Mango aims to combine the convenience and accessibility of traditional finance (CeFi) with the innovative and open nature of decentralized finance (DeFi), all while offering a more cost-effective solution for users. The platform provides various features such as margin trading, lending, and perpetual futures, alongside a decentralized governance system that allows community members to make decisions regarding its future development. In the long term, Mango expects its open ecosystem to foster groundbreaking and unexpected innovations that could potentially surpass centralized finance.
Using Solana, a high-performance blockchain, and Serum DEX, a decentralized and permissionless order book for margin trading, Mango ensures swift trade execution and minimal transaction fees.
The Mango Token primarily serves as a governance token, granting token holders the ability to upgrade the protocol according to their preferences, with the caveat of adhering to the DAO's checks-and-balances system. This feature empowers token holders to establish incentives that encourage participation and drive the utilization of the protocol.
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