MGV Token Allocation per User Type

Mangrove allocates rewards differently across its three main user types:

• Makers: Users who post offers to the market.

• Takers: Users who accept existing offers.

• Kandel’s LPs: Liquidity providers using Kandel strategies, which involve placing orders across various price points.

Each group receives MGV tokens based on their contribution to the market, with special attention given to Kandel’s LPs for their role in providing liquidity across price ranges.

Mangrove DAO's Ecosystem Council defines the total amount of MGV allocated during an epoch, denoted as β, and how it is distributed to each type of usage. This announcement is public and shared on our social channels.