Mango Market - All-in-One Powerful DEX

https://app.mango.markets

Mango Markets is an incredibly powerful tool.
Whether you are an OG on ETH, BSC, or any other EVM chains, this tool could be highly effective in supporting all your asset management actions, including trading, lending/borrowing, and swapping. The most important thing in the crypto world is to become accustomed to powerful tools that can provide significant benefits, regardless of the specific use case.

Collateral is shared between borrow/lending and leverage trading. If you deposit into your Mango Markets account, those assets will automatically earn interest and serve as available collateral to leverage trade or withdraw a borrow.

Funds are automatically borrowed for leverage trading. If you would like to place a leverage trade, simply place an order for your desired amount and if the required capital is beyond your deposits, funds will be borrowed for the position (as long as account health is eligible).

To avoid taking on a borrow or leverage position to swap in spot markets, you can uncheck the margin box in the trade form to ensure no borrows will be taken.

Audits

On 26 April 2023, audited by OtterSec

Insurance Fund

The insurance fund is for automatic coverage of bankruptcies that would otherwise result in socialized loss. It can be tapped without any attacks being involved, like when liquidators are slow or there's some other unusual event. Note: only specific tokens and markets are covered by the insurance fund. Details in the stats page gives an indicator if a token is backed by insurance fund.
May 4, 2023 - The Mango Markets group insurance vault now has a 100k$ insurance fund voted in by the dao.

Perp Market

Mango offers perp markets, which are markets for perpetual futures contracts that allow users to go long or short on the future of an underlying index price.

• Perp positions pay or receive funding payments continuously based on current perp order book and perp index price. Check funding rates before entering positions.
• Gains and losses from perp positions materialize in the settle token (USDC) though settlement.
• Perp positions have unsettled pnl depending on the difference between the current index price and the index price at the time of the last settlement.

Source: Mango Market

Harry Potter Library (HPL) Community

Please join the HPL community. I will upvote all members' posts. Simply join and post there using the tags "hpl" or "harrypotterlibrary" in your post.

• Community Address: https://steemit.com/trending/hive-140602
• About HPL Community:
  EN: Harry Potter Library - HPL
  KR: 해리포터의 도서관 (Harry Potter Library, HPL)

Let's build our community together. I will support you.

• HPL Community on Blurt:
  Just add the "hpl" tag and I will vote for a small amount