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Mango Markets

Mango Markets

Solana-based margin trading and borrowing protocol offering cross-margin accounts with integrated spot and perpetual futures trading

Launch Year
2021
Consensus
Proof of History (Solana)
Max Supply
10,000,000,000 MNGO
Block Time
~0.4 seconds (Solana)
MNGO
MNGO
Mango Markets
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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Mango Markets Price Chart

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About Mango Markets

Mango Markets was a Solana-based decentralized margin trading and borrowing platform that combined spot trading, perpetual futures, and borrow/lend in a single cross-margin account. Users could trade with up to 10x leverage using cross-margined collateral, with positions in spot and perpetuals sharing the same margin account. MNGO was the governance token allowing holders to vote on risk parameters, new asset listings, and protocol upgrades. Mango suffered a significant governance exploit in 2022 and has since operated in a reduced capacity.

History

2021
Mango Markets launches on Solana with integrated spot and perpetuals trading
2021
MNGO token launches via governance distribution
2022
Mango Markets suffers $114M oracle price manipulation exploit
2022
Protocol recovers after exploit; governance votes on compensation
2023
Mango continues reduced operations; v4 development begins

How to Swap MNGO

Swapping Mango Markets (MNGO) on SyntheticSwap requires no account or KYC verification. MNGO is a Solana-native token, supported by Phantom, Solflare, Backpack, and any Solana-compatible wallet. Open SyntheticSwap, select MNGO as your source or destination, enter your receiving wallet address, and confirm the displayed floating rate. Send MNGO from your Solana wallet to the provided deposit address — Solana's fast block times mean your swap typically settles in seconds. The destination asset goes directly to your chosen wallet.

How to Store MNGO

Store MNGO in Phantom, Solflare, or any SPL-compatible Solana wallet. MNGO is a Solana SPL token requiring SOL for transaction fees.

Frequently Asked Questions