Mango is a decentralized, cross-margin trading platform with up to 5x leverage and integrated limit orders on Serum DEX's on-chain order book. Mango is built on the Solana blockchain and utilizes Serum DEX for spot margin trading while perpetual futures are traded on Mango's own orderbook. Mango is governed by $MNGO holders via the Mango DAO. Mango intends to merge the liquidity and usability of CeFi with the permissionless innovation of DeFi at a lower cost to the end-user than both currently provide. Towards this goal, Mango offers margin trading, lending, and perpetual futures along with decentralized governance.
The Mango Token ($MNGO) is a governance token. The token holders have the power to upgrade the protocol as they see fit, only constrained by the checks and balances of the DAO. This allows token holders to create incentives to reward participation and drive usage of the protocol.
