February 15, 2022 — Maverick, an innovative DeFi ecosystem, announces $8 million in funding from leading investors to bring its groundbreaking ALP (Automated Liquidity Placement) technology and open asset-listing model to market. The protocol has also secured strategic partnerships with liquidity providers to support its mission to revolutionize how users trade and stake in DeFi.
Maverick Protocol is proud to announce its $8 million strategic fundraising round, led by Pantera Capital. Other investors include Altonomy, Circle Ventures, CMT Digital, Coral DeFi, Gemini Frontier Fund, GoldenTree Asset Management, Jump Crypto, LedgerPrime, Spartan Group, Taureon, and Tron Foundation. The funding will help Maverick to launch its mainnet product in mid-2022 and scale its protocol by rapidly growing its core machine learning and business team.
Maverick’s mission is to expand the reach of DeFi through a more inclusive approach to crypto asset listing. Currently, it is difficult for users to trade mid-cap tokens on decentralized markets, even on nominally permissionless trading protocols: decentralized derivatives exchanges are limited to 30 trading pairs or fewer, compared to the hundreds of pairs available on centralized exchanges.
Since derivatives account for more than 50% of daily crypto trading volume, the opportunity for a derivatives DEX that allows open listing is enormous.
Maverick is targeting this greenfield by utilizing a protocol to open listings to any trading pair, while allowing users to use any ERC20 token as collateral. Tapping into this underutilized liquidity can bring new market opportunities to liquidity providers and traders globally.
Maverick also promises industry-leading pricing through its proprietary Automated Liquidity Placement (ALP) AMM, an innovative mechanism that automatically positions liquidity more effectively around the market price. The result is greater capital efficiency for liquidity providers and lower slippage for traders.
At the same time, this automation effectively eliminates the need for liquidity providers to manage their collateral or pay others to do it for them. In turn, the intrinsically passive nature of staking via Maverick makes it the ideal composable platform for building further exciting DeFi applications in the future.