The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
BoostBeyond Hype: Understanding the Impact of Airdrops on NFT Marketplace Performance
IntroductionThe NFT marketplace is evolving. Over the past year, OpenSea has seen increasing pressure from new competitors eating away at its market share. LooksRare, X2Y2, Sudoswap, and Blur have decreased OpenSea's NFT Volume market share from 99% to 50-30% depending on the week.Market Share for NFT Marketplaces by WeekWhile OpenSea may have been one of the darling companies of the web3 era, there is one thing that it's lacking that all of its competitors have: a token. This left ...
BoostAirdrop Design | Past, Present, & Future
When considering the future of airdrops, it's easy to feel optimistic about their potential for aligning users of crypto networks. It’s just as valid to express skepticism based on the current state of the instrument. While it's clear that more experimentation is necessary in order to properly harness their power, the required overhead and lack of tooling to execute airdrops are prohibitive. But what are they, anyway?What is an Airdrop?Simply put, airdrops distribute tokens to past,...
BoostIntroducing Quest Protocol Rewards
Deploy, refer, and complete quests for cryptoParticipation lies at the heart of the crypto ecosystem. It’s the collective effort of countless participants worldwide that ensures the functionality, security, and growth of decentralized protocols. But beyond it being a mechanism for sustaining networks, participation embodies the very ethos of crypto and why it exists - to increase economic opportunities for every individual. Earlier this year we launched Quest Protocol, making it easy for anyo...
The onchain distribution network of Boost Protocol. Target, acquire and engage users with token incentives to drive growth.
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Decentralized exchanges (DEXs) don't get as much fanfare as they should. They’re the single biggest motor behind the DeFi boom, allowing users to swap between different tokens and blockchains and enabling usage of new crypto projects.
The main advantage of using a DEX is in the name itself — they're decentralized. DEXs rely on supply and demand to determine token prices, and individual participants provide liquidity for certain token pairs to run their operations.
Today we'll explore one of the most promising DEXs in recent times, the Avalanche network's pioneer, Pangolin.
We've mentioned Pangolin in some of our previous Avalanche Network (AVAX) guides, but it's about time we made a formal introduction to the biggest decentralized exchange on AVAX. With less than a year under its belt, Pangolin has truly taken full advantage of Avalanche’s lightning-fast transactions and close-to-negligible gas fees to run one of the best optimized DEXs around.
In short, you want Defi on AVAX? You’ve got Pangolin to cover your every need. Most financial transactions on Avalanche make at least a pit stop on this DEX.
Since launching its V2 this November, Pangolin has also established itself as a key player in the tokenomics game, allowing its liquidity providers to offer some seriously enticing rewards for LP tokens, staking, and bonding.
We went over the more elaborate method for getting set up on Avalanche on our Yield Yak guide. This method is the best one to get going for everything the AVAX network has to offer, or if you're planning on transferring funds from a centralized exchange like Binance, Crypto.com, or Coinbase.
But for the sake of brevity, here's a quicker way to get some AVAX on your wallet and swap it out for the token of your choosing, using the tools set up by Pangolin.
1. Go to chainlist.org, connect your wallet, and search for "Avalanche Mainnet" or "43114". You can add new chains to your Metamask account as easily as that through this method.
If you'd rather do it the traditional route, just add in a custom RPC with the following data:
Network Name: Avalanche Network
New RPC URL: https://api.avax.network/ext/bc/C/rpc
ChainID: 43114
Symbol: AVAX
Explorer: https://snowtrace.io/
2. Go to the "Buy" function on Pangolin's website, set up your contact information and preferred currency.
3. You'll be redirected to the Wyre platform where you can finalize your payment and get AVAX straight to your wallet.
If you're having trouble with this method, you might be better off opting for the longer route, which we've linked in on our resources section below.
Swapping the tokens is a pretty simple task in and of itself. Once you’ve got your AVAX ready to go on Metamask (be it through the method shared here, or the one explained on our other guides), all you have to do is choose the token you want to exchange it for, and use the “Swap” function on Pangolin to select it from the long list of tokens.
A little tip that could help you out in a pinch: if you’ve received an obscure token that doesn’t show up in the list, click on the “Manage Token Lists” option at the bottom of the pop-up to add in some extra tokens of your choice or import custom lists from trusted sources.
