Space Summary
The Twitter Space gUSDC <> USDC on Maverick v2 : Multi-chain Yield Opportunities hosted by mavprotocol. Explore the realm of multi-chain yield opportunities with gUSDC <> USDC on Maverick v2, powered by a DeFi infrastructure provider backed by top investors. Delve into key takeaways like community engagement, cross-chain synergy insights, and scalability challenges in this dynamic DeFi landscape. Uncover the future trends reshaping cross-chain interactions and the significance of renowned investors in boosting credibility. Stay informed about the latest innovations in yield farming, security measures, and market trends shaping the DeFi industry.
For more spaces, visit the DeFi page.
Space Statistics
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Questions
Q: How does Maverick v2 enhance multi-chain yield opportunities?
A: Maverick v2 provides efficient infrastructure for users to access diverse blockchain networks, optimizing yield generation.
Q: What sets gUSDC <> USDC apart in the DeFi space?
A: The synergy between gUSDC and USDC offers unique opportunities for profitable DeFi strategies and cross-chain operations.
Q: Why is community engagement crucial in DeFi platforms?
A: Community engagement fosters network growth, user trust, and shared knowledge in the DeFi ecosystem.
Q: What advantages do cross-chain operations bring to DeFi?
A: Cross-chain operations enhance scalability, liquidity, and yield potential by tapping into multiple blockchain networks.
Q: How can users navigate the complexities of multi-chain DeFi ecosystems?
A: Understanding the interoperability between chains, leveraging unique features, and staying informed are key to navigating multi-chain DeFi platforms.
Q: What role do renowned investors like @foundersfund play in DeFi projects?
A: Investors like @foundersfund bring credibility, guidance, and resources to DeFi projects, boosting confidence and growth.
Q: How does Maverick AMM contribute to yield generation in DeFi?
A: Maverick AMM offers innovative solutions and tools to optimize yield farming and liquidity provision across various blockchain networks.
Q: What scalability challenges do multi-chain DeFi platforms face?
A: Scalability challenges include network congestion, interoperability issues, and maintaining security standards across multiple chains.
Q: How can DeFi platforms ensure sustainable operation amid market fluctuations?
A: Ensuring diversified strategies, risk management protocols, and community feedback mechanisms can help DeFi platforms maintain sustainability.
Q: What trends are shaping the future of cross-chain DeFi interactions?
A: Trends like decentralized bridges, layer 2 solutions, and adaptive protocols are influencing cross-chain DeFi interactions and expanding opportunities for users.
Highlights
Time: 00:15:32
Maverick v2 Launch Announcement Introduction of Maverick v2 and its role in revolutionizing multi-chain yield opportunities.
Time: 00:25:48
Investor Panel Insights Insights from @foundersfund and @PanteraCapital on the significance of gUSDC <> USDC and DeFi infrastructure.
Time: 00:35:15
Community Engagement Strategies Discussion on fostering community engagement and participation in DeFi projects.
Time: 00:45:22
Cross-chain Synergies Unveiled Exploring the benefits of cross-chain synergy between gUSDC and USDC for enhanced yield opportunities.
Time: 00:55:11
Future of DeFi Scalability Predictions on how multi-chain operations will shape the scalability of DeFi platforms.
Time: 01:05:40
Security Measures in Multi-chain DeFi Insights on maintaining security standards and risk management across diverse blockchain networks.
Time: 01:15:29
Innovations in Yield Farming Innovative approaches in yield farming and liquidity provision across various blockchains.
Time: 01:25:17
DeFi Market Trends Analysis Analyzing market trends influencing the future direction of DeFi and cross-chain interactions.
Time: 01:35:50
Adoption Challenges and Solutions Challenges faced in DeFi adoption and strategies to overcome them for sustainable growth.
Time: 01:45:33
Regulatory Landscape Overview Insights on navigating regulatory challenges and compliance issues in the DeFi space.
