Mango

Mango aims to combine the liquidity and user-friendliness of centralized finance (CeFi) with the boundary-pushing innovation of decentralized finance (DeFi), all while lowering costs for users compared to what each currently offers. To achieve this, Mango provides options for margin trading, lending, and perpetual futures, alongside a decentralized governance system that helps shape its future trajectory. Over time, Mango's open ecosystem is set to foster extraordinary and unexpected developments that could surpass what traditional finance offers.

With rapid trade execution and minimal fees, Mango leverages Solana's high-performance blockchain and Serum DEX, a decentralized, permissionless order book for margin trading. The Mango Token primarily serves as a governance token, giving holders collective power to enhance the protocol while being balanced by the DAO's oversight. This empowers token holders to create incentives that encourage participation and drive the protocol's adoption.

Mango was born from the moment Daffy Durairaj shared a video showcasing a command line margin trading tool on Solana. Maximilian Schneider stumbled upon this video, reached out to Daffy on Discord, and together they advanced the development and co-founded Mango Markets.

The core components of this vision are low latency, minimal transaction costs, and complete decentralization. We believe these elements are all crucial for the project's success, and they are now all accessible through Solana.

In the end, Mango aims to triumph over the long term in the world of financial services. The tools we offer are practical thanks to low latency. Extremely low fees make Mango a tough competitor. Decentralization shields it from failures or malice in centralized systems. Open governance, which generously distributes power and resources to builders, will draw top talent to contribute to and manage the protocol. Lastly, its permissionless nature allows countless small experiments to generate groundbreaking innovations. We are eager to build Mango following this vision, and we invite you to join us.

There are currently 1,000,000,000 MNGO Coins in circulation.