Pangolin users can now farm PNG tokens on the ORBS-AVAX pool and earn ORBS tokens in Pangolin’s Single-stake feature!
After recently adding the Orbs tokens to their platform, Pangolin are now launching farming and Single-stake for ORBS. Users can now farm Pangolin’s native token, PNG, by providing liquidity to the ORBS-AVAX pool which can then be staked to earn ORBS tokens.
The launch of ORBS farming and staking by Pangolin, one of the leading DEX-AMMs on the Avalanche network, is another important step to solidify the Orbs community’s presence on Avalanche. This follows other successful protocol integrations on the Avalanche network such as AvaScan and Trader Joe.
Be sure to check out our blog post on how to bridge ORBS onto Avalanche, in order to be able to participate in Orbs farming and staking on Pangolin.
Orbs token holders can earn PNG tokens by adding liquidity to the ORBS-AVAX pool. By adding liquidity you will receive PGL tokens, which is a representation of your ownership of the pool.
Users can then Deposit their PGL tokens in the Orbs farm to participate in liquidity mining and earn PNG rewards.
Pangolin’s Single-stake feature enables users to deposit and stake their PNG tokens to earn ORBS without the risk of impermanent loss.
Using Single-staking is very easy and user-friendly. Here is a short tutorial by Pangolin on how to use this feature.
Orbs is currently one of only four tokens which have been added to Pangolin’s staking. This is a great vote of confidence by Pangolin in the Orbs project!
And that’s it! You can now farm and earn Orbs on Pangolin.
Stay tuned for more news on Orbs and Avalanche soon!
Use of Pangolin, Trader Joe, the AnySwap bridge, AvaScan, the Avalanche mainnet and the other platforms and services described above carries significant risk. Digital assets and decentralized finance products are, by their nature, highly risky, experimental and volatile. Such platforms and services may be subject to security and economic risks and exploits and transactions may be irreversible, final and without refunds. Such use carries risk of substantial losses.
Any use of any platform, application and/or services described above is at your own risk and you are solely responsible for all transaction decisions. You should do your own research and independently review any third-party services and platforms and any applicable information terms, conditions or policies applicable to such platforms and services.