchain.
The Terra protocol generates stablecoins that continuously follow the price of any fiat currency (a government-backed currency such as the U.S. dollar or euro).
Furthermore, Terra has a growing crypto ecosystem in its mission to become a top ecommerce stablecoin payment and decentralized finance (DeFi) service, provider.
It has more than 70 projects in the areas of DeFi, Web 3.0, and non-fungible tokens (NFTs).
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