Background and History
Mangrove was launched to address inefficiencies in decentralized exchanges by allowing users to post offers without locking funds until a trade is executed. This innovation, known as smart offers, creates more flexible and capital-efficient liquidity provision. Mangrove has evolved through the introduction of Kandel, an automated market-making strategy that optimizes liquidity distribution. The platform’s unique features aim to enhance the usability and efficiency of decentralized trading.
Key Features and Technologies
Smart Offers
The core innovation of Mangrove is its smart offers, which enable liquidity providers to post conditional offers without locking their assets. This allows for more flexible and efficient use of capital, as liquidity is only required when a trade is executed.
Kandel Strategy
Mangrove’s Kandel strategy automates liquidity provision by distributing liquidity across a range of prices. This feature helps users optimize liquidity placement and improve trading outcomes by minimizing slippage and ensuring better price efficiency.
Governance and Decentralization
Mangrove operates under a decentralized governance model, where users participate in decision-making through councils and the Guardians framework. The platform’s governance model includes elections for council members and a voting system for key protocol decisions, ensuring community participation.
Usage and Applications
Mangrove provides a decentralized trading platform where liquidity providers can offer assets under flexible terms. Its smart offers make it ideal for traders and liquidity providers seeking capital efficiency, while the Kandel strategy optimizes market-making operations. The platform’s governance model encourages active participation from the community, allowing users to influence its future direction.
Governance Token and Structure
Mangrove’s governance framework is based on councils and the Guardians system. Users can participate in protocol governance through voting on proposals, elections for council members, and other key decisions. This decentralized governance structure ensures that Mangrove’s development remains aligned with its community’s interests.
