Maverick Protocol is an AMM DEX using Directional LPing solution. This is also the 34th Binance Launchpool project. Join Bigcoin to find out what's special about the Maverick Protocol project through the article below.

1. Ideas

1.1. What is Maverick Protocol?

Maverick Protocol is an AMM DEX using Directional LPing solution. Mevarick Protocol is known as the first Dynamic Distribution, giving liquidity providers more flexibility in choosing where to place liquidity so users do not have to monitor liquidity positions and do not incur many fees. When prices fluctuate up or down, there is liquidity to trade.

1.2. Origin was born

Maverick is an EVM smart contract, initially launched on Ethereum, currently the project is available on zkSync ERA and in the future will develop more L1 and L2.

2. Products

2.1. main fuction

Maverick Protocol's main functions are:

  • Swap: Users can trade tokens with each other at the best prices.

  • Pools: Liquidity provisioning users can deposit assets with different modes, fees, and widths to earn profits from trading fees

  • Portfolio: User asset management interface, on which you can monitor wallet balance, rewards earned from providing liquidity.

  • Boosted Positions: Helps liquidity pools offer incentive campaigns that attract users.

  • Engage: Projects can incentivize liquidity in Maverick with high precision. By incentivizing Boosted positions on Maverick, a project can attract liquidity providers to focus on a specific pool — maximizing the effectiveness of their incentives.

2.2. Product highlights

Maverick Protocol provides LPs with “four flexible modes” to add liquidity.

  • Right mode – liquidity moves with price when price increases, but not when price decreases.

  • Left mode – liquidity moves with price when price falls, but does not move when price rises.

  • Both mode – liquidity moves with price as prices rise and fall.

  • Static mode – liquidity does not move.

On Maverick AMM, there is a very cool feature that is Native LST support.

  • Native LST Support: Maverick AMM is the only AMM built to natively support Liquid Staking Tokens (LSTs). AMMs with static scopes and stableswaps are not designed to handle yield-accumulating assets like LSTs.

  • Price Following: With its dynamic travel modes, Maverick AMM is the ideal solution for maintaining liquidity within the yield distance of LSTs. This helps ensure liquidity stays near price throughout the LST yield cycle.

  • Protocol Support: LSTs protocols – both large and small – are competing for market share. Maverick is the most efficient platform for that competition to happen: LPs can efficiently provide liquidity, and protocols can effectively incentivize the distribution of the liquidity they desire.

2.3. How do users who join Maverick profit?

Trader: Those who trade on Maverick will benefit from good prices, by automatically transferring liquidity according to trading activity, Maverick ensures there is always a large liquidity support base. This results in better pricing and lower slippage for traders.

Liquidity Providers: Maverick automates the pooling of liquidity natively. This means the liquidity provider can configure an active liquidity strategy without you having to manage it yourself, saving you time and gas fees.

Protocol (Protocols, projects): New protocols need on-chain liquidity to develop. Maverick allows protocols to use precise incentives to shape global liquidity distribution to meet the protocols' goals.

3. Maverick's development team

Maverick's development team includes members and advisors who have previously worked at MetaMask, BitTorrent, Abra, TrueFi, Paxful and LedgerPrime such as: Bob Baxley is the main developer of Maverick

  • Doctor Steel: Project manager

  • Freddy: Community manager

4. Partners and investors

Maverick Protocol has raised $8M in Strategic round from investment funds: Altonomy, Circle Ventures, CMT Digital, Coral DeFi, Gemini Frontier Fund, GoldenTree Asset Management, Jump Crypto, LedgerPrime, Spartan Group, Taureon, and Tron Foundation.

Maverick also called 1M from the seed round. Maverick is supported by current famous names such as Pantera fund, Jump, Altonomy, Circle, Gemini, Spartan,...

5. Tokenomics

5.1. General information

Token name: Maverick Protocol

Ticket: MAV

TOKEN CONTRACT: 0x7448c7456a97769F6cD04F1E83A4a23cCdC46aBD Blockchain: Ethereum

Total supply: 2,000,000,000

5.2. Token feature

MAV is the main utility token in Maverick Protocol, playing an important role in the protocol ecosystem. MAV holders can use the token to participate in protocol governance, by staking and receiving veMAV, for voting rights in governance decisions.

5.3. Token allocation

5.3. Token distribution schedule

5.4. Instructions for joining Binance Launchpool

Binance users can lock BNB and TUSD on **Binance Launchpool to farm MAV starting from 07:00 AM June 14, 2023 (UTC+7) and ending within 25 days, with tokens as Launchpool rewards is 30 million MAV.

Once sufficient liquidity has been achieved, Binance will list Maverick with the trading pairs MAV/BTC, MAV/USDT and MAV/TUSD

Specifications of the MAV Launchpool are as follows:

  • Launchpool Token reward: 30,000,000 MAV (1.5% of total Token supply)

  • Initial total circulating supply: 250,000,000 MAV (12.5% ​​of total Token supply)

  • Smart Contract: 0x7448c7456a97769F6cD04F1E83A4a23cCdC46aBD (ERC-20)

  • Terms: No maximum limit. KYC required

  • Supported Pools:

    • Stake BNB: 24,000,000 MAV (80% launchpool allocation)

    • Stake TUSD: 6,000,000 MAV (20% launchpool allocation)

  • Farming time: From 07:00 June 14, 2023 (VN time) to 06:59 July 9, 2023 (VN time).

6. Development roadmap

Quarter 3 2023

  • Developed on BNB chain

  • Launch escrow contracts and voting governance

Q4 2023 (depending on DAO vote)

  • Launch Boosted Pool Voting

  • Supports more chains

First half of 2024 (depending on DAO vote)

  • Supports more chains

  • Integrates MAV LayerZero and many other chains

7. Conclusion

Maverick uses a new solution for the AMM dex floor to help optimize capital for users. Although newly launched, Maverick has attracted a large number of users, the volume has reached 8.74B according to defilama. The special thing is that Maverick was launched on Biance right in the middle of the storm in the middle of the war between SEC and Binance. Is this a trump card to help people forget the recent scandals about Binance?