The Avalanche Network has lots of potential for decentralized finance. However, it lacks one crucial feature, an integrated protocol with sustainable tokenomics and great rewards for yield farmers. Pandaswap is here to bring utility to the Avalanche ecosystem.
It enables users to transact at a fraction of the cost and time of ethereum. This lowers the average investor’s entry barrier, encouraging a fair marketplace for everyone. Unlike other centralized blockchains, Avalanche is truly decentralized. Pandaswap intends to leverage Avalanche’s highly scalable and open-source platform for launching decentralized finance applications that don’t yet exist in a fully decentralized or low fee ecosystem.
Many projects have a large portion of funds allocated to the team, which gives the team a lot of power over the price from day one. To have the fairest launch, Pandaswap is determined to have no premine, no airdrop, and no presale, which gives everyone an equal chance to farm BAMBOO tokens.
BAMBOO tokens will be distributed in a sustainable and balanced manner, as described below:
Rewards start at a 🎉BONUS🎉 of 1000 BAMBOO p/ block, while the normal rewards are 100 BAMBOO p/block. The hard capitalization of 250,000,000 BAMBOO tokens.
The following 115000 blocks, rewards are diminishing on a linear scale, -10 BAMBOO p/ block every 191k blocks until 20 BAMBOO p/block. From then on, rewards are declined by 7% every 191k blocks.
Since Pandaswap has no premine or allocated funds to the team, to ensure long-term sustainability, constant updates, and development of the protocol, 10% of every block reward will be issued to the Pandaswap treasury. The treasury funds will be used for development and regular token burns.
Yield farming compensations
For adventurous Avalanche liquidity providers and yield farmers, Pandaswap offers excellent rewards. Out of the tiny 0.3% fee, Pandaswap grants roughly 0.25% of every swap directly to liquidity providers while 0.05% is sent to sBAMBOO holders.
The supported pairs BAMBOO rewards are as follow:
Double Dipping: sBAMBOO*No Impermanent Loss*
Fastest-growing BAMBOO🏃♂️🏃♂️: BAMBOO/AVAX (PGL), BAMBOO/AVAX (PLP)
Fast-growing BAMBOO🏃♂️: BAMBOO/ETH, BAMBOO/BTC, BAMBOO/LINK, BAMBOO/SUSHI, BAMBOO/UNI, BAMBOO/AAVE, BAMBOO/COMP, BAMBOO/PNG, BAMBOO/SNOB, BAMBOO/DAI, BAMBOO/USDT, BAMBOO/YFI
Liquidity Kings👑: ETH/BTC, AVAX/ETH, AVAX/WBTC, AVAX/SUSHI AVAX/LINK, AVAX/UNI
Fiat Party💸: AVAX/USDT, AVAX/DAI, WBTC/USDT, WBTC/DAI, ETH/USDT, ETH/DAI
Slow BAMBOO🐢: DAI/USDT, AVAX, BTC, ETH, LINK *No Impermanent Loss*
One exciting feature PandaSwap will have is staking for Bamboo tokens, and in exchange, you get sBamboo tokens. The sBamboo token earns interest over time as it receives 0.04% of all swap fees on the exchange.
As a bonus, you can then ‘double dip’ the sBamboo tokens to earn rewards on top of the rewards by farming tokens in the sBamboo-Bamboo pool. You’ll also be able to stake AVAX, ETH, and even BTC, with no risk of impermanent loss.
🔐Safety and Audit
We chose to fork Sushiswap’s contracts for our base protocol since they have stood the test of time. This will allow our users to interpret the integrity/security of our protocol easily. Simply compare our deployed contracts with Sushiswap’s repository so anyone with an understanding of solidity will be able to look through the code, compare Sushiswap and Pandaswap side-by-side, and conclude that Pandaswap is safe.
At Pandaswap, we believe in community-driven DAO; users will submit proposals and vote on them using their BAMBOO tokens.
To ensure a fair token distribution and avoid governance attacks, governance will not be abled until specific criteria are met, quite like how Sushiswap’s governance was enabled.
What does Pandaswap do?
Pandaswap is an Automated Market Maker and a Yield farming protocol that promises to kickstart Defi on Avalanche by providing users with opportunities and great rewards.
What are the advantages of using Pandaswap over other protocols?
Pandaswap prioritizes balancing rewards and holding incentives to create a good experience for users of the protocol and build a reputation among the Avalanche community.
What is Bamboo?
BAMBOO is the governance and primary token of the Pandaswap protocol.
Is the project audited?
Pandaswap was forked from Sushiswap, and all changes associated with the smart contracts were minimized and highlighted.+
Is there an airdrop?
There’s currently no airdrop available for the BAMBOO token.
How can I take part?
app.pandaswap.exchange (Swap/Pool) pandaswap.info (Landing Page).
💻 Smart Contracts
The contracts are available at https://github.com/pandaswapex/. Some codes are from other projects, including Uniswap / Sushiswap, and are subject to their licenses.
💬 Join Us!
Join the discussion in our Telegram group at t.me/pandaswapex
Join the conversation in our Discord at discord.gg/ETPeUw9Hs5
Don’t miss any update by following our Twitter at twitter.com/pandaswapex