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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  1. MGV INCENTIVES
  2. MS1 Program (closed)

MS1 FAQ

PreviousTechnical InsightsNextDisclaimer

Last updated 5 months ago

  • How do you LP on Mangrove?

    Mangrove LPs, also called makers, are the users that deploy liquidity via limit orders and Kandels. The MS1 Points Program main goal is to attract good quality liquidity to Mangrove so LPs get a higher share of the rewards vs takers, also known as traders.

  • Who are Mangrove traders?

    You are a trader when your swap using market orders, Mangrove traders correspond to takers of orders on Mangrove markets.

  • I have proceeded to >$10k of transactions, how come I have no boost?

    Boosts are computed along a period of roughly one week and only applied to the following epoch, so there will be a delay between the moment you generate volume, and when you receive boosted points. More details on the

  • I have traded $500k but received few points?

    The MS1 Points Program aim is to shape Mangrove’s order book with the best price and market depth of Blast. As such the program favours Liquidity Providers (makers) over traders (takers).

  • How to optimise your MS1 farming?

    The MS1 Points Program aim is to shape Mangrove’s order book with the best price and market depth of Blast rather than make everyone happy. As such users that contribute to making Mangrove liquidity Blast’s reap the most rewards. Typically the program favours market makers, with competitive liquidity meaning its positioned on both sides of the book, and liquidity that is very close to the market price to reduce the spread. More details in section Trading & LP Points or on the whitepaper.

    To make this system more equitable, Mangrove Kandel is a complex market making strategy available to any user. This is one of the easiest ways to develop and efficient market strategy. It provides very high liquidity for Mangrove’s order book, on both side of the book, with good upside. Feel free to join the Kandel Alpha Chat for guidance

  • Why are points and incentives so concentrated on the top of the leaderboard?

    The current points distribution is based on the formula shared in the whitepaper and parameters shared in the section Parameters per Epoch. It is a fair distribution given it is impartial; rewarding the behaviours required for this goal without favouritism or discrimination. Users that take the time to truly understand the game can reach the top of the leaderboard, extremely quick. We’ve seen for example a user make 1B points in less than a week, surpassing other farmers. Given the complexity that can be implemented in Mangrove’s programmatic orders, sophisticated investors are in a better position to optimise their strategies for farming.

boost section