Mangata, a decentralized cross-chain trading platform, trades cross-chain assets with low handling fees. Its mission is to create fair rules for traders, eliminate volatile network fees, and resolve trading issues quickly. Mangata will bridge Ethereum to create channels between DeFi ecosystems.

Project Introduction

Mangata is a cross-chain DEX that sits between the Polkadot and ETH DeFi ecosystems. The first and most important currency pair is DOT:ETH, which is the basic liquidity channel.

Mangata is an AMM (Automatic Market Maker) based DEX with a mechanism similar to Uniswap.
Liquidity reserves can be provided by two types of people:
Validators, whose shares are reused as liquidity in the AMM
Pure liquidity providers, users who have no aspirations to become validators
> Effectively, the liquidity reserve is merged with the stake from the chain's PoS consensus. We call it PoL - Proof of Liquidity.
The native token MNG is responsible for staking. Since the liquidity requirement in an AMM requires locking a pair of assets, each validator must stake two assets, such as MNG:DOT. Validators can stake MNG and pair it with any token of their choice.

Fees
In existing DEXs like Uniswap, traders have to pay two fees. Interchange fees (usually 0.3%) and network fees. Network fees depend on the conditions of the Ethereum fee market and are often highly volatile.
In Mangata, there is no need to pay network fees, and traders only need to pay a fixed fee for exchange operations. By ignoring fees, Mangata can offer 50% cheaper deals on average.
We believe that trading strategies should be built around price predictions and asset valuations, not based on managing network fees.

Our mission is to create fair rules for traders: fast transaction resolution, low fixed fee guarantees, and proactive protection of the Polkadot ecosystem.
Our goal is to create the #1 Go-To protocol for online traders and liquidity providers for digital currencies.