MNGO
$MNGO is a governance token for the Mango DAO. Changes to Mango Markets’ code requires proposal and approval from the DAO. A successful proposal requires 200 million MNGO "Approve" votes and more total Approve votes than Decline. Voting is accessible at: https://dao-beta.mango.markets/dao/MNGO. $MNGO is a SPL token on Solana blockchain.
Where Can I get $MNGO?
$MNGO is available on https://trade.mango.markets/spot/MNGO as well as:
Jupiter Aggregator
Raydium Swap
Raydium DEX
Orca Swap
Can I stake $MNGO?
****There is no protocol staking mechanism. However, there are ways to earn yield.
$MNGO can be deposited on trade.mango.markets to earn interest. Current rates are shown in APR at https://trade.mango.markets/stats
$MNGO can also be used to participate in Liquidity Provider(LP) pools. Raydium and Orca offer MNGO-USDC LP token staking to earn yield. Please understand the risks of impermanent loss when participating in LP token staking described here
LP pools:
Raydium: https://raydium.io/pools/
Orca: https://www.orca.so/pools
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Does $MNGO tokens receive protocol revenue?
No, although protocol revenue is generated to a DAO controlled vault.
Last modified 9mo ago