Decentralized Exchange Maverick Rolls Out Liquidity Incentives for Price Stability
Decentralized exchange (DEX) platform Maverick Protocol has unveiled a novel incentive system that can help stablecoins, ether (ETH) liquid staking derivatives keep their price pegs, the protocol said in a press release on Tuesday. The incentive system allows token issuers such as liquid staking protocols or stablecoin issuers to create so-called “boosted positions,” offering extra rewards to liquidity providers.
Maverick is built around an automated market maker (AMM) algorithm, where traders can swap digital assets without any intermediary in liquidity pools. Token holders can also deploy their assets in the pools to provide liquidity for trading while earning a share of the trading fees. The protocol’s latest upgrade comes as DEXs are fiercely competing to attract traders and traffic onto their platforms as crypto investors seek decentralized trading venues after multiple blowups of centralized marketplaces and increasing regulatory stranglehold. Maverick’s tool is more efficient than existing offerings because it allows token issuers to concentrate reward payouts.
Source
https://t.me/DeFi_Ethereum
