MangroveDAO - Meet the Product & Research team
Meet the Product & Research Minds Behind Mangrove🌳: Uniting Diverse Expertise to Revolutionize DeFi
Curious about the people who are working on Mangrove, the first programmable DEX? You've come to the right place! 😄 In this series, we're taking you behind the scenes to introduce you to the dedicated members of Mangrove's Product & Research Team.
Today, let's get to know Hamza, Jamil, Gabi, and Vincent – the driving force behind Mangrove's Research & Product development. 🚀
Join us on this exclusive journey to learn more about their unique backgrounds, thoughts on DeFi, and their vision for Mangrove's future. Get ready to be inspired! ✨
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Meet the Team: A Blend of Skills and Expertise 💡
Vincent, our co-founder and researcher, describes the Mangrove team as having "diverse backgrounds and experiences, which we consider to be our greatest strength." Let's explore the strengths each member brings to the table, highlighting the unique skills that contribute to the team's success:
Vincent Danos himself has an outstanding academic record with strong mathematical and global expertise, having published 175+ papers in fields ranging from computational biology to decentralized finance.
Hamza El Khalloufi, our researcher, has a strong experience in traditional finance.
Jamil Bouhdada, our DeFi Scientist, boasts expertise in Data Science and is an active participant in the DeFi space, always on the lookout for innovative projects.
Gabija Tuinaite, our Head of Product, possesses a solid background in mathematics and finance. With prior experience as a quantitative analyst, she also served as a product owner at a rapidly expanding Lithuanian start-up.
The diversity of the Mangrove team empowers us to develop cutting-edge solutions, such as the "offer-is-code" approach in the Mangrove protocol. This innovative method allows liquidity providers to implement defensive strategies, post dynamic offers, and automatically replenish liquidity. By addressing DeFi challenges related to information, fragmentation, and asset utilization, we strive to create a more efficient and effective ecosystem for all participants.
The Power of Community 🌐
"Community involvement is crucial for the development of Mangrove," says Jamil. "By enabling DeFi builders to build on top of Mangrove, we can create a more diverse DeFi ecosystem that can better serve users' needs." Mangrove's flexible smart contract platform paves the way for new liquidity pools and automated trading strategies, ultimately benefiting the entire DeFi landscape.
Redefining Trading 📈
What sets Mangrove apart from other DeFi projects is that it represents a whole new primitive in the space. "By letting the user define his own logic through smart contracts, Mangrove is opening a new design space for DeFi products," explains Vincent. "This flexibility and customization are unique in the DeFi landscape and hence, I believe Mangrove has the potential to be highly impactful.”
Exploring New Horizons 🚀
"Our primary focus is on our fully on-chain market-making strategy called Kandel, which instantly reposts offers," Hamza shares. Kandel optimizes trade execution and generates profits from the spread by leveraging real-time order flow, user-defined price ranges, and a geometric progression-based price grid.
In addition to Kandel, the team actively explores subjects like options and liquidity unlocking. "Our team is dedicated to driving innovation in the DeFi space, and we hope that our ongoing research will contribute to the advancement of the industry," Hamza emphasizes.
Addressing the Challenges 🛠️
Mangrove aims to address two major issues in DeFi liquidity provision, as explained by Gabi: "The first problem is the locked liquidity problem, which cause liquidity fragmentation across different protocols. The second problem is the reactive liquidity problem, which is overcome through the offer-is-code approach." By using this approach, Mangrove can discretize many continuous AMMs, enabling greater flexibility and control over liquidity provision.
Looking Ahead 🧭
Gabi shares some exciting updates for Mangrove users: "We are planning to release the Mangrove DEX and the first product on Polygon in the first half of 2023." More products and partners integrations are also planned for 2023, aimed at driving wider adoption of the Mangrove ecosystem.
Fueling Growth ⛽
Mangrove plans to use the recent $7.4 million in funding to develop products and features that help build their envisioned ecosystem. As Vincent mentioned, "our vision for Mangrove is to become an infrastructure where the total potential of liquidity will be unlocked." By giving developers the tools they need and building a platform that makes it simple for users to access liquidity, Mangrove aims to open up a whole new world of DeFi opportunities.
Overcoming Obstacles 🚧
Developing Mangrove hasn't been without its challenges. As Gabi shared, "since Mangrove is exploring a completely new design space, defining the go-to-market strategy was not an easy task." The team ultimately decided to start with a fully on-chain market-making strategy to demonstrate Mangrove's potential.
Now that you've had the opportunity to meet the remarkable team behind Mangrove, you can truly appreciate the passion and talent fueling this pioneering DeFi project. Hamza, Jamil, Gabi, and Vincent, with their diverse backgrounds and expertise, form the perfect combination of innovation that sets Mangrove apart.
As Mangrove continues to evolve, the team remains dedicated to creating a more open, accessible, and inclusive financial ecosystem that benefits everyone. With an array of exciting products and features on the horizon, the future looks brighter than ever for Mangrove and its users.
We hope you enjoyed reading about Mangrove. 🤓
If you want to stay ahead of the curve, don’t forget to join our Discord and follow us on Twitter. For those wanting to go further, our whitepaper and developer documentation are the perfect dive into the nitty-gritty details.
Happy exploring Mangrovians 🐒🌳
Written by Bryce, Head of Marketing and Communications at Mangrove
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