Innovation in DeFi – The ecosystem of the blockchain is constantly evolving, bringing new innovations and improvements to advance the user experience. In this same dynamic, Mangrove DAO, a decentralized autonomous organization, is preparing to revolutionize the world of decentralized finance (DeFi) throwing his decentralized exchange (DEX) on the Testnet of Polygon.
Mangrove launches an innovative DEX based on the “Offer-is-Code” principle
Mangrove DAO, after a successful fundraising in series Athus marks a significant step forward in the ecosystem DeFi with the launch of DEX. It is an exchange platform where users can trade cryptocurrency directly with each other without a centralized intermediary.
The Mangrove DEX will, however, differ from other DEXs in its approach “ Offer-is-Code », a concept that allows liquidity providers to create offers in the form of smart contracts. It is also designed to address several existing issues in the DeFi landscape, including liquidity fragmentation, high slippage, and underutilization of capital.
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A game-changing DEX
The Mangrove DEX stands out for its ability to manage market orders and limit orders through an order book model (WETH/DAI, WETH/USDC and DAI/USDC initially).
A major feature of this innovation is that the supplier funds liquidity stay in their wallet until the order is takenoffering unprecedented flexibility.
The custom code built into Mangrove’s limit orders also provides access to advanced features typically reserved for centralized exchanges. These innovations allow, in fact, a more efficient trading experiencemore flexible and user-friendly.
DAO Mangrove Ecosystem and Future Opportunities
The Mangrove ecosystem is made up of creatorsof takers and of guardians. Creators publish custom smart contract offers, takers trade assets, and custodians manage failing offers. Mangrove’s objective therefore remains:
- To increase DeFi liquidity;
- improve the efficiency of negotiation;
- to give users greater control and flexibility.
As an incentive, early adopters, known as ” Mangroviens “, will have the chance to win NFT exclusive by completing various quests or winning special contests.
Mangrove DAO is positioning itself as a pioneer in the decentralized finance landscape with its innovative DEX. By leveraging the potential of smart contracts and emphasizing an optimized user experience, this platform looks set to bring a new dimension to theindustrial DeFi.
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