Mangrove

Mangrove is a next-generation decentralized exchange built around the concept of programmable liquidity. Its core innovation lies in the “offer-is-code” architecture, where each offer on the order book is a smart contract capable of sourcing liquidity on demand. Instead of requiring assets to be locked up, liquidity providers can post executable strategies that activate when matched, giving rise to highly composable, capital-efficient trading experiences. Mangrove runs entirely on-chain and is designed to integrate with any EVM-based ecosystem.

Traditional AMMs like Uniswap or Curve suffer from capital inefficiency, fragmentation, and passive pricing models. In contrast, Mangrove gives liquidity providers total control through smart contract automation. They can implement strategies like lending on Compound, borrowing with leverage, or posting limit orders with "last look" logic — all within a single DEX. Offers can persist on the book, self-repost after execution, or cancel themselves based on price feeds, enabling sophisticated financial behavior previously seen only in centralized markets.

By supporting both maker- and taker-driven modes, Mangrove accommodates high-frequency trading strategies, yield maximization, and even flash loan markets. Moreover, its protocol-level enforcement of offer credibility through refundable provisions prevents spam and ensures a clean, functioning marketplace. Smart governance mechanisms, gas-efficient architecture, and integration potential with other DeFi protocols make Mangrove a foundational layer for building the next generation of decentralized financial products.

Mangrove introduces a new paradigm in decentralized trading with its unique set of features and benefits:

• Offer-Is-Code Architecture: Each offer is a smart contract capable of executing dynamic strategies, enabling unprecedented flexibility in DeFi trading.
• No Locked Liquidity: Funds are not locked in the order book. Liquidity providers retain full control and can earn yield elsewhere while orders sit on Mangrove.
• Composable Strategies: Users can create complex financial behaviors like lending, leveraging, or automated reposting directly within the DEX.
• Persistence & Reactivity: Offers can reappear after execution and adapt to on-chain/off-chain signals in real-time, creating a “living” order book.
• Integrated Flash Loans: Flash-loanable liquidity can be posted directly in the order book, consolidating fragmented sources into a single marketplace.
• Slashing Incentives: Misbehaving offers can be slashed by the protocol, ensuring reliability and deterring spam or failed executions.
• Multi-Pair Support with Shared Liquidity: Liquidity providers can expose assets to multiple trading pairs simultaneously with atomic execution across pairs.

Getting started with Mangrove is quick, intuitive, and designed for both developers and traders:

• Visit the App: Navigate to the Mangrove website and click on "Launch App" to enter the trading dashboard.
• Connect Your Wallet: Use MetaMask or any Web3-compatible wallet to access Mangrove’s ecosystem on supported EVM chains.
• Explore Strategies: Access ready-to-deploy strategies like the Kandel AMM or browse the strategy library on GitHub.
• Post Offers: Choose an asset pair, write or reuse a smart contract strategy, and post it as an active order in the book.
• Trade or Earn: Place limit orders, run AMMs, provide reactive liquidity, or simply trade via the UI while maximizing capital efficiency.
• Integrate Your Protocol: Developers can connect DeFi apps to Mangrove via SDKs and open new functionalities for users without sacrificing TVL.
• Join the Community: Connect with the Mangrove ecosystem on Discord and follow updates on the Mangrove Blog.