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Mangrove
Mangrove is an open-source, on-chain order-book DEX for trading crypto without locking liquidity. It enables programmable smart offers and market-making strategies that can source yield from other DeFi protocols.
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Strategies
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Description
Strategies is Mangrove’s liquidity-provider product area for deploying configurable smart-offer strategies, including defensive logic, unprovisioned offers, liquidity redisplay, amplified liquidity, external liquidity sourcing, and price-triggered actions. The page also presents Kandel as an on-chain automated market-making strategy available within this product area.Category: Trading Bot
Mangrove DEX
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Description
Mangrove DEX is an order book-based decentralized exchange that lists promises rather than locked commitments. Makers populate its order book with smart offers, attaching contracts that set sourcing and trade parameters while liquidity remains usable elsewhere until an offer is taken. Takers use market orders, limit orders, or offer sniping, while keeper bots detect and cancel failed offers for bounties. The exchange is permissionless and non-custodial, and supports liquidity-provider strategies such as defensive code, unprovisioned offers, and redisplaying liquidity after trades.Category: Decentralised Exchange
TVL: $4.3M
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Kandel
Project Links
Description
Kandel is Mangrove’s on-chain automated market-making strategy. It uses on-chain order flow to automatically populate and instantly repost bid and ask offers within a configured market and price range. Users can configure compounding of spread profits, and liquidity can be sourced and redeposited on Aave to earn additional yield when offers are taken.Category: Decentralised Exchange