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
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    • GitHub
    • X
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    • Deployment adresses
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  1. MGV INCENTIVES

MS2 Program (closed)

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Last updated 2 months ago

MS2 (Mangrove Season 2), Mangrove's second Incentives Program is now closed. This program was on arbitrum from November 2024 to February 2025.

Introduction

Mangrove’s incentive program rewards users for the effective trading volume they generate. Through a straightforward farming model, participants earn MGV tokens—Mangrove DAO’s governance token—for each dollar in trading volume which they generate (either as maker or taker). This document describes the process for calculating MGV token rewards.

The parameters affecting MGV’s yield may change over time, and any changes will be publicly announced regularly. At the beginning of each —spanning two weeks—the total amount of MGV available for claiming will be updated.

However, the principles behind the MGV incentives program are set.

Mangrove's incentive program is carefully designed to:

  • Adjust Dynamically: By varying the in response to changes in platform trading volume.

  • By rewarding orders close to the market price.

  • : By allocating rewards differently among makers, takers, and Kandel's LPs, adjusting parameters as needed while keeping the core principles unchanged.

Note: MGV incentives are exclusively available for transactions on Arbitrum.

epoch
reward rate
Encourage quality orders:
Differentiate incentives by use cases