Mangata blog

  • Mangata introduces Liquidity Gauges and Weight Voting to Polkadot

    Mangata introduces Liquidity Gauges and Weight Voting to Polkadot

    Liquidity Gauges are a powerful incentive mechanism pioneered by Curve Finance on Ethereum that has led to deep liquidity, increased governance participation, and resulted in the infamous “Flywheel Effect” and the Curve Wars. Mangata Labs is now introducing Liquidity Gauges and Weight Voting to the Polkadot Ecosystem. The first release will go live on Mangata X next week.
  • Mangata X lists IMBU from Imbue Network - Liquidity Bootstrapping Event on 7th of November 2022

    Mangata X lists IMBU from Imbue Network - Liquidity Bootstrapping Event on 7th of November 2022

    Mangata X is about to list IMBU, the native token of the Imbue Network. Imbue is aiming to provide decentralized crowdfunding services in the Polkadot ecosystem. IMBU will be bootstrapped on the Kusama DEX with the IMBU-MGX pair on the 7th of November. The bootstrap will run for 3 days, and Mangata X users and the Imbue community will be able to join the bootstrap by providing IMBU or MGX.
  • Council Incident Report

    Council Incident Report

  • Council Incident Report

    Council Incident Report

  • TUR-MGX - Launching TUR Liquidity on Mangata X on 29th August 2022

    TUR-MGX - Launching TUR Liquidity on Mangata X on 29th August 2022

    Mangata's brand-new Bootstrapping Pallet enables Turing Network to bring their token to DeFi. TUR is ready to go into price discovery! After Turing Network's successful launch on Kusama, its TUR token is getting ready to hit the markets. Thanks to our freshly opened XCM channel with Turing Network, Mangata X users will be able to seamlessly transfer assets between Turing and Mangata X. We are proud to be partnering with OAK Network to explore how Turing (OAK'S canary network on Kusama) gives traders new tools like auto-compounding, dollar-cost averaging, iceberg orders, and more.
  • Time Incentivization - Attract calm liquidity to create reliable markets

    Time Incentivization - Attract calm liquidity to create reliable markets

    Today, we are giving builders a new tool to start using the DeFi legos that Mangata X has to offer. We are releasing the Mangata SDK 1.0, the same software package that our team is using to build the Mangata X trading app. With this SDK (Software Development Kit), developers will be able to directly tap into the capabilities of Mangata X: gasless swaps, front-running prevention, and private transactions. This allows them to create their own trading bots, DEX interfaces, wallets, and apps.
  • Mangata SDK 1.0: Build your own DEXes and Bots

    Mangata SDK 1.0: Build your own DEXes and Bots

    Today, we are giving builders a new tool to start using the DeFi legos that Mangata X has to offer. We are releasing the Mangata SDK 1.0, the same software package that our team is using to build the Mangata X trading app. With this SDK (Software Development Kit), developers will be able to directly tap into the capabilities of Mangata X: gasless swaps, front-running prevention, and private transactions. This allows them to create their own trading bots, DEX interfaces, wallets, and apps.
  • 赔偿在PancakeSwap假MGA销售骗局中的受害者 - Mangata X Reimburses Victims of the Pancake Swap Scam

    赔偿在PancakeSwap假MGA销售骗局中的受害者 - Mangata X Reimburses Victims of the Pancake Swap Scam

    Mangata Finance is offering to reimburse victims that have fallen for a fake Mangata token sale last year. In this article, we explain how the victims can connect their BSC wallet to a Mangata account to claim their reimbursement.
  • The 168 Million MGX Bounty - A New Way to Look at Fair Price Discovery

    The 168 Million MGX Bounty - A New Way to Look at Fair Price Discovery

    The Mangata X Ecosystem Development Fund has committed 17% of the TGE supply to the MGX-KSM Liquidity Bootstrapping Event. We expect that this offer will make the bootstrap less competitive and more collaborative within the Kusama community. The bounty creates a low initial valuation, which will lead to a fairer, more accessible distribution and eventually to achieve our goal of a community-owned DEX. In this article, we explain the game theory behind this move.
  • Liquidity Bootstrap Live: 168 Million MGX up for Grabs

    Liquidity Bootstrap Live: 168 Million MGX up for Grabs

    The MGX-KSM Liquidity Bootstrapping Event is now live! Now it is your chance to get your MGX liquidity allocation and receive early rewards. The Ecosystem Development Fund has contributed 168 million MGX, which are now up for grabs by the Kusama ecosystem. Early supporters who whitelisted themselves can go first.
  • MGX-KSM Liquidity Bootstrapping Event Date: June 8th

    MGX-KSM Liquidity Bootstrapping Event Date: June 8th

    The event we have all been waiting for weeks is approaching. Today we announce the exact date: The MGX-KSM Liquidity Bootstrapping Event will start on June 8th, 2022, and will last for a week!
  • Rocket launch delayed due to adverse weather

    Rocket launch delayed due to adverse weather

    Due to global market conditions, the total crypto market took a downturn from 1.8 trillion USD in value to 1.1 trillion USD within just 8 days. We witnessed the implosion of a stablecoin that carried upwards of 40 billion USD in value. Kusama, already being front-run on the market from the impeding unlock also took a significant dip. All in all, the market has a lot of things to talk about and attention is everywhere. For these reasons, we have determined that it is not the right conditions to launch the the MGX-KSM Liquidity Bootstrapping Event yet.
  • MGX-KSM Liquidity Bootstrapping Event - Unstake your KSM now!

