Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.A new contender is challenging Uniswap for decentralized exchange supremacy. Or so Maverick CTO Bob Baxley believes.
Maverick will integrate with Lido and use the staking protocol’s wrapped liquid staking token, wstETH, as the predominant ETH-based quote asset, and LPs that choose to use wstETH instead of ETH receive extra APR, since wstETH accrues staking rewards, the company said. On existing automated market makers, liquidity providers depend on sideways market action to maximize capital efficiency, and manually tracking price changes to maintain the concentration of a liquidity pool introduces gas costs and a layer of complexity, according to Baxley.
“If you really believe the price is going to go sideways and just sideways, mode both is your way to go,” said Baxley, noting that it “can be a good position for something like a very stable pair like USDC, USDT, or even an LSD pair where you expect the price to not have kind of drastic undulations left and right.
The new degree of freedom for LP -- ETH_Nation Thanks for covering mavprotcol 🙌
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Source: CoinDesk - 🏆 291. / 63 Read more »