Maverick Protocol Utility Token: MAV
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, live on Ethereum and zkSync Era.
After two years spent heads-down building, Maverick launched its revolutionary Dynamic Distribution AMM on Ethereum on March 8th. Shortly after this launch, Maverick was already ranked as a top-3 DEX on Ethereum by trading volume. A month later, Maverick brought its high capital efficiency engine to zkSync Era, and was soon ranked as the number 1 DEX on that chain by trading volume on DeFiLlama. Maverick’s Phase 1 launch introduced the world to a new level of capital efficiency and quickly established Maverick as a dominant force in Liquid Staking Token market-making.
Maverick’s journey to evolve efficiency in DeFi hasn’t slowed down since. In May, Maverick launched its Phase 2, offering token projects a new set of tools–Boosted Positions–with which to incentivize liquidity in individual liquidity positions, instead of across a whole pool. Maverick’s Boosted Positions unlocked a new degree of efficiency in liquidity incentivization. It soon attracted leading DeFi token projects like Lido, Frax, Rocket Pool, Liquity, Swell, and many more to launch rewards on Maverick Boosted Positions.
One month later, today, we are celebrating another milestone that will further expand Maverick’s set of tools for enhancing industry-wide efficiency: the launch of a native utility token that will usher in a new era of development and continued sustainability, with Maverick’s community at the helm.
What is MAV?
MAV is the native utility token of the Maverick ecosystem. It is designed primarily to be used for staking, voting, and boosting.
Maverick has launched a Voting Escrow (ve) contract, where users can stake MAV to receive veMAV. This is the Origin ve contract that has been audited by Open Zeppelin.
A user’s veMAV balance determines their voting power within the protocol. veMAV’s governance is designed to put more voting power in the hands of users who are committed to the ecosystem and provides protection against mercenary governance. The longer a user chooses to stake their MAV for, the more veMAV they will receive in return and the more voting power they will have.
Path to Decentralization
The Maverick community has demonstrated strong self-governance in recent months, such as the Maverick Warrior Program which received over 20,000 votes from voters across six different proposals.
At token launch, community members will be able to stake their MAV token to earn veMAV and can use that to vote on governance proposals.
MAV Tokenomics
Tokenomics are coming soon. Stay tuned!
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Read more about What is Maverick:
About Maverick
Maverick Protocol is a new infrastructure for decentralized finance, built to bring higher capital efficiency and greater capital control to traders, liquidity providers, DAO treasuries, and developers, powered by a revolutionary Automated Market Maker (AMM). Learn more at www.mav.xyz or follow us on Twitter @MavProtocol to keep up with the latest news.
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