DeFi infrastructure startup Maverick Protocol has raised approximately $9 million in a funding round, with investors including Pantera Capital, Binance, Coinbase, and Apollo Crypto. The funding will be used to expand Maverick’s ecosystem and improve its Liquid Staking Token (LST) Infrastructure, allowing for deployment to other chains and attracting new players and projects. Liquid staking is an innovative approach that allows users to stake their tokens while maintaining liquidity by receiving a representative or ‘liquid’ token in return. Maverick aims to optimize capital efficiency and broaden its ecosystem by prioritizing an efficient LST infrastructure. The startup has also introduced Boosted Positions and a voting-escrow (ve) model, further improving its DeFi infrastructure. Maverick has been steadily enhancing its infrastructure since its launch in March 2021 and remains optimistic about its future, with plans to announce more ecosystem partners and explore cross-chain opportunities. This article is for informational purposes only and does not constitute legal, tax, investment, financial, or other advice.
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