ChainCatcher news, the decentralized exchange Mangrove has launched its testnet on Polygon and plans to go live on the mainnet in June. The Mangrove testnet has introduced a programmable order book feature, allowing traders to set specific price offers without locking funds in the contract, but if the execution price is reached without sufficient funds, traders will face a certain penalty.According to data from the crypto data platform RootData, Mangrove announced the completion of a $7.4 million Series A funding round in February this year, led jointly by Cumberland and Greenfield Capital. (Source link)

ChainCatcher news, the decentralized exchange Mangrove has completed a $7.4 million Series A funding round, led by Cumberland and Greenfield Capital, with participation from CMT and Gumi Crypto Capital.It is reported that Mangrove aims to establish its order book-based decentralized exchange by providing liquidity through its "quote-as-code" approach. Mangrove will first launch on Polygon and then expand to multiple Ethereum Virtual Machine (EVM) compatible chains. Mangrove completed a $2.7 million seed funding round in 2021, with participation from Wintermute Ventures and QCP. (The Block)