@MangroveDAO is a 100% trustless and on-chain DEX, but a very special one, as it is not based on pools like Uniswap-like DEXs. LPs do not have to lock in their liquidity.
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Mangrove is an order book-based DEX that allows liquidity providers to post arbitrary smart contracts as offers.
This new flexibility enables liquidity providers to post offers that are not fully provisioned.
The Mangrove's order book lists promises instead of locked commitments.
Liquidity can be shared, borrowed, lent and, at the same time, be displayed in the Mangrove's order book, ready to be sourced when, and only when, an offer is hit.
The main difference with other DEXs is that, unlike regular DEXs, the liquidity on offer in the Mangrove books is not locked in a pool.
Mangrove will soon release the first alpha version on Polygon of its core order-book-based DEX.
governance with flexible means for the optimisation and growth of the protocol. They believe in decentralization and they will have a DAO which we expect to see a token and some being rewarded to early users and the community.
They had raised funds twice so far, the first round was 2.7M from big VCs like @wintermute_t, and a few days ago they raised another $7.40M Series A from @CumberlandSays @greenfield_cap @CMTDigitalLtd @GumiCryptos and others
The product is not live yet but you can send a request and you might get early access to test it probably soon.
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