Binance is excited to announce the 34th project on Binance Launchpool - Maverick Protocol (MAV), a composable DEX that enables liquidity providers to achieve high capital efficiency with their desired Liquidity Providing (LP) strategy. The webpage is estimated to be available in 4 hours, before the Launchpool starts.
Users will be able to stake their BNB and TUSD into separate pools to farm MAV tokens over 25 days, with farming starting from 2023-06-14 00:00 (UTC).
Binance will then list MAV when its liquidity meets the requirement and open trading with MAV/BTC, MAV/USDT and MAV/TUSD trading pairs. Exact date and timing will be announced once available.
Users will enjoy zero maker fees on the MAV/TUSD trading pair until further notice.
Maverick Launchpool Details:
Token Name: Maverick Protocol (MAV)
Total Token Supply: 2,000,000,000 MAV
Launchpool Token Rewards: 30,000,000 (1.5% of total token supply)
Initial Circulating Supply: 250,000,000 (12.5% of the total token supply)
Smart Contract Address: Maverick Token (MAV)
Staking Terms: No upper limit. KYC required
Stake BNB (webpage will be available in around 4 hours): 24,000,000 MAV in rewards (80%)
Stake TUSD (webpage will be available in around 4 hours): 6,000,000 MAV in rewards (20%)
Farming Period: 2023-06-14 00:00 (UTC) to 2023-07-08 23:59 (UTC).
MAV Farming Distribution
Read about Maverick Protocol (MAV) in our research report here.
Snapshots of user balances and total pool balances will be taken multiple times at any point of time each hour to get users’ hourly average balances and calculate user rewards. User rewards will be updated each hour.
Users will be able to accumulate their rewards (calculated each hour) and claim these rewards directly to their spot accounts at any time.
Each pool’s annual percentage yield (APY) and total pool balance will be updated in real time.
Tokens can only be staked in one pool at a time. For example, User A cannot stake the same BNB into two different pools at the same time, but can allocate 50% of their BNB into pool A and 50% into pool B.
Users will be able to unstake their funds at any time with no delay and participate in any other available pools immediately.
Tokens staked in each pool and any unclaimed rewards will be automatically transferred to each user’s spot accounts at the end of each farming period.
Binance BNB Vault will support the MAV Launchpool. Users who have staked their BNB in BNB Vault will automatically participate in the MAV Launchpool, and receive MAV rewards daily in their Spot Wallets.
BNB staked into Launchpool will still provide users with the standard benefits for holding BNB, such as airdrops, Launchpad eligibility and VIP benefits.
Participation in Launchpool is subject to eligibility based on the user's country or region of residence.
Please note that the list of excluded countries provided below is not exhaustive and may be subject to changes due to evolving local rules, regulations, or other considerations.Users need to complete their account verification and also be from an eligible jurisdiction to participate in farming MAV.
Currently, users residing in the following countries or regions will not be able to participate in farming MAV: Belarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S. Virgin Islands), Zimbabwe.
This list may be updated periodically to accommodate changes in legal, regulatory, or other factors.
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Note: This announcement was updated on 2023-06-13 to clarify that snapshots of user balances will be taken multiple times at any point of time each hour to calculate rewards.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.