Breakthrough in the DeFi space: Maverick Protocol secures $9 million in funding from industry giants such as Pantera Capital, Binance and Coinbase and aims to build its own ecological network and create liquid staking token infrastructure

Breakthrough in the DeFi space: Maverick Protocol secures $9 million in funding from industry giants such as Pantera Capital, Binance and Coinbase and aims to build its own ecological network and create liquid staking token infrastructure

DeFi facility startup Maverick Protocol recently raised $9 million in funding. The startup's customers include big names like Pantera Capital, Binance, Coinbase and Apollo Crypto.

On its Medium website, the startup announces that the funding will be used to build its own ecological network and create a more reliable Liquid Staking Token (LST) infrastructure. This infrastructure enables other institutions to use the protocol, thereby contributing to the growth of the DeFi community.

Maverick Protocol’s Liquid Staking Token (LST) infrastructure plays a crucial role in this. Liquid staking allows users to liquidate their staking deposits while retaining their assets. With traditional staking, deposits are often locked for a longer period of time and have little activity, reducing their importance within the crypto community. With Liquid Staking, however, users can trade their deposits as LST tokens and thus increase their liquidity while their original deposits continue to be staked.

Focusing on an effective LST infrastructure is intended to maximize the efficiency of resources. By providing these solutions to other companies, Maverick Protocol aims to expand its ecological network and attract new partners and jobs.

Maverick Protocol has already taken several steps to further improve the DeFi infrastructure. Last May, the Boosted Positions feature was introduced, providing incentivized resources for token jobs and allowing greater control over assets. Most recently, the Voting-Escrow(ve) model was introduced, enabling voting on liquidity positions via the MAV token and democratizing the decision-making process.

The startup also launched its own swap, which has reached a total value of $40.9 million since its release. Maverick Protocol remains committed to improving DeFi infrastructure and plans to introduce even more ecological community partners and explore cross-chain options to increase market effectiveness across the market.

Since its launch in March 2021, Maverick Protocol has gone through three phases of development. The first phase was the introduction of the Automated Market Maker (AMM), which facilitates decentralized token trading. In the most recent phase, the Voting-Escrow(ve) model was introduced, which enables voting on liquidity positions via the MAV token and strengthens the democratic level of decision-making processes.

Maverick Protocol has big plans for the future and aims to further improve its DeFi infrastructure to achieve even greater market impact.