AllianceBlock Brings Optional Compliance and Funding Solutions to Strengthen Avalanche’s Pangolin DEX in New Partnership
We’re excited to announce AllianceBlock has partnered with Pangolin, a community-driven DEX running on Avalanche that supports all AVAX and ETH tokens. AllianceBlock has had an extensive collaboration with Ava Labs’s ecosystem and is now extending its optional, trustless compliance layer to this fully decentralized exchange, with integrations to our Liquidity Mining solutions further down the line. The opt-in implementation will allow Pangolin to grow by allowing traditional financial players to bring liquidity into its platform. At the same time, it will allow its existing users to choose their level of anonymity.
Splitting Subnets Allows Users To Choose Their Level of KYC
The partnership will allow Pangolin to integrate trustless KYC and AML features as well as cross-border rules to expand its offering as a compliant DEX. Pangolin will add an additional, optional compliance layer to its services by utilizing AllianceBlock’s technology. The solution will be implemented on separate subnets on the decentralized exchange. This means that Pangolin’s current users will be able to choose which networks they interact with and if, depending on their jurisdiction, they want to use the compliance service or not. This will help the platform grow along with DeFi regulation and allow institutional easy access to add vast liquidity on the platform.
Bringing Liquidity Mining to Pangolin-based dApps via AllianceBridge
Furthermore, Pangolin is set to become a node validator for AllianceBlock’s Bridge and will be integrated into the Liquidity Mining as a Service program in the near future. This implementation opens up a new ecosystem of projects that can benefit from our white label solution, at the same time expanding the reach of our product suite and platform. Pangolin will join chains including Avalanche, Binance Smart Chain, Polygon, Ethereum and Elrond that either are already, or are set to benefit from our innovative funding solutions in the near future.
AllianceBlock’s product suite has become a sought-after toolset for projects like Pangolin and the broader Avalanche ecosystem. Products like trustless KYC/AML, AllianceBridge and Liquidity Mining white label solution serve as a useful solution to projects who are now seeking a streamlined way to grow their ecosystem through improved liquidity, interoperability and institutional compliance.
Rachid Ajaja, Our CEO and Founder of AllianceBlock commented on the partnership:
“We’re very excited to partner with Pangolin and together be ahead of the game in terms of future regulation that is sure to come to DeFi. The industry needs to grow together and becoming globally compliant is the nearest challenge ahead for many projects. Our technology will facilitate KYC and AML for Pangolin users that will allow them to remain in control of their data and choose if they want to give access or not. Such a move will allow the team to be ahead of the game and be ready to attract institutional attention. This is in line with our ambition to bridge DeFi and TradFi and this can be possible only through partnerships like this. We’re looking forward to extending our entire product suite and solutions to benefit Pangolin in the future.”
The Pangolin team commented on the importance of the partnership for its compliance:
“Being able to rely on a streamlined solution for compliance opens new opportunities for our decentralized exchange in user acquisition and institutional participation in a sustainable and future-proof way.. At the same time, it preserves the freedom to choose compliance levels for our current users. We’re also excited to be a part of AllianceBlock’s broader ecosystem. Both teams have seen the value in working together as we continue to expand.” — Justin Trollip, Pangolin DEX
About Pangolin
Pangolin is a community-driven decentralized exchange for Avalanche and Ethereum assets with fast settlement, low transaction fees, and a democratic distribution–powered by Avalanche. Pangolin brings users the best trading opportunities to find and maximize their yield. Visit their website, Twitter, or community channels Discord and Telegram.
About AllianceBlock
AllianceBlock is bridging the gap between decentralized finance (DeFi) and traditional finance (TradFi), by remedying issues that exist in both spheres and linking them more closely together. They see the future of finance as an integrated system in which the best of both worlds can work together to increase capital flows and technological innovation.
Building this future by bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects and ecosystem-scaling tools such as funding and interoperability. As such, they are building a next-generation financial infrastructure that aims to provide regulated financial entities around the world with the tools they need to seamlessly access the DeFi space.
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