    MGX-KSM Liquidity Bootstrapping Event - Unstake your KSM now!

    On 15th May 2022, 1.1 million KSM will get unlocked and search for a new home. To commemorate the event, Mangata X will shortly be holding the MGX-KSM Liquidity Bootstrapping Event and offer KSM holders the opportunity to join one of the most important liquidity pools of this new ecosystem.
  • #TheUnlock - 1.1 Million KSM Released to the Market on May 15th

    #TheUnlock - 1.1 Million KSM Released to the Market on May 15th

    On 15th May, 2022, 1.1m KSM (150m USD as of today) are getting unlocked to the market. That is 9% of the total supply! In this post, we are making the case for investors to put a portion of them into the upcoming Mangata X MGX-KSM liquidity bootstrapping event.
  • The battle for decentralization: First blocks, Kusummer '22 & third generations

    The battle for decentralization: First blocks, Kusummer '22 & third generations

    After 1.5 years of hard work, Mangata X has onboarded to Kusama as Parachain 2110! Mangata X produced block number 1 on 2022-04-12 14:38 UTC. To celebrate the day, we want to use the opportunity to reflect on the current challenges of crypto and DeFi, share our thoughts on Web3, DeFi 3.0 & Generation 3 blockchains in Kusummer '22 and share our ambitions for Mangata.
  • Join the Whitelist: MGX-KSM Liquidity Bootstrapping Event

    Join the Whitelist: MGX-KSM Liquidity Bootstrapping Event

    To discover the initial price of MGX and make sure there is a stable price and sufficient liquidity in the very first MGX-based liquidity pool, we are holding an MGX-KSM liquidity bootstrapping event. The event will offer an exclusive phase where whitelisted community members ONLY can contribute, followed by a public phase. This article explains the liquidity bootstrapping event and whitelisting process. EVERYONE who wants to be whitelisted for the bootstrap needs to participate in the whitelisting process! The whitelisting ends on 19th April 6am UTC.
  • Claim your Crowdloan Bonus NOW!

    Claim your Crowdloan Bonus NOW!

    If you have participated in the Mangata X crowdloan AND you are eligible for a bonus, you should now claim your bonus. The linking period will last until 13th April 2022. This post explains how to claim your bonus.
  • Algorithmic Buy & Burn - A novel mechanism to connect token price with success of the protocol

    Algorithmic Buy & Burn - A novel mechanism to connect token price with success of the protocol

    Algorithmic buy & burn is a novel mechanism that enables a crypto project to maintain a capped supply while at the same time continuously minting new rewards for services like liquidity provision and block creation. As a bonus for token holders, it positively connects the success and activity of the network with token price appreciation.

    In this article, we show the motivation behind the mechanism, explain the exact mechanism, describe the positive effects for the ecosystem and MGX holders and show projections about the expected outcomes.

  • How to Analyze a Crowdloan offer

    How to Analyze a Crowdloan offer

    Crane is a Dotsama community member who analyzes the Crowdloan offerings of different Parachains. He recently wrote a review of Mangata X that put our crowdloan & tokenomics in a very good spot. We asked Crane to share his method with us and he agreed to write this guest article. We also invited him to Mangata Monday and will link to the recording in the beginning of the article.

  • Mangata X wins Parachain Slot Auction

    Mangata X wins Parachain Slot Auction

    We have reached our first goal on the road to launching the most capital efficient and fair DEX: Win a Parachain Slot! A big 'Thank you!' to everyone who has made this possible. In this post, we will go into the road ahead and what we have planned in the weeks leading to starting trading on Mangata X.

  • Mangata X Crowdloan Bonuses: 30% for LPs of Sushiswap, Solarbeam, Zenlink & Karura

    Mangata X Crowdloan Bonuses: 30% for LPs of Sushiswap, Solarbeam, Zenlink & Karura

    As was announced in the Mangata X - Crowdloan Details post, there will be a 30% DEX bonus and a 50% Community bonus given out on top of the 6,250 MGX base reward for participation in the Mangata X Crowdloan. In this blog post, we give you the details and lay out the roadmap for the crowdloan.

