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.
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.
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.
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.