Decentralized Derivatives Protocol Maverick Closed $8 Million Funding Round Led by Pantera Capital

TokenInsight news, Maverick, a decentralized derivatives protocol, closed an $8 million round of funding led by Pantera Capital with participation from Altonomy, Circle Ventures, CMT Digital and others. The funds raised will be used to help Maverick Protocol launch its mainnet in the middle of this year and to scale its protocol by growing its team. The protocol reportedly plans to bring its Automated Liquidity Provisioning (ALP) technology and open asset listing model to market, which will provide greater capital efficiency for liquidity providers and lower slippage for traders.