Mangrove
Mangrove
Mangrove
  • START HERE
    • What is Mangrove?
      • Smart offers
      • Bounty
      • Makers, Takers, Keepers
        • Makers
        • Takers
        • Keepers
    • Why Mangrove?
    • Who is the Mangrove dApp for?
    • Audits
    • FAQ
    • Glossary
    • Terms & Conditions
  • Strategies
    • Kandel
      • What is Kandel?
      • How does Kandel Work?
        • Step-by-step visual explanation
        • Parameters
        • Choosing Kandel parameters
        • Published Liquidity
        • More on failing offers
      • Potential risks
  • DAPP GUIDE
    • Swap
    • Trade
      • How to make an order
        • Market Order
        • Limit Order
        • Amplified Order
        • More on order types
      • Approvals
      • Minimum Volume
      • How to Track and Manage Orders
    • Earn
    • Rewards
    • Bridge
    • Wrap
  • MGV INCENTIVES
    • Fee Rewards
      • How the programs Work
      • Current programs
    • Vault LP programs
      • How the Programs Work
      • Current programs
      • Earning rewards
      • Example
      • Previous programs
    • MS2 Program (closed)
      • How Rewards Are Calculated
        • Reward Rate ρ
        • Takers Rewards
        • Adjusted Volume for Makers
        • How to Maximize Your Score
      • MGV Token Allocation per User Type
        • Specific Allocation for Kandel users and vault managers
        • Community Contributors
        • Incentives with a custom strategy
      • Epochs and Updates
    • MS1 Program (closed)
      • Intro
      • Trading Points
      • Boost
      • Referral Points
      • Community Points
      • Parameters
      • Technical Insights
      • MS1 FAQ
      • Disclaimer
  • Governance
    • General Governance
      • Key Stakeholders
        • Token Holders
          • Builders
        • Builders
        • Pods
      • Guardians
      • Governance Process
        • Initial Discussions
        • Proposals
        • Voting
        • Execution
    • Councils
      • Responsibilities
      • Elections
      • Budgets
    • Guides and resources
      • How to vote on a governance proposal
      • How to delegate my voting power
      • How to access the Builders’ directory
      • How to access the Pods’ directory
      • Snapshot configuration & membership
      • Links and adresses
  • QUICK LINKS
    • Whitepaper
    • Website
    • Feedback
    • Blog
    • GitHub
    • X
    • Discord
    • Telegram
    • Deployment adresses
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On this page
  1. Governance
  2. General Governance
  3. Key Stakeholders

Token Holders

Token Holders is the largest group participating in the governance of Mangrove DAO. MGV is the Mangrove's governance token, and anyone owning some can either vote or delegate their voting power to someone else. Their participation ensures that a wide range of voices are heard, particularly those with a vested interest in the protocol.

The voting power of a member of this group is directly proportional to the number of tokens held by or delegated to the voting address. The total number of vested MGVs is taken into account, regardless of whether they have been claimed or not.

NB: The MGV token is currently not transferable and not available on public markets. It is expected that the DAO will start distributing MGVs to Mangrove's users, liquidity providers, market makers, and developers in early 2024.

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Last updated 5 months ago