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. Vault LP programs

Previous programs

list of the previous Vault LP programs (Mangrove Vault)

Arbitrum - December 2024 to January 2025

Below are the active LP programs launching on December 23rd, 2024, and running for one month until January 23rd, 2025. Each program has a budget of 600,000 MGV tokens.

Trading Pair
Vault Address
Reward Rate

ARB-USDC

0x1708...8402

~0.01 MGV per $ per day

WETH-USDC

0x533f...0cC1

~0.01 MGV per $ per day

WBTC-USDT

0xD972...4B7B

~0.01 MGV per $ per day

weETH-WETH

0x1700...b12a

~35 MGV per ETH per day*

USDC-USDT

0xa99C...C19D

~0.01 MGV per $ per day

*Note: For the weETH-WETH pair, a static value of 3500 USD per ETH is used for reward calculations. This means the reward rate is effectively around 35 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

PreviousExampleNextMS2 Program (closed)

Last updated 2 months ago