what's Mango Markets?
Mango Markets is a decentralized finance (DeFi) protocol built on the Solana blockchain, designed to provide users with a seamless trading experience combining elements of centralized and decentralized exchanges. It enables cross-margin trading, lending, and borrowing with support for multiple collateral types, including major cryptocurrencies like SOL, BTC, and ETH. The platform leverages Solana's high throughput for low-latency order execution and utilizes flashloans for advanced trading strategies, while incorporating safety features like oracle-based pricing to mitigate risks. Governance of Mango Markets is handled through the MNGO token, allowing holders to participate in decision-making via a DAO structure. The protocol supports perpetual futures contracts and spot markets, with all positions settled on-chain for transparency and non-custodial security. By integrating with ecosystems like Serum for order books, Mango aims to offer efficient liquidity and reduced fees, fostering an environment for both retail and sophisticated traders to engage in leveraged positions without intermediaries.
Mango Markets migrates to native USDC, rolls out new features, and addresses collateralization claims.
contract
solana
neon-evm
Announced that portfolio margin, borrow lend, and HLP supplied value are currently in pre-alpha rollout with documentation available at specified location.
Governance voted to allow the attacker to retain approximately $47M after approximately $67M was returned following the October 2022 exploit.
Alert indicates potential scam activity, with urgent warnings not to interact with or send funds to the project.
Court overturns key fraud convictions in $110M exploit case, establishing potential legal precedent for future DeFi exploits based on 'code is law' defense.
$100M exploit convictions have been vacated, potentially setting precedent for "code is law" defense.
Former protocol exploiter receives 4-year sentence on unrelated exploitation charges.
Protocol exploiter receives 52-month prison sentence for unrelated charges; crypto exploit charges pending retrial.
U.S. prosecutors seek 6.5-year prison sentence for $110M exploit perpetrator Avraham Eisenberg.
Prosecutors pursue 8-year prison sentence for protocol exploiter Avi Eisenberg.
Shutting down January 13, 2025. Required MNGO token destruction and delisting following SEC settlement. Previously hit by $110M exploit.
Announced shutdown with proposals becoming executable on January 13, Monday 8PM UTC. Users advised to close positions as Mango v4 & Boost wind down.