Maverick Protocol (MAV)
Features of Maverick AMM
Maverick AMM stands out in the DeFi ecosystem due to its array of innovative features that simplify and enhance user experience and liquidity management. These features include:
Customized liquidity distributions: Users can customize how their liquidity is distributed across different price ranges, allowing for more strategic liquidity provision.
| Ticker | MAV |
| Category | BNB Chain Ecosystem |
| Website | https://www.mav.xyz/ |
| @mavprotocol | |
| Telegram | maverickprotocolofficial |
| Contract Addresses | |
|---|---|
| ethereum | 0x74...db |
| base | 0x64...7a |
| zksync | 0x78...80 |
| binance-smart-chain | 0xd6...30 |
Fee auto-compounding: This feature automatically reinvests earned fees back into the liquidity pools, optimizing returns for liquidity providers.
Liquidity shaping using boosted positions: Users can utilize boosted positions to shape liquidity in a manner that aligns with their market expectations, providing a higher degree of control over their investment strategies.
Native LST support with price following function and protocol support: The platform supports Liquid Staking Tokens (LSTs) natively, offering a price-following function and extensive protocol support to ensure seamless integration and tracking of staked assets.
History of Maverick Protocol
Maverick Protocol has experienced significant growth and development since its inception, underscored by successful funding rounds and strategic launches. Key milestones in the project's history include:
Funding rounds: Maverick raised a total of $18 million through three funding rounds, attracting investments from notable entities such as Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, and Gemini.
Launch milestones: The Maverick AMM was launched on the Ethereum Mainnet in March 2023, followed by deployments on zkSync Era in April 2023 and BNB Chain in June 2023.
Performance achievements: Maverick has supported over $2.5 billion in trading volume and has been ranked among the top five decentralized exchanges (DEXs) by volume across all chains according to DefiLlama. Notably, it surpassed Uniswap and Curve to become the leading platform for wstETH (Liquid Staking Token) trading volume.
Future developments for Maverick Protocol
Maverick Protocol has outlined an ambitious roadmap to further expand its capabilities and reach within the DeFi space. Upcoming developments include:
Q3 2023: The launch of Voting Escrow and Governance contracts is planned, which will enhance the governance framework of the Maverick ecosystem.
Q4 2023 (subject to DAO votes): The introduction of Boosted Pool Voting and the expansion of the AMM to additional blockchain networks are anticipated.
H1 2024 (subject to DAO votes): Maverick aims to implement MAV LayerZero support across more blockchain networks, further increasing interoperability and accessibility.
Utility of the MAV token
The MAV token serves as the native utility token within the Maverick ecosystem, primarily designed to facilitate governance. Key aspects of its utility include:
Governance participation: Maverick governance is conducted through a Voting Escrow (ve) contract, where users can stake MAV tokens to receive veMAV. This system is structured to empower users committed to the ecosystem, providing them with increased voting power based on the duration of their token staking.
Protection against mercenary governance: The governance model is designed to mitigate the risks of mercenary governance by incentivizing long-term commitment to the ecosystem. Users who stake their MAV tokens for longer periods receive greater veMAV and, consequently, more influence in governance decisions.
For further information about Maverick Protocol and its offerings, please visit their official website at https://www.mav.xyz/.