News

  • Mangata X Concludes Bootstrap with $13 Million FDV

    Mangata X Concludes Bootstrap with $13 Million FDV

    Mangata X, the upcoming Kusama DEX has concluded its MGX-KSM Liquidity Bootstrapping Event with a strong result against the crypto bear market. With $13 million FDV (fully diluted value) and about 19% of the MGX supply being contributed, the community-driven DEX is setting sails for its mission to offer all tokens from all chains on a single platform. The initial liquidity mining rush is estimated to offer 78% APR.
  • Mangata X Bootstrap Starts with Low FDV & Market Cap to Build Fair Distribution

    Mangata X Bootstrap Starts with Low FDV & Market Cap to Build Fair Distribution

    Mangata X, the community-owned DEX, has started its MGX-KSM Liquidity Bootstrapping Event with a big bang! 17% of the total MGX supply is offered for grabs to anyone who contributes to the bootstrap. This bold move is intended to radically decentralize liquidity and ownership of the incubating network and give the whole ecosystem a stake in the Kusama DEX.
  • Mangata Finance works with Top Security Auditor SRLabs

    Mangata Finance works with Top Security Auditor SRLabs

    After concluding our record-breaking Mangata X crowdloan, we are getting ready for the MGX-KSM Liquidity Bootstrapping Event. In order to ensure that the funds of users are safe, we have decided to work with the top Substrate auditing company in the space: SRLabs. SRLabs is one of the most trusted auditing companies in Substrate. They have audited top projects like Polkadot & Kusama, Acala and Kilt.
  • Mangata Finance Raises $4.2M to Build Out Its Secure, No-Gas Cross-Chain DEX

    Mangata Finance Raises $4.2M to Build Out Its Secure, No-Gas Cross-Chain DEX

    Equity round joined by previous investors lifts the Polkadot startup's valuation to $60M. Mangata, the community-driven DEX looking to solve some of the biggest problems facing the global crypto market, has raised a $4.2 million equity round, valuing the company at $60 million, shortly after the launch of its first blockchain on the Kusama network.

  • Mangata X to Integrate aUSD As the Default Stablecoin

    Mangata X to Integrate aUSD As the Default Stablecoin

    Mangata Finance and Acala have agreed to a partnership to use aUSD as the stablecoin of choice for our currently launching Kusama DEX. aUSD will be positioned as the default stable option for liquidity pools on Mangata X. The MGX-aUSD liquidity pair especially will act as an attractive staking option in our revolutionary Proof-of-Liquidity mechanism.

  • Mangata Finance partners with OAK Network

    Mangata Finance partners with OAK Network

    OAK is an upcoming automation parachain that will bring a much needed piece to Dotsama: trustless cross-chain workflow automation. This partnership opes new possibilities for DeFi like dollar cost averaging, ice berg orders, execution of strategies based on price and time and much much more! Together we will be forming an open ecosystem of yield opportunities.

  • Mangata X reaches crowdloan goal at record-breaking speed within 50 minutes

    Mangata X reaches crowdloan goal at record-breaking speed within 50 minutes

  • Mangata proposes that Kusama Treasury deploys 10m USD into KSM-ETH pool

    Mangata proposes that Kusama Treasury deploys 10m USD into KSM-ETH pool

    Mangata wants to open liquidity gates between Ethereum and Kusama.

    Mangata Finance has submitted a proposal to the Kusama Treasury intended to scale up the capital exchange between the Ethereum and Kusama ecosystems. The proposal asks the Kusama Treasury (which currently holds 140m USD in value) to deploy 10m USD worth of liquidity into a KSM-ETH liquidity pool at the Mangata DEX Parachain on Kusama, scheduled to launch in Q1 2021. Mangata expects the KSM-ETH pool to become one of the most important capital exchange points between the Ethereum and Kusama ecosystems.

  • Mangata 决定赔偿 PancakeSwap 骗局的受害者<br />Mangata refunds the victims of the scam on PancakeSwap

    Mangata 决定赔偿 PancakeSwap 骗局的受害者
    Mangata refunds the victims of the scam on PancakeSwap

    上个周末,有人在 PancakeSwap 发起了一项活动,表示要售卖 MGA 代币。但是这些代币并不是真正的 MGA,而且和 Mangata Finance 没有关系。

  • Mangata Completes First Milestone for the Substrate Builders Program

    Mangata Completes First Milestone for the Substrate Builders Program

    Today, we’re extremely pleased to announce that Mangata has officially completed our first milestone for the Substrate Builders Program!

  • Mangata Finance Accepted Into DeFi Alliance DeFi Startup Accelerator

    Mangata Finance Accepted Into DeFi Alliance DeFi Startup Accelerator

    Mangata Finance joins the class of Sushiswap, dYdX, and Kyber network.

    The DeFi Alliance Accelerator welcomes its latest member, Mangata Finance. The newly accelerated project will join DeFi Alliance’s six-week program. The accelerator program has helped projects like 0x, Acala, Synthetix, Loopring, and Zerion successfully navigate the DeFi startup scene.

  • Mangata partners with Composable: Opening its own Parachain Vault Strategy for the future parachain slot auction

    Mangata partners with Composable: Opening its own Parachain Vault Strategy for the future parachain slot auction

    Mangata’s core strategy is to be a DEX parachain that bridges the Ethereum and Polkadot ecosystems. To accomplish this goal, we need to build our protocol on a Polkadot parachain, which requires going through a parachain auction. Besides the traditional approach of crowdloaning, there are new and superior cross-chain approaches that allows funds to be allocated from the Ethereum ecosystem towards parachain procurement.

  • Mangata builds sleek trading terminal for Polkadot assets, raises $1.4M

    Mangata builds sleek trading terminal for Polkadot assets, raises $1.4M

    The growth of the Polkadot ecosystem has made it clear that many of the market’s chains are plagued by unfair front-running practices, rising fees and slow settlements, causing significant losses. As the industry continues its scalability narrative of faster and efficient base layers, these ever-present setbacks need to be addressed.