Binance, the giant cryptocurrency exchange, has taken another step to offer a new opportunity to its users. Introduced as the 34th project at Binance Launchpool, Maverick Protocol (MAV) stands out as a customizable DEX. This new protocol allows liquidity providers to achieve high capital efficiency using their preferred LP strategies. Here are all the details about this exciting project on Binance Launchpool. #MaverickProtocol #MAV
MAV Launchpool Details:
Maverick Protocol's (MAV) Launchpool program offers users the opportunity to earn MAV tokens.
Users will be able to stake BNB and TUSD in separate pools to accumulate MAV tokens. They will have the opportunity to accumulate MAV tokens for 25 days as of 2023-06-14 00:00 (UTC).
Once the liquidity requirement is met, Binance will list MAV with trading pairs MAV/BTC, MAV/USDT and MAV/TUSD.
Additionally, users will have the opportunity to benefit from zero maker fees on the MAV/TUSD trading pair.
MAV Token Details:
The total token supply of Maverick Protocol (MAV) is 2,000,000,000 MAV.
The reward amount allocated for the Launchpool program is 30,000,000 MAV, which is 1.5% of the total token supply.
The initial circulating supply is set at 250,000,000 MAV, which is 12.5% of the total token supply.
Supported pools for MAV Token (MAV) are BNB Stake Pool and TUSD Stake Pool.
BNB Stake Pool represents 80% of the reward amount (24,000,000 MAV) and TUSD Stake Pool represents 20% of the reward amount (6,000,000 MAV).
Farming Time and Rewards:
The farming period of the MAV Launchpool program will continue between 2023-06-14 00:00 (UTC) and 2023-07-08 23:59 (UTC).
During this period, users will be able to benefit from a total of 1,200,000 MAV rewards per day.
While the Daily Reward Amount for BNB Pool (MAV) is set at 960,000.00 MAV, Daily Rewards for TUSD Pool (MAV) will be distributed as 240,000.00 MAV.
Points to Consider:
There are a few points you should consider in the MAV Launchpool program.
Users can access and update their hourly user balances and total pool balances in real time.
This way they can use it to calculate their rewards. Additionally, users can accumulate their rewards and claim them directly to their spot accounts whenever they want.
The annual percentage return (APY) and total pool balance for each pool will also be updated in real-time. Tokens can only be staked in one pool, but users can unstake their funds and join other pools immediately.
Stake tokens and unclaimed rewards will be automatically transferred to users' spot accounts at the end of each farming period.
Binance BNB Vault supports MAV Launchpool, allowing BNB holders to automatically participate in the program and receive daily MAV rewards into their Spot Wallet.
Conclusion:
Maverick Protocol (MAV), the 34th project on Binance Launchpool, aims to provide high capital efficiency as a customizable DEX. Users can earn and trade MAV tokens by staking BNB and TUSD. The features of the MAV Launchpool program and the rewards distributed offer users an attractive opportunity. Binance's innovative step aims to meet the expectations of liquidity providers and investors in the cryptocurrency market. $BNB #LaunchPool #Binance
