draft.docs.mangrove.exchange Open in urlscan Pro
216.24.57.252  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content

Mangrove Docs
GeneralDevelopers




 * Getting started
   * 🌿 Table of Contents
   * 💡 Concepts
   * ❓ FAQ
   * 🔍 Audits
   * 💻 App guide
   * ⚖️ Terms and Conditions
 * Strategies
   * ♟️ Kandel
     * What is Kandel?
     * How does Kandel work?
     * Potential risks
 * Governance
 * Quick links
   * 📃 Whitepaper
   * 🕸️ Website
   * 💬 Feedback
   * 🔤 Glossary
   * 🏗️ Developers
 * Socials
   * 📰 Blog
   * 👾 Discord
   * 🐦 X
   * 🧩 GitHub
   * 🎨 Assets
   * 📝 Contact

 * 
 * Getting started

On this page


OVERVIEW

Mangrove revolutionizes asset swaps by offering a platform where your liquidity
isn't idle; it can actively earn yields while being ready for complex
condition-based exchanges. As an on-chain order book DEX, Mangrove empowers
liquidity providers with the ability to create offers at a specified price using
arbitrary smart contracts. This innovative method unlocks extraordinary
capabilities for managing and optimizing your liquidity which you can now reLP.


UNLOCK YOUR LIQUIDITY

Mangrove's order book-based DEX lists promises instead of locked commitments.
Liquidity can be re Liquidity Provided on Mangrove, meaning it can be deployed,
lent, ready to be borrowed somewhere and at the same time displayed on Mangrove.
Its not locked in Mangrove, but rather ready to be sourced when (and only when)
an offer is taken.


SMART OFFERS

Smart contracts can be attached to offers, which gives the Maker total freedom
in setting his sourcing trade parameters.

POWERFUL APPLICATIONS OF SMART OFFERS

 * Reactive liquidity: liquidity on offer is not locked on the Mangrove order
   book. As long as an offer posted on Mangrove is not taken, it can generate
   yield elsewhere on the chain.

 * Last look: smart offers allow you to code defensive mechanisms that adjust
   for market condition changes between offer posting and execution.

 * Bounty: every single failed offer is compensated with a bounty; Keeper bots
   can make money, and Takers don't lose any.

 * Permissionless: everyone can interact with the core protocol without having
   to ask permission nor risking to be censored.

 * Non-custodial: Mangrove users retain full control over their funds - the
   exchange does not hold custody of their assets.

Post a smart offer


DEPLOY YOUR OWN COMPOSABLE STRATEGY

Mangrove enables liquidity providers to incorporate defensive code, post
unprovisioned offers, and redisplay liquidity after their offers are taken.

FULL CONTROL OVER YOUR STRATEGY PARAMETERS

 * Amplified liquidity: optimize your trading potential by leveraging your
   liquidity across multiple pairs. For instance, you can create offers on
   WETH/USDC, WMATIC/USDC and WBTC/USDC pairs with an equal amount of USDC
   liquidity.

 * Multi-liquidity sourcing: your smart offer on Mangrove can take advantage of
   liquidity sourcing from other sources and offering it to the taker, allowing
   for profitable arbitrage opportunities.

 * Run AMMs strategies: provide liquidity on Mangrove’s order book in order to
   maximize your liquidity potential.

Create your strategy


KANDEL STRATEGY

Kandel is an on-chain Automated Market Making strategy that focuses on order
flow rather than price. It automatically posts Bids and Asks within your chosen
market and price range to buy low and sell high, making a profit through the
spread.

FEATURES

 * On-chain market making bot Kandel is a market-making bot equivalent that
   operates solely on the blockchain. Unlike off-chain market making bots that
   experience delays, Kandel uses on-chain order flow to repost offers
   instantly, without any latency.

 * Profit from the spread: Kandel follows your configuration parameters to
   populate Bids and Asks offers. When those are taken, the profits are
   generated from the difference between the two, known as the spread.”

 * Compounding: you have the opportunity to accumulate profits generated from
   spreads and reinvest them back into your offers, a process commonly known as
   compounding.

 * Price range: since Kandel is an automated market-making strategy, the price
   range needs to be set. It consists of the lowest and highest prices in the
   price grid at which the market maker is willing to post its bids and asks on
   Mangrove DEX.

 * Earn extra yield on AAVE: since the liquidity on offer is not locked on the
   Mangrove order book, it can generate yield elsewhere on the chain. With
   Kandel, when an offer is taken, your liquidity can be sourced and redeposited
   on AAVE.

Deploy your Kandel


MANGROVE IS A SECURE PROTOCOL

Mangrove is an open-source protocol that has been rigorously audited by the
highly reputable and expert firm, ChainSec, ensuring the utmost security and
reliability.

Next
Table of contents
 * Unlock your liquidity
 * Smart offers
 * Deploy your own composable strategy
 * Kandel strategy
 * Mangrove is a secure protocol