Breakthrough in the Defi area: Maverick Protocol secures $ 9 million financing of industry sizes such as Pantera Capital, Binance and Coinbase and aims to build your own ecological network and create liquid staking token infrastructure
Breakthrough in the Defi area: Maverick Protocol secures $ 9 million financing of industry sizes such as Pantera Capital, Binance and Coinbase and aims to build your own ecological network and create liquid staking token infrastructure
The defi-facility startup Maverick Protocol recently received a financing of $ 9 million. The customers of the startup include big names such as Pantera Capital, Binance, Coinbase and Apollo Crypto.
On its medium website, the startup announces that the financing should serve to build up your own ecological network and create a more reliable liquid staking token (LST) infrastructure. This infrastructure enables other institutions to use the protocol and thus contribute to the growth of the defi community.
The Liquid Staking Token (LST) infrastructure from Maverick Protocol plays a crucial role in this. Liquid staking enables users to sell their staking deposits and at the same time keep their assets. In traditional staking, the deposits are often blocked for a longer period of time and little active, which reduces their importance within the crypto community. With Liquid Staking, however, users can act their deposits as LSt-tokens and thus increase their liquidity, while their original deposits continue to stake.
The focus on an effective LST infrastructure is intended to maximize the efficiency of resources. By providing these solutions for other companies, Maverick Protocol wants to expand its ecological network and win new partners and jobs.
MAVERICK Protocol has already taken several steps to further improve the Defi infrastructure. Last May the "Boosted Positions" function was introduced, which offers incentive resources for token jobs and enables better control over assets. Finally, the Voting-ESCROW (VE) model was introduced, which enables the coordination of liquidity positions via the MAV token and democratized the decision-making process.
The startup has also introduced its own swap, which has reached a total value of $ 40.9 million since its publication. Maverick Protocol is still committed to improving the DEFI infrastructure and plans to introduce even more ecological community partners and to examine cross-chain crossing options to increase the market effectiveness in the entire market.
Since its introduction in March 2021, the Maverick Protocol has undergone three development phases. The first phase was the introduction of automated market maker (AMM), which facilitates decentralized token trading. In the most recent phase, the Voting-Ecrow (VE) model was introduced, which enables the coordination of liquidity positions over the MAV token and strengthens the democratic level of decision-making processes.
MAVERICK Protocol has big plans for the future and strives to further improve its defi infrastructure in order to achieve an even greater market effectiveness.