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Mangata
Mangata is an Ethereum native cross-rollup protocol focused on security and native swaps. It also features Mangata X, a community-owned DEX Parachain on Kusama for experienced traders, which aims to solve DeFi issues like high gas costs and front-running through a 'No Gas' economy and built-in MEV protection.
Distributed
Description
Mangata has evolved into the fastest Ethereum native cross-rollup protocol, providing high security and simple native swaps. A key part of its ecosystem is Mangata X, a community-owned DEX Parachain on Kusama designed for experienced traders and experimental tokens. Mangata X addresses common DeFi problems by implementing a 'No Gas' economy, offering free protection against front-running and Miner Extractable Value (MEV), and introducing new capital efficiency mechanisms directly on-chain. As a Day 1 DAO, 80% of its MGX tokens are allocated to the community. The MGX token has a hard cap of 4 billion and features a buy & burn mechanism with every trade to create deflationary pressure, supporting liquidity mining and validation rewards.Grant Funding
VC Funding
None
2022
$0
$4.2M