Maverick Protocol (MAV)

Use Case of Maverick Protocol

Maverick Protocol is designed to improve how people trade cryptocurrencies. It focuses on making swaps cheaper by lowering gas fees, which are the costs of making transactions on the blockchain. This helps increase the number of trades happening (order flow) and makes the whole process more efficient.

Pros

Maverick Protocol offers lower swap gas fees, which means users spend less on transaction costs. It also supports more order flow, allowing for smoother and faster trading. The platform is designed for hyper efficiency, making it a streamlined experience for users.

Cons

No specific cons are provided in the available information.

No information about the founders of Maverick Protocol is available in the provided data.

Key Investors

Maverick Protocol has raised a total of $18 million through multiple funding rounds. Some of the main investors include Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, Gemini, Apollo Crypto, Fork Ventures, V3V Ventures, YZi Labs, and others.

Strategic Funding Rounds

In a notable $8 million strategic round led by Pantera Capital, other investors included Altonomy, Circle Ventures, CMT Digital, Coral DeFi, Gemini Frontier Fund, GoldenTree Asset Management, Jump Crypto, LedgerPrime, Spartan Group, Taureon, and Tron Foundation.

Recent Fundraising

In June 2023, Maverick Protocol secured $9 million in funding led by Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.

For more details, visit their official website: https://www.mav.xyz/

Halal Status of Maverick Protocol

Maverick Protocol is generally considered halal because it is a decentralized finance (DeFi) infrastructure focused on liquidity provision and trading without involving interest (riba) or gambling (maisir). However, some trading activities related to crypto, such as margin trading, futures, staking, and loans, are often viewed as haram by Islamic scholars. Since Maverick Protocol mainly facilitates liquidity and trading without explicitly involving these haram activities, it can be seen as permissible.

For more details, you can visit their official website: https://www.mav.xyz/