Source: Binance
Binance has announced the opening of trading for Maverick Protocol (MAV), the native token of a DeFi project supported by prominent investors such as Founders Fund, Pantera Capital, Coinbase Ventures, and Binance Labs.
According to Binance’s official announcement, the exchange will initially support three trading pairs for MAV: MAV/BTC, MAV/USDT, and MAV/TUSD. The trading of Maverick Protocol on Binance commenced on June 28, 2023, at 08:00 (UTC).
Traders will enjoy the advantage of zero fee trading on the MAV/TUSD pair “until further notice,” as stated by the exchange.
The listing of Maverick Protocol on Binance follows its recent addition to the exchange’s Launchpool. Apart from Binance, MAV can also be traded on other platforms like Bitget and DigiFinex, offering users multiple avenues to engage with the token.
What is Maverick Protocol (MAV)?
Maverick Protocol is a composable decentralized exchange (DEX) powered by the Maverick Automated Market Maker (AMM). As a DeFi infrastructure provider, Maverick Protocol aims to enhance capital efficiency for liquidity providers (LPs) within the ecosystem.
The protocol’s mission, as shared on its official Twitter account, is to eliminate inefficiencies in DeFi by helping users allocate their liquidity to maximize its impact.
MAV is currently operational on the Ethereum mainnet, zkSync, and BNB Chain. Since the launch of its Dynamic Distribution AMM, the trading volume on Maverick Protocol’s DEX has surpassed an impressive 2.5 billion, indicating strong growth and user engagement.
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