Binance, the giant cryptocurrency exchange, has taken another step to offer a new opportunity to its users. Maverick Protocol (MAV), introduced as the 34th project on Binance Launchpool, stands out as a customizable DEX. This new protocol allows liquidity providers to achieve high capital efficiency by 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 chance to earn MAV tokens.
Users will be able to stake their BNB and TUSD in separate pools to accumulate MAV tokens starting from 2023-06-14 00:00 (UTC) for a period of 25 days.
Binance will list MAV once the liquidity requirement is met, enabling trading with MAV/BTC, MAV/USDT, and MAV/TUSD trading pairs.
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 allocated reward amount for the Launchpool program is 30,000,000 MAV, which corresponds to 1.5% of the total token supply.
The initial circulating supply is set at 250,000,000 MAV (12.5% of the total token supply).
The supported pools for MAV Token (MAV) are the BNB Stake Pool and the TUSD Stake Pool.
The BNB Stake Pool represents 80% of the reward amount (24,000,000 MAV), while the TUSD Stake Pool represents 20% of the reward amount (6,000,000 MAV).
Farming Period and Rewards:
The MAV Launchpool program has a farming period that will last from 2023-06-14 00:00 (UTC) to 2023-07-08 23:59 (UTC).
During this period, users will be able to benefit from a total of 1,200,000 MAV rewards daily.
The Daily Rewards for the BNB Pool (MAV) is set at 960,000.00 MAV, while the Daily Rewards for the TUSD Pool (MAV) will be distributed as 240,000.00 MAV.
Points to Consider:
There are several points to consider in the MAV Launchpool program.
Users will be able to access and update their hourly user balances and total pool balances in real-time to calculate their rewards. Additionally, users can accumulate their rewards and request them directly to their spot accounts at any time.
The annual percentage yield (APY) and total pool balance for each pool will also be updated in real-time. Tokens can only be staked in one pool at a time, but users can unstake their funds and immediately join other pools.
The staked 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 participate automatically in the program and receive their daily MAV rewards in their Spot Wallets.
Conclusion:
Maverick Protocol (MAV), the 34th project on Binance Launchpool, aims to provide high capital efficiency as a customizable DEX. Users can earn MAV tokens by staking BNB and TUSD and trade with these tokens. The features and distributed rewards of the MAV Launchpool program offer an attractive opportunity to users. Binance's innovative step aims to meet the expectations of liquidity providers and investors in the cryptocurrency market. #Launchpool #Binance $BNB
