🏦Mango Treasury
Last updated
Last updated
During the MFC Public Registration event, the proceeds will be deposited directly into the Mango Treasury. The Mango Treasury will act as the market host for multiple spot markets on Clober DEX, including MANGO-USDC, WETH-USDC, and MATIC-USDC. The Mango Treasury will receive 80% of the trading fees generated from these markets, providing a source of revenue for the treasury. The Mango Treasury will also issue bonds, with the proceeds added to the treasury's USDC balance.
As a MANGO token staker, you can earn daily dividends from the Mango Treasury. Specifically, the treasury will pay out 0.1% of its USDC balance each day as dividends, which translates to roughly 30% of the USDC balance annually. If the market cap of staked MANGO tokens and the treasury's balance is equal, staking MANGO tokens could yield a 30% APR return.
Upon completion of the MANGO smart contracts, a bug bounty program will be implemented to verify their integrity and prevent potential security breaches. The costs associated with the bug bounty program will be covered by the MANGO treasury.
