Mangrove

Mangrove is a decentralized exchange (DEX) based in Paris, founded in 2021. It operates on an order book model that allows liquidity providers to post smart contracts as offers without locking funds. This approach enhances capital efficiency by enabling liquidity to be shared, borrowed, and lent, only being utilized when an offer is executed.

The platform utilizes smart contracts to facilitate decentralized trading of digital assets, addressing fragmentation in decentralized finance (DeFi) by promoting programmable liquidity. Key features include limit orders, restaking capabilities, and automation tools for trading. Mangrove's technology supports advanced liquidity provision and allows users to implement various trading strategies while generating yield from other protocols. The company has received funding from notable investors, including Gumi Cryptos Capital and Cumberland, and operates from its headquarters in Paris.