Unlike what the market showed last week, negativity no longer has a strong hold on many investors’ mindsets. Bad news is gradually being replaced by positive news brought about by the Bitcoin rally.
After attracting information on Binance Launchpool, the Maverick Protocol project continued to release the "hot" news of successfully raising $9 million in funds, with many important figures involved.
Maverick Protocol is a DeFi protocol that provides a unique design for the Maverick AMM DEX trading platform - Dynamic Allocation AMM. Through this protocol, it aims to optimize capital efficiency for users, liquidity providers (LPs), DAOs, finance and developers. Maverick AMM is the main product of Maverick Protocol, which acts as an AMM DEX based on zkSync and Ethereum network.
Since being mentioned by Binance, Maverick has quickly attracted special attention from many investors due to its operating model, which is considered to be more improved than the "tycoon" Uniswap V3.
Fundraising rounds with many big names
On June 22, the Maverick Protocol project appeared to add fuel to the fire for investors interested in the project by announcing the results of a strategic fundraising round.
Specifically, Maverick Protocol successfully raised $9 million, led by Founders Fund. It also received support from well-known institutions such as Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto.
Founders Fund currently manages more than $11 billion in assets. In particular, the fund was the first to invest in many well-known companies such as SpaceX, Facebook, and Palantir Technologies. Therefore, Founders Fund is able to provide Maverick with more resources in addition to financial resources.
Since the successful Ethereum Shapella upgrade, the market’s interest in liquid staking has been increasing. Maverick team representative, Bob Baxley, shared the project’s upcoming plans on Twitter.
Especially from what Bob Baxley shared, you can see that the project is quite focused on developing around the set of liquid equity collateral tokens. In other words, Maverick is working hard to perfect the field in preparation for the battle for liquid equity collateral.
As a way of confirming what member Bob Baxley shared, the project also confirmed that this round of strategic funding will be used to develop the infrastructure of Liquid Staking Token and improve the efficiency of cross-chain liquidity.
Additionally, the project will use the capital to expand into many different blockchains, support developer growth from their infrastructure, and attract more projects to choose Maverick as a destination.
The community is very interested in this, and the trading volume is 5 times that of the opponent
Nearly five years after the term “decentralized finance” first appeared in August 2018, the biggest problem in the decentralized finance sector remains liquidity. In order to reduce slippage and improve funding efficiency.
However, the perfect solution has yet to be discovered, so new innovations are still emerging. Maverick Protocol’s liquidity model is a more flexible version of Uniswap V3.
Simply put, liquidity is now able to enter the price range where trading demand is high. This is also the reason why Maverick Protocol has attracted a lot of attention in the community.
To learn more about Maverick Protocol’s products, please read more here.
Delphi Digital, one of the prominent analysts in the crypto market, said that Maverick’s centralized liquidity model is better than Uniswap.
This view is based on a statistical comparison of Maverick and Uniswap in terms of liquidity distribution.
Assuming the two platforms have equal total value locked (TVL), Maverick is almost more efficient for traders and liquidity providers.
When an investor in the market asks, "Can anyone show me another version of Trader Joe's? Or do I only have one choice, JOE."
In response to the above questions, Defi_Mochi, a well-known investor in the market and former Delphi Digital employee, recommended Maverick Protocol for its innovativeness.
Another factor leading to increased market attention and interaction with the Maverick platform comes from the airdrop commitment in the project’s token economic model distribution.
Analysis tool Nansen noted that two “professional airdrop hunters” have landed on Maverick Protocol since the announcement.
In addition, Delphi Digital also made another comparison between Maverick and Trader Joe. It can be seen that Maverick's trading volume in the past 30 days is almost 5 times that of its competitor Trader Joe.
In the mission of making DeFi more perfect, a new solution has emerged. The competition among projects in the DeFi field will have a long journey, and the final winner remains a mystery.