DeFi protocol mavprotocol has raised $9 millionfrom a set of crypto industry heavyweights, led by Peter Thiel's Founders Fund, to build more efficient liquid staking token infrastructure. By JamieCrawleyCD
unveiled its decentralized exchange on Ethereum, powered by a smart contract-based automated market maker
, which allows investors to capture greater revenue through automating the ranges in which they put their tokens to work. Since then, Maverick has also integrated with liquid staking projects such as Lido, Frax, Liquity, cbETH, Rocket Pool, and Swell, the statement said. Decentralized trading platforms could become a preferred avenue for traders amid ongoing concerns about the stability of centralized exchanges, most acutely highlighted by FTX's collapse last year along with recent reminders in the U.S. regulatory backlash against the likes of
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