Mangrove , the innovative order book DEX, empowers liquidity providers to publish any type of smart contract (hook) as an offer. This flexibility enables features like liquidity amplification, customized liquidity provisioning methods, and re-staking liquidity held on other protocols, all while maximizing your trading potential.
Get Your Liquidity Unlocked with Mangrove
With Mangrove, you can unlock your liquidity and avoid locking it up in commitments. The order book on Mangrove lists promises instead of locked commitments, allowing you to transfer liquidity to another location until your offer is matched. For example, you can use the liquidity you provide (LP) on one exchange to run strategies or trade while simultaneously using the same liquidity on Mangrove. This strategy allows you to earn yields, points, and spreads from up to six different sources.
Smart Contracts in “Mangrove”
Smart contracts linked to offers give Makers complete control over their sourcing trades. Mangrove’s smart offers allow you to:
Reactive Liquidity: Take advantage of Mangrove’s order book, which doesn’t lock in liquidity. Unaccepted offers can yield returns further up the chain.
Last Glance: Program defensive strategies that adapt to market changes during the offer’s posting and execution.
Bounty Rewards: Keepers can profit from rejected offers, with bounties rewarded for their efforts.
Permissionless Trading: Anyone can use Mangrove’s basic protocol without needing authorization, ensuring a risk-free and open trading environment.
Implement Your Own Reusable Strategy
Mangrove allows liquidity providers to publish unprovisioned offers, use defensive code, and redisplay liquidity once their offers are accepted. This gives you total command over your trading strategy.
Increased Liquidity: Maximize your trading potential by spreading liquidity across multiple pairs. For instance, you can offer the same USDB liquidity on WETH/USDB and WBTC/USDB pairs.
Multi-Liquidity Sourcing: Profit from lucrative arbitrage opportunities by sourcing liquidity from multiple locations and providing it to the taker.
AMM Strategies: Run Automated Market Maker (AMM) strategies by offering liquidity on Mangrove’s order book.
Mangrove: A Safe and Secure Protocol
Mangrove is an open-source protocol with top-tier security and reliability, as ensured by a comprehensive audit conducted by the highly respected ChainSec.
Smart Offers and Mangrove’s Edge
Unlike other DEXs, Mangrove stands out by allowing code attachments to offers, enabling various sophisticated mechanisms.
Makers, Takers, Keepers
Three essential players drive the Mangrove ecosystem—Makers, Takers, and Keepers. Together, they create a vibrant, decentralized trading environment.
Makers: These entities create and post offers on the M. platform, specifying asset types, quantities, pricing, and other details. By initiating these offers, Makers help create a thriving market within the Mangrove Protocol.
Takers: Takers analyze and respond to offers made by Makers, playing a crucial role in completing transactions on Mangrove’s marketplace.
Keepers: These automated bots ensure the order book remains up-to-date and efficient. As market conditions change, Keepers identify and remove outdated or irrelevant offers, maintaining the integrity and smooth functioning of the Mangrove ecosystem.