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Maverick on zkSync - Earning, Locking And Voting I discovered Maverick after Binance added $MAV farming as a launchpool, and done a little research about the project. Maverick is a composable DEX that enables LP to achieve high capital efficiency through different strategies, and being deployed on zkSync will bring major benefits. https://accounts.binance.com/en/register?ref=B8KQP70Y I farmed 5 $MAV in a month and decided to sell when Binance listed the token, as a drop in value will happen immediately after. Sold them for few dollars and bought back in two weeks at half price!  https://accounts.binance.com/en/register?ref=B8KQP70Y

Maverick and zkSync are both layer 2 scaling solutions for Ethereum. Maverick is a rollup technology that aims to increase transaction throughput and reduce fees on the Ethereum network, while zkSync scaling solution that utilizes zero-knowledge proofs to enable fast and low-cost transactions. Both solutions are designed to address the scalability issues of Ethereum and improve the overall user experience, making it easier for crypto enthusiasts to trade and explore decentralized finance.  The Maverick AMM will refund automatically between 30 and 80% of the gas fees. I done a little test of the swap function, to see how well the gas refund works, and it was close to 80% refund.

MAV is the ERC-20 token powers the protocol, and can be staked for rewards. I bought more $MAV and decided to stack it for voting power. I locked 38.21 $MAV for 1 year in exchange of 58.35 veMAV. The allocation is bigger for longer amounts, but 4 years locking looks like an infinity!

Few clicks later and I got veMAV available for governance. The locked $MAV will become available in one year, hopefully at a higher value than the tokens had in September 2023. I hope that zkSync will become huge, and Maverick will grow along the others native protocols.

But what is veMAV? The name is a short for Voting-Escrow MAV (veMAV) and this tokens are governance tokens that are rewarded to holders of staked MAV. These governance tokens are used to vote on the future of Maverick Protocol, through snapshots and proposals.

Good news from Binance, as they integrated Maverick Protocol on the zkSync Era Network. They announced the integration will enable the exchange platform to open up deposit and withdrawal functions of the native token for users across the ecosystem. https://accounts.binance.com/en/register?ref=B8KQP70Y The smart contract address for the deposit is now live and can be found on the official website of Binance Exchange and deposits can take approximately 24 hours, depending on the finality mechanics of the zkSync Era. The development comes at a time when Binance has announced that its P2P segment will update the Maker Fees.

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