With the upcoming listing, we will also be moving our liquidity pool from Klayswap to Pangea Swap, and the transition is set to be completed before ISK becomes available on the platform. Users are advised to prepare accordingly.
Pangea Swap is the first decentralized exchange (DEX) on the Klaytn blockchain to offer concentrated liquidity, a feature that allows liquidity providers (LP) to get more out of their capital and for traders to benefit from lower slippage and swap at the best rates.
The concentrated liquidity feature of Pangea Swap takes inspiration from Sushi’s Trident, a next-generation automated market maker (AMM) that focuses on capital efficiency and allows LPs to narrowly scope their liquidity provisioning and take advantage of higher APY.
With concentrated liquidity, LPs can set the price ranges themselves and provide concentrated liquidity to these ranges. As a result, this activates the liquidity usage and enables more liquidity to be proactively utilized in actual swaps.
The upcoming ISK listing on Pangea Swap comes right at the heels of the token’s listing on Gate.io and Iskra’s recent INO announcement of 3 Kingdoms Multiverse (3KM), the first blockchain game in its lineup to be launched on the platform.
For more information on how to swap and provide liquidity on Pangea Swap, check out their step-by-step guide here.
Iskra offers a premier destination for players and game developers to explore the thrill and opportunity of Web3 gaming alongside a vibrant community.
As part of its mission, Iskra aims to mold a Web3 future by creating a forward-thinking dedicated home for Web3 gaming and giving every user a stake in the company’s success. It is committed to becoming a leading platform for blockchain gaming.
About Pangea Swap
Pangea Swap is Klaytn’s first-ever DEX that offers concentrated liquidity for the tokens listed on its platform. The team is committed to creating a robust DeFi ecosystem with functions specialized for cooperation with other protocols (custom pools, etc.).
Pangea Swap is 100% open source — anyone and everyone are free to design a new DeFi protocol based on Pangea Swap. Learn more here.