As Mangata is getting ready to launch on Polkadot, we’re excited to announce our plans for our next big steps: Mangata is becoming the world’s first interchain DEX with gasless swaps & MEV mitigation that is connected to Ethereum. What does this mean?
In the ever-evolving world of decentralized finance, traders will soon be able to experience faster and more efficient ways to conduct their transactions across all blockchain ecosystems with Mangata.
The team behind Mangata Finance has been breaking ground in the Polkadot ecosystem since 2020 with a feature-complete appchain with gasless swaps, and was the first to launch a DEX with MEV prevention.
The current DEX landscape is plagued by issues such as high gas fees, failed transactions, slow transaction speeds, and market manipulation by bots. These problems make it difficult for traders to execute trades quickly and at an affordable cost, leading to missed opportunities and lost profits.
An app-specific chain that can change the rules of the game and optimize for capital efficiency and fairness will be essential to achieving superiority in the long run and to provide users and traders with a landscape that can offer the best possible experience.
By launching on Polkadot and using the Substrate tech stack, Mangata has been able to build a DEX appchain with high efficiency, and an ‘out of the box’ DAO. And by opening up this existing technology to the userbase and capital of the Ethereum ecosystem, by joining Ethereum as an L2 with a decentralized sequencer, Mangata will be able to vastly expand its impact, accessibility, and addressable market; meaning that we are not leaving Polkadot, the Parachain will still be operational, and it will run hand in hand with ETH L2.
With our advanced technology and commitment to a fair and accessible trading environment, Mangata is set to lead the way toward a more efficient and transparent DEX landscape. And with our ambition to integrate all tokens, all chains, and all types of assets, Mangata will revolutionize the way traders conduct transactions across multiple chains.
Join the Mangata pioneers today and be one of the first to experience the benefits of a hyper-efficient and accessible DEX that’s needed to facilitate global decentralized trading. With Mangata, the future of trading is here.