Mango MNGO Price

What is Mango (MNGO)?

In the dynamic landscape of decentralized finance (DeFi), Mango Markets emerges as a game-changer, bringing together the best of both Centralized Finance (CeFi) and DeFi on the Solana blockchain. This innovative platform introduces fully on-chain margin trading, lending markets, and perpetual futures within a decentralized application. Mango's vision is clear - to seamlessly merge the liquidity and usability of CeFi with the permissionless innovation of DeFi, all while providing a cost-effective solution for users.

What sets Mango Markets apart is its commitment to key elements: low latency, low transaction costs, and full decentralization. Leveraging Solana's one-second block times and aiming for a 400ms latency target, Mango ensures not only usability but also enhanced liquidity. The platform's rock-bottom transaction fees underscore its dedication to lowering costs, a pivotal factor for widespread adoption. Decentralization is at the core of Mango's strategy, recognizing that centralizing components poses security risks and hampers composability. With no presales and decentralized governance through the Mango Token, the project embraces transparency and equal access, avoiding the pitfalls of centralized finance.

Mango Markets introduces a margin protocol that allows cross-margined trading with no fees, enabling users to utilize limit orders and earn interest on margin positions. The risks, including negative equity accounts and oracle errors, are meticulously addressed, emphasizing the platform's commitment to user protection. Furthermore, Mango's perpetual futures, marked as a work in progress, promise to be the most liquid on Solana, incorporating a cross-margin approach with Serum DEX for seamless hedging. As Mango Markets charts its course towards becoming a powerhouse in financial services, its open governance, low-latency tools, and rock-bottom fees make it a compelling player in the evolving world of decentralized finance.

What is unique about Mango (MNGO)?

Mango (MNGO) stands for merging CeFi liquidity and DeFi innovation on Solana, offering low-latency, fee-friendly decentralized financial tools, including margin trading and perpetual futures.

Who are the founders of Mango (MNGO)?

Mango was founded by Daffy Durairaj and Maximilian Schneider, who initiated the project after connecting on Discord and collaborating on Solana's command line margin trading mechanism.

Who are the backers/investors of Mango (MNGO)?

Mango has garnered support from MNGO Launchpad, Solana Foundation, Serum Project, Coinbase Ventures and others.

Where can I buy Mango (MNGO)?

You can buy Mango (MNGO) on Kraken, RaydiumOrca cryptocurrency exchanges.