Mango Markets is a decentralized, cross-margin trading protocol that offers a single venue for spot margin trading, perpetual futures, borrowing, and lending. Governed by the Mango DAO (Decentralized Autonomous Organization) through its native MNGO token, the platform aims to merge the liquidity and usability of centralized finance with the permissionless nature of decentralized finance. Its architecture on the high-speed Solana blockchain allows for low transaction fees and fast order execution. The protocol's history is notably marked by a major security incident in October 2022, where it was exploited for over $100 million through price manipulation, leading to significant governance changes and recovery efforts.

Founded in

India