Note: Keep in mind, you’ll only be able to swap a token for which someone else is providing liquidity, so keep that in mind if you’re looking to swap custom ERC-20s or a coin with little to no market action. If you have any questions at all, feel free to ask in the RabbitHole Discord and someone will help you out!
So, with that done, you've successfully found a token pair you'd like to swap. Click the Swap button, and then it's just a matter of paying the gas fee and waiting for the transaction to go through.
After completing this guide, you'll have discovered the entryway into DeFi on the Avalanche network. Check out some of our other guides to learn how to make your tokens work in your favor!
How to set up Avalanche on Metamask in detail: https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche
AVAX Bridge https://bridge.avax.network
Intro to Pangolin https://docs.pangolin.exchange/introducing-pangolin-v2
Swapping Tokens on Pangolin https://youtu.be/kNQp4t03lOQ
Decentralized exchanges (DEXs) don't get as much fanfare as they should. They’re the single biggest motor behind the DeFi boom, allowing users to swap between different tokens and blockchains and enabling usage of new crypto projects.
The main advantage of using a DEX is in the name itself — they're decentralized. DEXs rely on supply and demand to determine token prices, and individual participants provide liquidity for certain token pairs to run their operations.
Today we'll explore one of the most promising DEXs in recent times, the Avalanche network's pioneer, Pangolin.
We've mentioned Pangolin in some of our previous Avalanche Network (AVAX) guides, but it's about time we made a formal introduction to the biggest decentralized exchange on AVAX. With less than a year under its belt, Pangolin has truly taken full advantage of Avalanche’s lightning-fast transactions and close-to-negligible gas fees to run one of the best optimized DEXs around.
In short, you want Defi on AVAX? You’ve got Pangolin to cover your every need. Most financial transactions on Avalanche make at least a pit stop on this DEX.
Since launching its V2 this November, Pangolin has also established itself as a key player in the tokenomics game, allowing its liquidity providers to offer some seriously enticing rewards for LP tokens, staking, and bonding.
We went over the more elaborate method for getting set up on Avalanche on our Yield Yak guide. This method is the best one to get going for everything the AVAX network has to offer, or if you're planning on transferring funds from a centralized exchange like Binance, Crypto.com, or Coinbase.
But for the sake of brevity, here's a quicker way to get some AVAX on your wallet and swap it out for the token of your choosing, using the tools set up by Pangolin.
1. Go to chainlist.org, connect your wallet, and search for "Avalanche Mainnet" or "43114". You can add new chains to your Metamask account as easily as that through this method.
If you'd rather do it the traditional route, just add in a custom RPC with the following data:
Network Name: Avalanche Network
New RPC URL: https://api.avax.network/ext/bc/C/rpc
ChainID: 43114
Symbol: AVAX
Explorer: https://snowtrace.io/
2. Go to the "Buy" function on Pangolin's website, set up your contact information and preferred currency.
3. You'll be redirected to the Wyre platform where you can finalize your payment and get AVAX straight to your wallet.
If you're having trouble with this method, you might be better off opting for the longer route, which we've linked in on our resources section below.
Swapping the tokens is a pretty simple task in and of itself. Once you’ve got your AVAX ready to go on Metamask (be it through the method shared here, or the one explained on our other guides), all you have to do is choose the token you want to exchange it for, and use the “Swap” function on Pangolin to select it from the long list of tokens.
A little tip that could help you out in a pinch: if you’ve received an obscure token that doesn’t show up in the list, click on the “Manage Token Lists” option at the bottom of the pop-up to add in some extra tokens of your choice or import custom lists from trusted sources.
Note: Keep in mind, you’ll only be able to swap a token for which someone else is providing liquidity, so keep that in mind if you’re looking to swap custom ERC-20s or a coin with little to no market action. If you have any questions at all, feel free to ask in the RabbitHole Discord and someone will help you out!
So, with that done, you've successfully found a token pair you'd like to swap. Click the Swap button, and then it's just a matter of paying the gas fee and waiting for the transaction to go through.
After completing this guide, you'll have discovered the entryway into DeFi on the Avalanche network. Check out some of our other guides to learn how to make your tokens work in your favor!
How to set up Avalanche on Metamask in detail: https://support.avax.network/en/articles/4626956-how-do-i-set-up-metamask-on-avalanche
AVAX Bridge https://bridge.avax.network
Intro to Pangolin https://docs.pangolin.exchange/introducing-pangolin-v2
Swapping Tokens on Pangolin https://youtu.be/kNQp4t03lOQ
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