Mangrove Launches New Flexible Limit Order Feature for Traders
The decentralized finance (DeFi) platform Mangrove has recently launched a new feature for its users enabling them to propose selling digital assets at a given price along with depositing those assets as collateral on a lending platform and generating passive yield.
The unique feature of this trading system is its flexibility, making it all the more appealing to traders. According to Mangrove’s CEO, Sydney Danos, this allows users to sell their assets while still maintaining a savings account and having the ability to sell them at a certain exit price.
In an industry where newer reliable trading features are constantly emerging, Mangrove’s new limit order feature is another addition that has already received significant recognition among many cryptocurrency traders.
As reported by Blockchain.News, DeFi’s domain is continuously growing, and this feature marks another step towards making transactions and trades for cryptocurrency more accessible and accommodating for users.
The Mangrove platform has become increasingly popular in the DeFi market, and with its new flexible limit order system, cryptocurrency traders can expect more opportunities and benefits while trading.