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. START HERE
  2. What is Mangrove?
  3. Makers, Takers, Keepers

Takers

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Last updated 5 months ago

Takers respond to the offers set up by . They critically assess these offers, considering factors like asset types, quantities, and prices.

The role of Takers is crucial in completing transactions within the Mangrove marketplace. When a Taker agrees to the terms of an offer, they effectively seals the deal proposed by the Maker, leading to the execution of the trade.

Takers provide the necessary demand and liquidity in the marketplace, ensuring that the offers created by Makers are fulfilled. Their actions complete the cycle of trading activity within the Mangrove ecosystem, making it a dynamic and interactive platform for exchanges.

Takers have the ability to buy or sell assets on Mangrove, using either market or limit orders, akin to a traditional orderbook. They can execute these offers through general orders or choose to clean them individually.

This interaction between Takers and Makers completes the trading cycle in the Mangrove ecosystem, enhancing its interactivity and liquidity.

The workflow for Takers involves executing the logic of all relevant smart offers upon an order's placement. Successful orders are removed from the book, and the process continues until the Taker's order is completely filled. If a Maker withdraws their offer and fails to match the liquidity, the Taker is compensated with a penalty (bounty), and Mangrove proceeds to the next offer. This ensures that Takers are appropriately remunerated and that the order book remains efficient.

Makers