100 lines
4.9 KiB
XML
100 lines
4.9 KiB
XML
import LinkLeft from './LinkLeft'
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const ContentSectionRisks = () => {
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return (
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<>
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{/* Section 3 */}
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<div className="bg-bkg-2 transform -skew-y-3">
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<div className="max-w-7xl mx-auto px-8 py-32 transform skew-y-3">
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<div className="max-w-4xl mx-auto -mb-48 md:-mb-0 lg:-mb-0 text-center pb-16">
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<h2 className="mb-4 text-3xl md:text-4xl lg:text-4xl text-white font-bold font-heading">
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Transparency builds trust.
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</h2>
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<p className="text-xl md:text-2xl lg:text-2xl text-white text-opacity-70">
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There are risks in participating in the token sale. It's
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important you understand them before deciding to commit your
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funds.
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</p>
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</div>
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<div className="grid grid-cols-1 md:grid-cols-7 lg:grid-cols-7 grid-rows-2 gap-6 mb-16 mx-auto">
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<div className="col-span-1 md:col-span-3 lg:col-span-3 p-5 mt-48 md:mt-0 lg:mt-0 bg-bkg-3 border border-bkg-4 rounded-xl h-550 md:h-auto lg:h-auto w-auto z-10 shadow-md bg-risk-two md:bg-risk-one lg:bg-risk-one bg-contain bg-right-bottom bg-no-repeat">
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<h3 className="text-white font-semibold text-xl tracking-wide my-2">
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Unaudited smart contracts
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</h3>
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<div>
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<p className="text-white text-opacity-70 text-base w-full md:w-1/2 lg:w-1/2">
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We take great care and forethought in the way we design our
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smart contracts. We make their source code publicly accessible
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in order to get peer reviewed by as many experts possible.
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<br />
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<br />
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Still we cannot guarantee that our products are free of
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exploits, when we launch.
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</p>
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</div>
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</div>
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<div className="col-span-1 md:col-span-4 lg:col-span-4 row-span-2 p-5 bg-bkg-3 border border-bkg-4 rounded-xl h-auto w-auto z-10 shadow-md bg-risk-four md:bg-risk-three lg:bg-risk-three bg-contain bg-right-bottom bg-no-repeat">
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<h3 className="text-white font-semibold text-xl tracking-wide my-2">
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New token sale mechanism
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</h3>
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<p className="text-white text-opacity-70 text-base w-full md:w-3/4 lg:w-3/4">
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The Mango token sale was designed with the goal of being as fair
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as possible to all participants. However, there is a mechanism
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by which one or more participants with large amounts of capital
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could discourage others from participating in the token sale.
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<br />
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<br />
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During the deposit phase, these participants could deposit very
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large amounts of USDC. This would drive up the average price of
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the token and potentially discourage others from participating
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in the sale.
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<br />
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<br />
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Then, during the last minute of the withdrawal phase, these
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large participants could withdraw much of their USDC, thus
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receiving a much lower average price, depending on how
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successful they were at discouraging others.
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<br />
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<br />
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Therefore, all participants should be aware of this potential
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behaviour during the sale and make their best decisions
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accordingly.
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</p>
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</div>
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<div className="col-span-1 md:col-span-3 lg:col-span-3 p-5 bg-bkg-3 border border-bkg-4 rounded-xl h-auto w-auto z-10 shadow-md">
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<h3 className="text-white font-semibold text-xl tracking-wide my-2">
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Inflationary Tokenomics
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</h3>
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<p className="text-white text-opacity-70 text-base">
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Mango will be running its own on-chain order books to allow
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perpetual swap trading. In order to attract sophisticed traders
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with the technical expertise to become market makers, the
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protocol will need to provide very generous liquidity mining
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rewards.
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<br />
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<br />
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We were inspired from bitcoins emission schedule in our design,
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but the mechanism is genuinely unproven in this context and
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potentially could be exploited. Even if it operates correctly,
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distributing MNGO from the DAO will be inflationary.
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<br />
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<br />
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<a
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rel="noreferrer"
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target="_blank"
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href="https://docs.mango.markets/mango-v3/liquidity-incentives"
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>
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<LinkLeft>Learn about it in the docs</LinkLeft>
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</a>
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</p>
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</div>
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</div>
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</div>
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</div>
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</>
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)
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}
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export default ContentSectionRisks
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