In the previous integration of Mango funds there were some limitations with a max of 3 perpetual futures positions and the only collateral available was USDC.
These limitations are no longer! Now with the new Mango Based Funds on Investin a manager can do all things that a normal Mango account can do while also taking on investors. Furthermore, managers for Mango Based Funds can use the Mango interface they are surely familiar with.
When creating a Mango based fund be sure to choose at the beginning.
Quick Start
- Go to the “My Fund” tab on Investin and click “Start Fund.” Be sure to choose “Mango Market Maker” option.
- Click on the “Invest” button to add some beginning funds.
- Go to the subtab “Market Making” and click on “View on Mango.” From there you can trade as if it were a Mango account!
These funds are made for primarily for Market Makers on Mango as they needed all collateral options and access to all perpetual futures markets. However, you can use them to trade in anyway you’d like!
Withdrawals
Withdrawals work differently for these funds but still are noncustodial! Due to the complexity of the market making business there are now 2 types of withdrawals. First, a soft withdrawal which will send a notification to the Manager to free up the USDC needed to process your withdrawal. The Manager can settle this manually on their side.
However, on Friday at 1:00 UTC there will always be hard withdrawal exercised where withdrawals are forced through.
This allows for positions to be closed efficiently by the Manager while also assuring Investors they will receive their funds within the week.
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