Maverick v2, DeFi’s Liquidity Operating System
With its launch in 2023, Maverick Protocol offered an initial suite of tools to Liquidity Providers, Token Projects, Developers, and Blockchain ecosystems to shape liquidity more efficiently and with a new degree of flexibility. Maverick has since proved its concept by supporting the highest capital efficiency on multiple tokens (including LSTs, LRTs, and stablecoins) across several blockchains (Ethereum mainnet, zkSync Era, Base, and BNB Smartchain).
However, Maverick has not yet unlocked the full potential of its technology. In the blossoming age of Layer 2 solutions, achieving market efficiency has become increasingly expensive and challenging due to the fragmentation of both liquidity and the tools used to manage it. With v2, Maverick is launching DeFi’s first Liquidity Operating System, designed to meet all of a user’s cross-chain liquidity needs in one place.
Maverick v2: DeFi’s Liquidity Operating System
Maverick v2 is more than a DEX. Powered by the most flexible and gas-efficient concentrated liquidity AMM in the market, Maverick v2 offers four key innovations at launch:
Maverick v2 AMM
Maverick v2 AMM retains the original design of v1 AMM, providing automated liquidity movement and customizable liquidity distributions. The v2 AMM has undergone significant code optimization in order to reduce the gas cost for each swap, resulting in the most gas-efficient concentrated liquidity AMM in the market.
Lower swap gas cost = more order flow for LPs = higher capital efficiency.
Maverick v2 AMM is also the first concentrated liquidity AMM with the native capacity for directional fees. Liquidity pools can be created with a different fee depending on the direction of the swap, i.e., making it more expensive to swap from tokenA to tokenB than it is to swap from tokenB to tokenA. This new feature allows more flexibility in configuring pools to meet the needs of each token pair.
Programmable Pools
Maverick v2 allows protocols and pool creators to wrap pools in router contracts that implement specialized logic. This makes it easy for users to create KYC pools, directional fee pools with dynamic swap fees, or custom liquidity rebalancing mechanisms. This also opens the possibility to integrate AI models with Maverick pools, positioning Maverick to become the first AI-DEX.
Initial Programmable Pools Use Cases:
- AI Pools: Integrate AI model logic into your pool’s trade-flow processing, bringing unlimited flexibility and innovation to liquidity management.
- Single-Sided LPing: Establish pools that accept swaps in only one direction, enabling strategic liquidity options.
- Dynamic Fees: Accessor contracts can dynamically alter pool fees based on inputs like volume, price, or external oracles.
- KYC Pools: Create pools with a whitelisted set of users, ensuring compliance and tailored access control.
📑 Read more about Programmable Pools here:
❓Got ideas to build the first Programmable Pools?
Connect to the Maverick Community HERE.
veFlywheel
Maverick v2 introduces novel incentivization mechanisms for token builders and communities to bootstrap liquidity with a powerful match and sustainable tokenomics.
With Maverick’s veFlywheel, MAV emissions are distributed via two matching mechanisms: Direct Match and Vote-Match. Direct Match emits up to a 100% match of external incentives that are sent to a Boosted Position within a given epoch, while Vote-Match emits a further boost based on veMAV votes received by the Boosted Position in that epoch.
📑 Read more about Maverick’s voting-escrow design:
Any-Token veFactory
The final piece of Maverick v2 is the Any-Token veFactory: a turnkey mechanism allowing any protocol to create veTokens that vote for incentive emissions. This makes protocol incentives more sticky and opens channels for additional rewards.
Maverick’s ve Factory democratizes the ve flywheel, giving everyone the opportunity to explore the value of ve for their project and community.
Starting your own veFlywheel using Maverick brings several benefits:
- Maverick veFlywheels inherit ERC20Votes and thereby enable turn-key governance for protocols
- A veFlywheel unlocks new utility for your token as the basis of ve-voting for emissions
- Maverick’s veFlywheels allow protocols to incentivize liquidity in a way that rewards the protocol’s ve holders with additional boosts, thereby aligning incentives and fostering a more robust and engaged community
- Maverick’s veFlywheel design encourages sticky liquidity by rewarding LPs for staking emissions
- Maverick ve balances do not decay and can be easily fetched for any user by timestamp, making it straightforward to build a points system on top of ve
In other words, any token can leverage Maverick’s tools to create elegant tokenomics with minimal developer work, utilizing directional fees, Programmable Pools, and either the veFlywheel or veFactory to craft a robust launchpad strategy.
What Can I Do to Get Ready for Maverick v2?
Developers:
- Read Maverick v2 White Paper: https://bit.ly/MAV-V2-WP
- Find Maverick v2 Contracts on the docs: https://docs.mav.xyz/v2-technical-reference/v2-contracts
- Build Programmable Pools on Maverick. Find the community here: https://discord.gg/mavprotocol
Token Projects:
- Bootstrap efficient and sustainable liquidity on Maverick. Join us as a launching builder here.
Liquidity Providers:
- V1 LPs, get ready to migrate your liquidity to v2 at launch.
- New to Maverick? Get ready for various LP opportunities with LRTs, LSTs, stablecoins, yield tokens, and more perks!
veMAV Holders:
- Stake your MAV today to receive veMA: https://app.mav.xyz/stake
- Get ready for the governance airdrop and vote for your favorite Boosted Position at launch.
About Maverick
Maverick Protocol is DeFi’s Liquidity Operating System, offering one-stop liquidity solutions for token projects, liquidity providers, and blockchain ecosystems to bootstrap efficient markets with optimized liquidity and reduced budget spending.
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