  • Mangata X - Crowdloan Details

    Mangata X - Crowdloan Details

    The Mangata X crowdloan is coming closer and closer. Following our Mangata X Announcement, one of the most common questions was around Tokenomics and details on the Crowdloan. After we have released an in-depth article on Mangat X Tokenomics, we now proceed to share details on the upcoming crowdloan. As is common, we will bid for a full slot period of 48 weeks.

  • The Mangata Playbook - Part 3: Tokenomics

    The Mangata Playbook - Part 3: Tokenomics

    This post introduces you to the Mangata X Tokenomics. First we will give you a summary, then we go into a deep dive to explain our thinking behind it.

  • The Mangata Playbook - Part 1: Begin with the End in Mind

    The Mangata Playbook - Part 1: Begin with the End in Mind

    This article kicks off the 4-part series 'The Mangata Playbook', which will serve our community as the definitive guide on what Mangata is and how we will create the most capital efficient and fair DEX in crypto.

  • Introducing Mangata X - Join the Waiting List!

    Introducing Mangata X - Join the Waiting List!

    In this post, we will be introducing our Kusama Parachain called Mangata X, talk about tokenomics, the crowdloan, the roadmap, our priorities and how you can become part of this community-owned and community-driven Parachain. If you want to join the waiting list right away, subscribe at x.mangata.finance.

  • NFT Artists: Join the Mangata Solarpunk Exploration Challenge

    NFT Artists: Join the Mangata Solarpunk Exploration Challenge

    We are doing a crowdsourced study that explores Solarpunk in the context of Dotsama. We invite all artists to join and create a piece that contributes the the universe. The best pieces will be selected for a shared collection and any proceeds will be forwarded to the artists.

  • Earn a Living - Run a Mangata Node

    Earn a Living - Run a Mangata Node

    This is a post about how centralizing network effects are marginalizing individual node operators and how this puts the decentralization of the whole blockchain ecosystem at risk. We summarize our thoughts, research and results from community calls. And we will show first building blocks to solve the issues and the path we want to take to fix this.

    At the end of the post, we will invite you to become part of the solution and earn a living by running a node for the Mangata blockchain.

  • Building the most capital efficient DEX-chain with Proof-of-Liquidity

    Building the most capital efficient DEX-chain with Proof-of-Liquidity

    Proof-of-Liquidity is a novel consensus mechanism that builds on Proof-of-Stake but eliminates the problem of locked capital, which is detrimental to DeFi. This article explains why we at Mangata think capital efficiency will define the Endgame for DEXes, how app-specific chains can fix the problems that DeFi has on Ethereum and how we arrived at the new paradigm of Proof-of-Liquidity.

  • Our new Mangata Explainer Video is here!

    Our new Mangata Explainer Video is here!

    We had a great first Mangata Monday community call with almost 70 people attending from all over the globe. Our founder Peter gave a complete rundown on what Mangata is, where we are and what’s up next. In case you missed it, Peter recorded this 10-minute introduction for you. Also featured in the article: Fill out our form to becoma a Mangata pioneer; and watch Gleb explain Themis in 4 minutes.

  • Introducing Themis protocol v1. A solution to MEV for application-specific blockchains

    Introducing Themis protocol v1. A solution to MEV for application-specific blockchains

    Miner Extractable Value (MEV) is a fundamental and hard problem of blockchains. MEV is shifting power from users to miners and we consider it the most pressing problem in crypto. This article presents a L1 solution to MEV that is optimized for DEX-specific blockchains.

  • Calling all Mangata Pioneers: Get ready for Phase 2!

    Calling all Mangata Pioneers: Get ready for Phase 2!

    Mangata solved fundamental DeFi problems in Phase 1 and will now build the early adopter community to launch its next generation DEX chain. We invite you to become a Mangata Pioneer and join our community call on 18th October! Phase 2 will be driven by community events, explaining our tech, gathering validators, performing experiments, creating NFT art and more...

  • The first front-running attack on Karura just happened

    The first front-running attack on Karura just happened

    On 25th August, 2021, the first known front-running attack on the Karura network happened. Front-running is a form of value extraction and we consider it theft. It is now coming to the Kusama ecosystem and will cost retail users millions of dollars in value. This article explains the details of the attack, how we were able to reproduce it and what the Mangata project plans to do to eliminate value extraction.

  • Miner Extractable Value: The Biggest Thorn in DeFi

    Miner Extractable Value: The Biggest Thorn in DeFi

    In traditional finance, you may have heard the term “front-running,” an illegal practice that involves entering an equity trade with advance knowledge of a pending transaction that would effectively move the price of the underlying asset. It falls under the umbrella of insider trading, meaning people go to jail over this kind of behavior.

  • Anatomy of an attack on Uniswap traders from 13.11.2020

    Anatomy of an attack on Uniswap traders from 13.11.2020

    While conducting on-chain research last night, our team was experimenting with several strategies involving front-running Ethereum transactions. During this process, a unique attack vector came across our radar. While running a test bot that was benchmarking across a few Uniswap pools, our bot mistakenly bought into a pool created just moments ago.