Maverick Protocol Completes $9M Strategic Funding Round Led by Founders Fund to Build More Efficient DeFi Infrastructure
Summary
Maverick Protocol Completes $9M Strategic Funding Round Led by Founders Fund to Build More Efficient DeFi InfrastructureFinancing also included participation from major blockchain-focused venture firms Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo CryptoNEW YORK, June 21, 2023-- Maverick Protocol, a decentralized finance (DeFi) infrastructure provider focused on increasing industry efficiency, has announced a $9M fundraise. New capital will also be utilized to scale the protocol to deploy on new chains, support developers to build on its infrastructure, and attract more projects to its growing ecosystem. Following that, the platform introduced Boosted Positions, a set of surgical incentivization tools that provided token projects with greater control over liquidity, reducing wasted incentives and maximizing the value from reward programs. The companys surgical approach to decentralized finance will push the entire industry forward, said Joey Krug, Partner at Founders Fund. About Maverick Protocol Maverick Protocol is a new infrastructure for decentralized finance, built to bring higher capital efficiency and greater capital control to traders, liquidity providers, DAO treasuries, and developers, powered by a revolutionary Automated Market Maker (AMM).