Understanding Binance’s latest Launchpool project Maverick Protocol (MAV) in one article

On June 13, according to the official announcement, Binance is about to launch the 34th Launchpool project Maverick Protocol (MAV). Users can deposit BNB and TUSD on the Launchpad website after 08:00 on June 14, 2023 (Eastern Eighth District Time). Go to the MAV mining pool to get MAV rewards.

Maverick Protocol is a composable decentralized trading platform that enables liquidity providers to execute their desired liquidity providing (LP) strategies, improving capital efficiency. Users can trade and provide liquidity on Maverick AMM. There are 4 different types of liquidity modes: Mode Right, Mode Left, Mode Both and Mode Static, after choosing a mode, the AMM will automatically move its liquidity to follow the price according to a specific set of rules. Maverick Protocol allows LPs to open Boosted Positions and use incentive rewards to accurately attract liquidity, and other users can add liquidity in Boosted Positions to purchase shares. LP can obtain income from transaction fees and LP incentives.

Compared with other AMMs, Maverick is more aimed at the growing demand for mid-cap cryptocurrency derivatives in the DeFi market, "DeFi needs someone to respond to derivatives built on mid-cap and long-tail assets that are underserved by existing exchanges." demand,” commented Joey Krug, Co-CIO of Pantera Capital. “Pantera sees Maverick as the protocol to make it happen. Its innovative market structure is poised to capture a significant portion of the market by offering low-slippage for traders and low-maintenance, capital-efficient staking for LPs.

Since Maverick's liquidity positions are highly configurable, Boosted Position can guide and shape liquidity in a very precise manner, rather than just providing incentives across the entire liquidity pool. Projects and other users will be able to use Boosted Position to direct liquidity to exactly where it is needed, maximizing the efficiency of their incentives.

For example, a project wishing to maintain some sort of pegged value (e.g. for a stablecoin or liquid collateralized token) could create a Boosted Position consisting of a single position in a specific counted asset (e.g. ETH) priced slightly below the anchor value. Adding an incentive to this Boosted Position will entice users to add more ETH to this particular position, effectively creating a liquidity wall that helps protect the peg value from any selling pressure.

Token Economics

Token Economics

financing

financing

Not long ago, Maverick Protocol completed a strategic financing of US$8 million. This round of financing was led by Pantera Capital, with Circle Ventures, Altonomy, Coral Ventures, CMT Digital, GoldenTree Asset Management, Gemini Frontier Fund, Spartan Group, LedgerPrime, Jump Crypto, Taureon and Tron Foundation participated in the vote.