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Maverick is a composable decentralized financial infrastructure that enables builders and liquidity providers to achieve high capital efficiency and execute their desired liquidity providing (LP) strategies.
MAV is the native utility token of the Maverick Protocol and can be used for the following functions::
Governance: MAV token holders can stake to earn veMAV, which will be used to vote on protocol governance decisions.
Voting: veMAV will provide community voting rights, including the allocation of protocol incentives to specific pools or positions in the Maverick AMM.
The protocol consists of the following main components:
Maverick AMM: The first dynamically distributed AMM. A smart contract that enables users to place liquidity in arbitrary distributions and automatically moves users' liquidity to follow price changes.
Boosted Positions: A smart contract that sits on top of the AMM contract, allowing the protocol to add token rewards to a specific dynamic distribution in order to attract liquidity with surgical precision.
Voting Escrow: A smart contract that facilitates voting on Boosted Positions and governance.
The project raised $17,460,000 from three rounds of private token sales, of which 360,000,000 of the total MAV token supply of 2,000,000,000 were sold. In the most recent round of private token sales, MAV was priced at $0.1.