Mangrove DAO operates an order-book-based DeFi exchange that lets traders execute pre-emptive smart offers of liquidity underpinned by digital contracts. Its platform executes smart contracts between DeFi liquidity providers and buyers, allowing participants to advertise agreed liquidity assets as soon as a deal is promised. Mangrove envisages trading in which promised DeFi, tied by smart contracts, can be shared, borrowed and loaned while remaining registered on the decentralized ledger until a matching offer is identified. The concept draws on traditional exchange market models—founders noted market makers often borrow liquidity rather than use their own capital and sought to replicate that efficiency in DeFi. The company cites an estimated $50 billion locked into DeFi agreements and argues current practices create inefficiencies in capital utilization and high costs for using capital. Mangrove says it will invest the $7.4 million Series A proceeds into research leads and product enhancements.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2023