Binance and Coinbase support has always had an important place in the world of cryptocurrencies. Supported projects gain significant value. They also attract significant investors. Now there is such a development.
Investing in cryptocurrency project
Maverick Protocol, the leading decentralized finance (DeFi) infrastructure provider, has received significant support. Accordingly, under the leadership of Peter Thiel, Founders Fund managed to raise $9 million in funding from well-known industry players such as Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto. This significant investment aims to further support Maverick’s mission to increase liquidity and efficiency in the DeFi market. It should also be noted that the cryptocurrency MAV is currently on Binance Launchpad.
With the newly raised capital, Maverick Protocol aims to advance the development of a streamlined liquid staking token infrastructure. It also aims to address the current challenges related to cross-chain liquidity. By doing this, the company is focusing on revolutionizing the DeFi space. It also strives to offer improved market efficiency.
Positive case for Maverick
The rise in popularity of liquid staking protocols and the expected growth of the cryptocurrency Ethereum’s Shanghai upgrade are creating a positive environment for the Maverick Protocol. The company has a total locked value (TVL) of over $30 million so far. Accordingly, it is moving forward with determination to provide the basic infrastructure that increases efficiency in DeFi markets.
Maverick Protocol recently introduced smart contract-based automated market makers (AMMs), a decentralized exchange (DEX) running on the cryptocurrency Ethereum network. This innovative solution empowers investors by automating token allocation. On the other hand, it helps them optimize their revenue generation processes. It has also expanded its ecosystem by establishing integrations with leading liquid staking projects such as Lido, Frax, Liquity, cbETH, Rocket Pool and Swell. As a result of this development, Maverick has strengthened its position in the market.
concerns
There are ongoing concerns about the stability of centralized exchanges. This causes decentralized trading platforms to gain significant popularity among investors. There are events like the collapse of FTX and the regulatory challenges Coinbase and Binance have faced recently. All this highlights the risks associated with centralized platforms. For this reason, investors are increasingly turning to platforms independent of the fortunes or misfortunes of large corporations.
Although there are concerns, the cryptocurrency space continues to grow. In addition, we come across new projects every day. As we have mentioned as Kriptokoin.com, the domain has not even reached adolescence yet. However, let’s say that the growth is extremely stable.
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