Pangea Swap is the first DEX on the Klaytn network to feature Concentrated Liquidity. Klaytn network had low trading volume compared to its DeFi TVL, partly because of the lazy liquidity in traditional CPMM DEXs. Pangea Swap started with a mission of activating the lazy liquidity by introducing concentrated liquidity to Klaytn network. Only after 2 months from its launch, Pangea Swap achieved +$11M TVL and +$30M 24h Trading Volume, putting itself on No.1 DEX on Klaytn. Furthermore, due to its open-source nature, Pangea Swap is already integrated with various protocols, to name a few, 1inch network, Swapscanner, XY Finance, ISKRA and so on. The team is planning on expanding its ecosystem through various partnerships.
STONE is Pangea Swap’s governance token that can be used for:
- Staking to get STONE reward + revenue sharing fund reward
- Participating in Pangea Swap’s governance
STONE has an initial supply of 10 million. After 4 years from the initial issuance, it’ll have a perpetual inflation rate of 0.5% per 90 days.
