Maverick Protocol

Based in US and founded in 2021, Maverick Protocol operates as a developer focusing on DeFi infrastructure, which faces to liquid markets for traders, liquidity providers, DAO treasuries, and developers. The company was founded by Alvin Xu, product manager with years of experience in web3 fields. In June 2021, Maverick Protocol raised USD 1 million in seed funding led by new in Jump Crypto, with participation from new investors Advanced Blockchain AG, Apollo Global Management, Shima Capital and Taureon. In February 2022, Maverick Protocol raised USD 8 million in venture funding led by new investor Pantera Capital, with participation from new investors Altonomy, Circle Ventures, CMT Digital, Coral Ventures, Gemini Frontier Fund, GoldenTree Asset Management, LedgerPrime, Spartan Group, and Tron Foundation.

Returning investors Jump Crypto and Taureon also participated in this round. The company's product is Maverick Protocol, which has been launched its dApp to Ethereum mainnet, with all Maverick AMM's features consolidated. Maverick Protocol is powered by Maverick AMM, Defi's first Dynamic Distribution AMM, which can automate the concentration of liquidity as price moves. The company will use the fund raised in 2022 to boost the development of the Automated Liquidity Placement (ALP) technology, building an open asset listing model on the derivative platform, and partnering with other DeFi companies to boost liquidity provision, offer low slippage, and efficient asset trading on decentralized derivatives platforms.