About

Mango Markets is a decentralized cross-margin trading platform built on the Solana blockchain. Mango delivers fully on chain margin trading, borrow & lending markets, and perpetual futures in one decentralized application.

History

Mango is building the first fully on chain, non-custodial, decentralized exchange for derivatives trading. Mango's goal is to create a maker and taker friendly platform that allows for spot, margin, and perpetuals trading as well as collaterized loans in one unified experience. Mango leverages Solana's industry best throughput and transaction speed for sub second finality while also leveraging Serum, blockchain's first on chain central limit order book, for its deep liquidity and execution. These innovations allow Mango to offer a series of sophisticated order types, up to 5x leverage on spot margin markets, 10x leverage on perpetual futures, and an enhanced user experience. The protocol was founded in March 2021 when founders Daffy Durairaj and Max Schneider realized Solana's nascent DeFi ecosystem was lacking derivatives markets as well as borrow & lending infrastructure. Mango's alpha testing period in March offered BTC and ETH perpetuals with USDT being the platform's stablecoin of choice. Mango has since added numerous perps markets and establishedd USDC as the primary quote asset. These markets include SOL, SRM, MNGO, RAY, ADA, FTT, COPE, and most recently mSOL, Solana's leading liquid staking token.