Mango Markets
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FAQ
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How can I earn interest?

To earn interest, simply deposit into your margin account; all assets automatically earn interest. Annual rates are displayed in the margin account panel in green.

What are the different versions of Mango?

V2( mango.markets ) is the newest version of Mango and supports SOL, SRM, BTC, ETH, and USDC trading, lending, and borrowing.
V1( usdt.mango.markets ) supports BTC, ETH, and USDT trading, borrowing, and lending. SRM deposits do not count as collateral or earn interest.

What prevents someone from borrowing funds, withdrawing, and running away with it?

Our system checks deposits, positions, and borrows accounts to ensure that an individual can not withdraw more than their equity, calculated by val(deposits) +val(open orders) - val(borrows).

Does Mango have an insurance fund on deposits?

There is an insurance fund to cover socialized losses to lenders on v3.

Is Mango’s code audited?

Mango code has been informally reviewed by Serum and Solana devs as well as the German white hat hacker team “Alles!’.

What does IOC mean?

Immediate or cancel (IOC). If an order is placed and not filled within 10 seconds, it's cancelled.

What does POST mean?

POST limit orders are added to the order-book and earn maker fees if filled. POST orders will always be the 'maker'.

How can I contribute MSRM?

Connect wallet and click 'Fee Discounts'. There is an option to Deposit SRM.

How is equity calculated?

equity = val(deposits) +val(open orders) - val(borrows)

How is interest calculated?

The interest rate is a function of the utilization ratio: total borrowed by all users divided by total deposits of all users. The interest rate will increase slowly approaching a utilization ratio of 70% but will increase rapidly above that to encourage the market to deposit more funds.

Does it cost anything to open a Mango account?

Yes, to cover costs of creating necessary accounts on Solana blockchain and storage. The costs is 0.032 SOL to create MangoAccount and also 0.025 SOL for each new spot market they trade on.
Last modified 1mo ago