diff --git a/components/ContentSectionAbout.tsx b/components/ContentSectionAbout.tsx index 758db90..0158809 100644 --- a/components/ContentSectionAbout.tsx +++ b/components/ContentSectionAbout.tsx @@ -4,10 +4,9 @@ import GradientText from './GradientText' const ContentSectionAbout = () => { return ( <> - -
- The MNGO token in its inception will serve 3 primary purposes. -
-+ The MNGO token in its inception will serve 3 primary purposes. +
+- The Mango protocol relies on lenders to provide capital for - the others to use for trading and borrowing. The capital in - the Insurance Fund will be used to compensate lenders in the - unlikely event they incur losses. -
-- MNGO tokens represent a direct stake in the Mango DAO. The - future direction of the Mango Protocol will be decided by - voting on proposals using MNGO tokens as the voting - mechanism. -
-- Bootstrapping liquidity is important in a new trading - system. Incentivizing market makers to provide it on our - order books with MNGO tokens will benefit the protocol - and its participants. -
-+ The Mango protocol relies on lenders to provide capital + for the others to use for trading and borrowing. The + capital in the Insurance Fund will be used to compensate + lenders in the unlikely event they incur losses. +
++ MNGO tokens represent a direct stake in the Mango DAO. + The future direction of the Mango Protocol will be + decided by voting on proposals using MNGO tokens as the + voting mechanism. +
++ Bootstrapping liquidity is important in a new trading + system. Incentivizing market makers to provide it on our + order books with MNGO tokens will benefit the protocol + and its participants. +
+- Mango DAO -
-- 90% of MNGO tokens will be locked in a smart contract, - only accessible via DAO governance votes. -
-+ Mango DAO +
++ 90% of MNGO tokens will be locked in a smart contract, + only accessible via DAO governance votes. +
+Liquidity incentives @@ -221,33 +222,34 @@ const ContentSectionAbout = () => {
- Insurance Fund -
-- 5% of MNGO tokens will be used to capitalize the Insurance - Fund that will protect lenders in the Mango Protocol. -
-- Contributor tokens -
-- 5% will be distributed to the team and early contributors. - These tokens are unlocked. -
++ Insurance Fund +
++ 5% of MNGO tokens will be used to capitalize the + Insurance Fund that will protect lenders in the Mango + Protocol. +
++ Contributor tokens +
++ 5% will be distributed to the team and early + contributors. These tokens are unlocked. +
+- There are risks in participating in the token sale. It's - important you understand them before deciding to commit your - funds. -
-+ There are risks in participating in the token sale. It's + important you understand them before deciding to commit your + funds. +
+
- We take great care and forethought in the way we design our smart contracts. We make their source code publicly accessible in order to get peer reviewed by as many experts possible.
-
-
- Still we cannot guarantee that our products are free of exploits, when we launch.
-
- The Mango token sale was designed with the goal of being as fair as possible to all participants.
- However, there is a mechanism by which one or more participants with large amounts of capital could
- discourage others from participating in the token sale.
-
-
- During the deposit phase, these participants
- could deposit very large amounts of USDC. This would drive up the average price of the token and
- potentially discourage others from participating in the sale.
-
-
Then, during the last minute
- of the withdrawal phase, these large participants could withdraw much of their USDC, thus
- receiving a much lower average price, depending on how successful they were at discouraging others.
-
-
- Therefore, all participants should be aware of this potential behaviour during the sale and
- make their best decisions accordingly.
-
- Mango will be running its own on-chain order books to allow perpetual swap trading. In order to attract sophisticed traders with the technical expertise to become market makers, the protocol will need to provide very generous liquidity mining rewards.
-
-
- We were inspired from bitcoins emission schedule in our design, but the mechanism is genuinely unproven in this context and potentially could be exploited. Even if it operates correctly, distributing MNGO from the DAO will be inflationary.
-
-
- {/*
+
+ We take great care and forethought in the way we design our
+ smart contracts. We make their source code publicly accessible
+ in order to get peer reviewed by as many experts possible.
+
+
+ Still we cannot guarantee that our products are free of
+ exploits, when we launch.
+
+ The Mango token sale was designed with the goal of being as fair
+ as possible to all participants. However, there is a mechanism
+ by which one or more participants with large amounts of capital
+ could discourage others from participating in the token sale.
+
+
+ During the deposit phase, these participants could deposit very
+ large amounts of USDC. This would drive up the average price of
+ the token and potentially discourage others from participating
+ in the sale.
+
+
+ Then, during the last minute of the withdrawal phase, these
+ large participants could withdraw much of their USDC, thus
+ receiving a much lower average price, depending on how
+ successful they were at discouraging others.
+
+
+ Therefore, all participants should be aware of this potential
+ behaviour during the sale and make their best decisions
+ accordingly.
+
+ Mango will be running its own on-chain order books to allow
+ perpetual swap trading. In order to attract sophisticed traders
+ with the technical expertise to become market makers, the
+ protocol will need to provide very generous liquidity mining
+ rewards.
+
+
+ We were inspired from bitcoins emission schedule in our design,
+ but the mechanism is genuinely unproven in this context and
+ potentially could be exploited. Even if it operates correctly,
+ distributing MNGO from the DAO will be inflationary.
+
+
+ {/*
- Join us in building Mango, the protocol for permissionless leverage trading & lending. + Join us in building Mango, the protocol for permissionless + leverage trading & lending.
+ {/*
Start: {startIdo?.fromNow()} ({startIdo?.format()})
@@ -80,7 +80,7 @@ const StatsModal = () => {
Current USDC in Pool: {vaults.usdc?.balance || 'N/A'}
Locked MNGO in Pool: {vaults.mango?.balance || 'N/A'}
*/} -