Maverick Protocol (MAV)
Maverick Protocol provides decentralized finance (DeFi) infrastructure focused on improving liquidity for traders, liquidity providers, decentralized autonomous organization (DAO) treasuries, and developers. It utilizes a Dynamic Distribution Automated Market Maker (AMM) to optimize capital efficiency and automate liquidity concentration.
Overview
Maverick Protocol launched its Dynamic Distribution AMM on March 8, 2023, to enhance liquidity management in smart contracts. By automating liquidity strategies that previously required manual intervention, it facilitates more liquid markets and better pricing for traders. Liquidity providers (LPs) can make directional bets on specific tokens, streamlining their exposure within a pool without manual adjustments, thus reducing gas fees. The Maverick dApp, available on Ethereum and zkSync Era, offers a user-friendly Swap interface and Pools interface for trading and providing liquidity.
| Ticker | MAV |
| Category | BNB Chain Ecosystem |
| Website | https://www.mav.xyz/ |
| @mavprotocol | |
| Telegram | maverickprotocolofficial |
| Contract Addresses | |
|---|---|
| ethereum | 0x74...bd Copied! |
| base | 0x64...a7Copied! |
| zksync | 0x78...08Copied! |
| binance-smart-chain | 0xd6...03Copied! |
Maverick AMM features
Automated concentration liquidity
Maverick AMM automates liquidity concentration in response to price changes, maximizing capital efficiency for liquidity providers. This process removes the need for manual adjustments and reduces gas fees, leading to more liquid markets and improved trader prices. Liquidity providers can choose from various liquidity shifting modes that monitor and adjust liquidity based on price movements.
Directional LPing
Liquidity providers have the option to track the price of a specific token in a single direction, allowing them to make directional bets on asset prices. This feature helps capture more fees and avoid impermanent loss, aligning liquidity positions with market predictions and optimizing the risk-reward profile.
Customizable liquidity positions
Maverick allows LPs to configure their own liquidity distribution along a pool's price range. This flexibility enables providers to implement risk-optimized strategies, tailoring their positions to current market conditions for maximum fee rewards and effective impermanent loss management.
MAV Token
MAV is the native utility token within the Maverick ecosystem, used primarily for staking, voting, and boosting. It is an ERC-20 token that uses LayerZero's Omnichain Fungible Token (OFT) extension for seamless bridging across different chains. MAV is currently operational on Ethereum mainnet, zkSync Era, and Binance Smart Chain.
Tokenomics
The total supply of MAV tokens is capped at 2,000,000,000. Out of this, 250,000,000 tokens are in circulation, representing about 12.5% of the total supply.
Token allocation
MAV tokens are distributed as follows:
- Binance Launchpool: 1.50%
- Investors: 18.00%
- Public Goods Fund: 16.50%
- Liquidity Mining and Airdrops: 30.85%
- Foundation/Treasury: 10.00%
- Team: 19.00%
- Advisors: 4.15%
The remaining allocations for the Public Goods Fund, Liquidity Mining and Airdrops, and Foundation/Treasury categories will vest gradually beyond July 2030.
Staking
The Maverick ecosystem allows users to stake MAV tokens to earn vote-escrowed MAV (veMAV). This governance token is non-transferable and is acquired by staking MAV in the voting-escrow contract. The veMAV balance determines voting power in governance proposals and influences incentive direction on Maverick Protocol. The balance is based on the amount of MAV staked and the staking duration, promoting long-term commitment. During the staking period, MAV tokens cannot be redeemed, and veMAV is burned upon claiming MAV tokens. Users can extend their staking duration anytime.
Voting power calculation
Voting power in the protocol is correlated with the veMAV balance, determined by the staked MAV amount and the staking period's duration. A multiplier applied to staked MAV tokens increases with the length of the staking period, with a maximum duration of 4 years. The staking multiplier grows exponentially, following a 1.5x growth pattern for each additional year.
Airdrop
The Maverick Ecosystem Incentives Pre-Season Airdrop rewards users and community members who contributed to Maverick's growth during early phases. It includes participants from Ethereum mainnet and zkSync Era, based on a snapshot taken on June 22, 10:00 UTC. The airdrop is divided across chains and allocated based on specific behaviors and personas.
Allocation
The airdrop allocation includes:
- Liquidity Providers: 60.7% (18,210,000 MAV)
- Maverick Warriors: 1.3% (390,000 MAV)
- Voters: 3% (900,000 MAV)
- Traders: 15% (4,500,000 MAV)
- MAVA Holders: 20% (6,000,000 MAV)
Criteria
Each category has specific reward criteria, such as liquidity provision value and duration for liquidity providers, credits for Maverick Warriors, early governance participation for voters, trading volume for traders, and MAVA NFT ownership for MAVA holders.
Maverick Warriors Program
On November 24, 2022, Maverick Protocol launched the Maverick Warrior Program, a community-driven incentive initiative to acknowledge and reward leaders and contributors known as Maverick Warriors. This program encourages collaboration and community contributions to support Maverick's growth and education.
Program structure
The program consists of the Maverick Warrior Credit (MWC) system and a structured workflow. The MWC system is a reputation-based framework with roles like Community Members, Voters, Contributors, Key Contributors, and the Maverick Committee, each with specific qualifications and powers. The workflow involves reviewing, commenting, and executing proposals on the Maverick Discord platform, ensuring transparency and accountability.
Funding
On June 21, 2023, Maverick Protocol announced the completion of a $9 million strategic funding round led by Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto. The funds will support the development of efficient Liquid Staking Token infrastructure, address cross-chain liquidity inefficiencies, expand to new chains, and attract more projects to its ecosystem.