Someone asked how the Maverick protocol is?
#Mav is just a fancy market-making tool, claiming to allow liquidity providers to adjust their fund pool distribution more flexibly.
Although it boasts about "dynamic distributed AMM," it is essentially just giving a new skin to exchanges like Uniswap, allowing large players to more accurately control their market-making strategies. The token has dropped 94% from its historical high of $0.8, with a market cap reduced to only $29 million, and has become a past project.
70% of the tokens are still locked and have not been released, and when they are unlocked, there will definitely be a bloodbath. Although it was launched on Binance Launchpad, just look at this plummeting trend to know it has long been abandoned by institutions.
The so-called governance voting function is even more of a joke.
Currently, 9 out of 10 DeFi projects are playing this game, but in reality, there aren't that many participants.
If you really want to play with AMM protocols, it's better to just buy leading tokens like UNI or CAKE.
This kind of project lacks innovation and has a poor token economy.
In the end, it is highly likely to become a zombie coin in the exchange, so it's advised to steer clear!
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