How to Use veMAV?

At launch of Maverick v2, Maverick Protocol will offer one-stop liquidity solutions for token projects, liquidity providers, and blockchain ecosystems to bootstrap efficient markets with optimized liquidity and reduced budget spending. Central to this new Liquidity Operating System is veMAV, or voting-escrow MAV, which is designed to truly align opportunities for incentives and growth between Liquidity Providers, stakeholders, and ecosystem builders.

What is veMAV? What value does it unlock? How can you utilize your veMAV to the max? This blog will delve into five ways to use veMAV.

What is veMAV?

Vote-escrowed MAV (veMAV) is a non-transferable governance token issued to users who stake MAV tokens into the Maverick voting-escrow contract. veMAV balances dictate voting power in both governance proposals and incentive direction on Maverick Protocol.

A user’s veMAV balance is determined using the amount of MAV they have staked and the duration of the stake: staking more MAV for a longer duration will yield a larger veMAV balance. This keeps voting power in the hands of users with the greatest commitment to the protocol’s long-term success.

📍Stake your MAV and get veMAV today: https://app.mav.xyz/stake

🔓You may also stake MAV via liquid lockers to enjoy more flexibility: view more on Spiral DAO, Stake DAO, Unlock!

Emissions Directing

After the launch of Maverick V2, veMAV holders will be able to use their veMAV voting power to direct vote-matched emissions to Boosted Positions as part of the Maverick veFlywheel.

Vote-matched emissions provide a boost to the rewards received by LPs in a Boosted Position. There are three sources of rewards for Boosted Positions in Maverick V2:

• External MAV incentives sent to a Boosted Position
• Direct match MAV emissions for these incentives, automatically applied by Maverick’s smart contracts
• Vote-matched MAV emissions added to the direct match, based on voting by veMAV holders

LPs who hold veMAV will be able to vote to increase their rewards for LPing in incentivized Boosted Positions. veMAV holders who do not LP can delegate their veMAV voting power to other addresses.

Bribe Market

Before the first ve-voting period starts, veMAV holders will be able to delegate their veMAV to a bribe market and have your voting optimized across all incentive platforms. In return, veMAV holders can receive extra earnings via bribes sent to that bribe market.

LP Boosts

In addition to the boost from vote-matched emissions, LPs in Boosted Positions who have a veMAV balance will be eligible for a boost to any rewards they earn from the veFlywheel (as high as 4x). This boost scales with veMAV balance, so the more veMAV the LP holds, the more of a boost they will receive.

LPs can also choose to stake any MAV emissions they receive from a Boosted Position to receive an additional boost to their rewards. This boost stacks with the boost from holding veMAV, offering a virtuous cycle where LPs can stake MAV to get even more veMAV to earn even greater rewards.

Incentive Batches

Since not every LP will have a veMAV balance or choose to stake their MAV rewards, it is likely there will be some residual MAV emissions in every epoch. These leftover emissions will be available as a batch every quarter, at which point they can be claimed pro rata by all veMAV holders. This means that veMAV holders can expect an extra token reward every quarter they hold a veMAV balance.

This same incentive batch system can be used by anyone to send token rewards to veMAV holders, creating the potential for other incentive initiatives in the future.

Governance

MAV is first and foremost a governance token. As Maverick continues on its path to progressive decentralization, there will be more opportunities for veMAV holders to vote on decisions that guide the protocol and its ecosystem.

📑Read more about Maverick’s voting escrow design on the docs: https://docs.mav.xyz/mav-token/vemav-and-mav-staking

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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