Source: MNGOUSD Chart by TradingView
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.
Mango Markets exploiter slammed with new lawsuit
Mango Markets hits Eisenberg with a lawsuit to return the $47 million gained following his attack — despite agreement to keep the money.
SEC says Mango Markets attacker stole $116M, violated securities laws
Avraham Eisenberg faces permanent injunctions and penalties of an unknown amount.
Mango Markets exploiter faces new set of charges from the CFTC
Avraham Eisenberg violated commodities laws, according to the regulator.
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