Launch of new “liquidity mining” initiatives for Orbs (ORBS) and Avalanche (AVAX) users
Flagship Avalanche- and Ethereum-based decentralized cryptocurrency exchange Pangolin introduces new staking and farming options addressing Orbs Network (ORBS) enthusiasts.
PNG tokens can be used on the ORBS-AVAX pool
According to a press release shared with U.Today, the Pangolin Exchange is launching single-asset farming and staking functions for ORBS tokens.
The core native asset of Pangolin, PNG token, can be farmed by providing liquidity to the ORBS-AVAX pool. ORBS tokens can be transferred to the Avalanche blockchain (AVAX) via a specially designed non-custodial bridge.
This announcement is a major milestone accomplished by Pangolin (PNG) in its mission to bring the Orbs Network (ORBS) community to the Avalanche-centric ecosystem of products.
Pangolin (PNG), pioneer of the high-performance DEX for Avalanche (AVAX) smart contract platform powered by AMM, recently integrated the Ava Scan and Trader Joe protocols.
New opportunities for ORBS staking
As the next step of the novel liquidity mining initiative, PGL tokens can be locked in Orbs Farms for liquidity mining. To do this, Orb lovers will receive additional rewards.
As covered by U.Today previously, Orbs Network recently launched the Open DeFi Notifications protocol to advance risk management in decentralized trading.
Additionally, in August 2021, the protocol launched a massive grant program to support start-up developers.
