Mangrove
Mangrove
MangroveDevelopper
Mangrove
MangroveDevelopper
  • 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. Vault LP programs

Current programs

All Vault LP programs currently running on Arbitrum

Below are the active LP programs launching on April 7th, 2025, and running for one month until May 7th, 2025. Each program has a budget of 600,000 MGV tokens.

Trading Pair
Vault Address
Reward Rate

WETH-USDC

0xCC1b...3C52

~0.01 MGV per $ per day

cbBTC-USDC

0x365c...18ce

~0.01 MGV per $ per day

cbBTC-EURC

0xC95a...2119

~0.01 MGV per $ per day

wstETH-WETH

0x8ec6...2bc8

~20 MGV per ETH per day*

*Note: For the wstETH-WETH pair, a static value of 2000 USD per ETH is used for reward calculations. This means the reward rate is effectively around 20 MGV per ETH (not per dollar) per day.

Program Design Rationale

The reward rate of approximately 0.01 MGV per dollar per day has been carefully chosen to:

  • Provide meaningful incentives for liquidity providers

  • Ensure sustainable distribution of rewards throughout the program duration

  • Create a balanced reward structure across different trading pairs

PreviousHow the Programs WorkNextEarning rewards

Last updated 10 days ago