Mango
MNGO
Categories:
DeFi
Lending
Ecosystem:
Solana
Founded:
2020
Mango is a DeFi protocol that supports lending, borrowing, swapping, and leveraged trading of cryptoassets through a powerful risk engine. It is built on the Solana blockchain and uses the Serum DEX for spot margin trading, while perpetual futures are traded on Mango's own order book. Mango is governed by MNGO holders through the Mango DAO.
Mango Fundraising
Fundraising Event
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| IDO | $70M | -- | Jul 11, 2021 |
Investor
Mango Team
Powered by
Mango
MNGO
$0
+2.44%
Total dollar volume24H
$8,925.06
High24H
$0.0172
Low24H
$0.0161
Market Cap
#837$19,779,139
FDV
$84,000,000
Turnover rate
0.05%
Circulating supply
1,177,329,708
Total supply
5,000,000,000
Max supply
5,000,000,000
All time high
$0.299
All time high date
Jan 27, 2022
Down from All time high
-94.38%
Cycle low
$0.0099
Cycle low date
Nov 10, 2022
Up from cycle low
69.70%
Official links
Socials
Introduction
Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end user than both currently provide. Towards this goal, Mango offers margin trading, lending, and perpetual futures along with decentralized governance to decide the future evolution. In the long run, Mango’s permissionless ecosystem encourages spectacular, outlandish and unpredictable innovations possible of overtaking centralized finance. With lightning-speed trade execution and near-zero fees, Mango harnesses the power of Solana, a high-performance blockchain, as well as Serum DEX, a decentralized, permissionless, central limit order book for margin trading. The Mango Token is a governance token, first and foremost. Collectively, the token holders have the power to upgrade the protocol as they see fit, only constrained by the checks-and-balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol.