Binance, the world's largest cryptocurrency exchange, announced that it will list the Maverick Protocol (MAV), a composable decentralized finance (DeFi) infrastructure that enables developers and liquidity providers to achieve high capital efficiency and implement their desired liquidity delivery (LP) strategy.
MAV Will Be Listed On Binance Tomorrow
According to the official announcement, Binance will open trading for MAV/BTC, MAV/USDT and MAV/TUSD trading pairs on June 28, 2023 at 11:00 am. Users will enjoy zero maker fees on the MAV/TUSD trading pair until further notice.
Maverick Protocol is a new DeFi project that aims to solve the low capital efficiency and high permanent loss problems faced by traditional automated market makers (AMMs). It introduces the Dynamic Distribution AMM concept, which allows users to place liquidity in arbitrary distributions and locally automates the movement of users' liquidity to track changes in price.
The protocol also features Boosted Positions, which allows protocols to precisely draw liquidity by adding token rewards to custom dynamic distributions. Also, the protocol has a Voting Escrow system that facilitates voting on Boosted Positions and Maverick administration.
The project raised $17.46 million from three rounds of private token sales, of which 360 million of the 2 billion MAV total token supply were sold. In the most recent private token sale round, the price of MAV was 0.1 USD.
As of June 13, 2023, the total supply of MAVs stood at 2 billion, and after listing, the circulating supply will be 250 million (~12.5% of the total token supply).
*Not investment advice.
