Mangrove

Mangrove is a promising startup with a clear mission encapsulated in their slogan, "Unlimited liquidity for DeFi." The company, founded in 2021, operates in the Blockchain and Finance industries, with its headquarters based in France. Their innovative approach to decentralized finance (DeFi) is gaining attention in the market. Mangrove's unique proposition lies in its order book-based DEX, which facilitates liquidity providers to post arbitrary smart contracts as offers. This flexibility allows liquidity providers to post offers that are not fully provisioned, listing promises on the Mangrove's order book instead of locked commitments. This novel approach indicates a shift away from the fragmented pools prevalent in the DeFi landscape, as stated in their description. The startup recently secured a significant milestone, with a noteworthy $7.40M Series A investment on 28 February 2023. This investment was led by CMT Digital, Greenfield One, gumi Cryptos Capital, Cumberland, a consortium of investors renowned in the industry. Such robust financial backing speaks to the belief in Mangrove's potential to revolutionize the DeFi space and unlock the ultimate potential of liquidity. In conclusion, Mangrove's innovative model and recent substantial investment underscore its position as a standout player in the evolving DeFi landscape, poised to reshape the dynamics of liquidity provision and unlock new opportunities within the decentralized finance ecosystem.