Automated Market Makers (AMMs) marked a significant breakthrough in the Decentralized Finance (DeFi) sphere, allowing users to trade on-chain without intermediaries. Bancor launched the first AMM in 2017, but Uniswap popularized it, despite other dominant DeFi protocols like Curve Finance introducing AMMs. The Maverick Protocol, the 34th project on Binance Launchpad, stands out as a DeFi protocol focusing on AMMs.
What is MAV Coin?
AMMs are a crucial infrastructure component and lifeline for a thriving DeFi ecosystem. The most significant advance for AMMs has been concentrated liquidity. Introduced with Uniswap V3, concentrated liquidity gives liquidity providers more control over their assets, allowing them to determine the price ranges where their liquidity will be utilized. This improved Uniswap V3’s capital efficiency significantly, providing users with deep liquidity without needing to increase the total value locked (TVL) in the protocol.
The Maverick Protocol, announced on March 8, 2023, aims to take concentrated liquidity strategies a step further. It proposes to give users even more control over their liquidity positions through the automation of liquidity provision within specific pool ranges and pre-determined parameters.
Deployed on Ethereum and zkSync Era, the Maverick Protocol aims to provide the most liquid trading platform for all users through its unique AMM design, known as the Dynamic Distribution AMM. This model aims to solve three main problems identified in existing concentrated liquidity solutions.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLThe first problem Maverick Protocol aims to address is the high level of active management required by most concentrated liquidity solutions.
Similarly, the second problem focused on is the implicit bias towards horizontal markets in concentrated liquidity provision.
Lastly, the Maverick Protocol addresses the issue of most concentrated liquidity solutions spreading the provided liquidity equally across the chosen range, limiting user flexibility in determining how their assets will be used.
How to Buy MAV Coin?
MAV coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. At the time of writing, MAV coin is trading in the MAV/BTC, MAV/USDT, and MAV/TUSD pairs.
To purchase MAV coin, one must first register on Binance. After completing the registration process, crypto or fiat currency should be transferred to the wallet on Binance. Once the transfer is complete, MAV coin can be purchased from any of the three pairs listed above.
To buy from the MAV/USDT pair, go to the pair’s interface and enter the desired amount in the specified area under the “limit” tab. After entering the amount, the purchase is completed with the “Buy MAV” order.