Key Takeaways
- The space focuses on multi-chain yield opportunities through gUSDC <> USDC on Maverick v2.
- Backed by well-known investors like @foundersfund and @PanteraCapital for increased credibility.
- Emphasizes efficient DeFi infrastructure to enhance industry operations and user experience.
- Highlighting Maverick AMM's role in providing innovative solutions for yield generation.
- Discussion revolves around tapping into diverse blockchain networks for maximizing yield potential.
- Importance of understanding the synergies between gUSDC and USDC for profitable DeFi strategies.
- Exploring the impact of multi-chain operations on scalability and sustainability in DeFi.
- Insights into the future of DeFi and how cross-chain opportunities are reshaping the industry.
- Addressing community engagement and participation in the ever-evolving DeFi landscape.
- Investigating the challenges and advantages of navigating the multi-chain DeFi ecosystem.
Behind the Mic
Initial Greetings and Invitations
Hey, Lee. I just invite you as speaker, so let me know if you get it. Yes, I can hear you clearly. Welcome, welcome. Is there a delay? It looks fine with me. Hey, Brian, inviting you to speak. Do you know anyone from Gantt street can co-host from the official account? Just thinking that's given more exposure to the community. Yeah, the only person that has access to the Twitter account is founder Brian. Do you know if sec. Good luck, perhaps. Yeah, I pinged him twice now, about an hour and a half ago and a few minutes ago. Just haven't seen him. I let him know yesterday too, so hopefully he grabs it and logs in.
Discussion on Event Participation
Okay, awesome. Yeah. all right, let's just give a few, maybe a moment to have more people joining. and like in a minute or two, we can get it started. Sounds good. Good day, folks. Oh, hey, Matt. Awesome. Yeah, well, I think let me set the discord event live as well. Let's kick a start. Since the space is recorded, we can always amplify the content with our community members. So I will kick today's Twitter space off. So, good evening, everyone, and welcome to Maverick X Spaces. We are excited to have you all here for discussion today on a topic that's at the forefront of Defi innovation, which is the multi channel quid strategy and yield opportunities.
Introducing the Guests
Today we are joined by Brian and B. From Gantztree team and our very own core contributor, Matthew Taylor, to also break down the recent integration of GUSDC on Maverick V two. So, whether you are looking for optimizing your yield on base or arbitram, managing liquidity or cross chains on Maverick or gain insights into this new guinea integration on base and arbitraung, you are in the right place. Now let's get it started by first, maybe let's do a round of introduction and we can start with Brian and Bea. Can you both give us a short intro of yourself and a quick overview of Gantz Trade? Like the product, the team and the unique utility of GSDC token.
Brian's Introduction
Sure. My name is Brian. I'm one of the members of the marketing team, a longtime community member of Gains trade. Been with them since 2021. So Gtrade itself has been around for a number of years already. Continues to bring decentralized perpetual trading to new chains all the time. So right now we are on polygon, arbitrum and now base. So traders can find over 220 pairs of assets to leverage trade on G trade, including crypto, forex, commodities. We offer some really unique features that aren't found on any other perpetual Dex one click trading scam wick protection, guaranteed orders. There's so much to talk about from the gtrade side, but we can get into that. But yeah, that's me. I'm Brian, and I'll let Bea take over for now.
Bea's Introduction
Hey, guys, thanks for having us on spaces with you. I've also been involved with Gains Network since 2021 with marketing, and yeah, I'm the defi djen on the team here, so anything degen, send them my way. Lovely. Yes, great. And thanks for that. Great to have the GSDC team join Maverick ecosystem as well. Now, maybe for the audience that's joined from the Gantz trade community and listened to the Maverick experts for the first time. Matt, do you want to introduce yourself and maybe give us an elevator pitch of Maverick, especially Maverick V two?
Matt's Introduction to Maverick
Sure thing. Yep, delighted to be here. My name is Matt. I'm a core contributor at Maverick Protocol. Been with Maverick almost from its start, so coming up now on about three years. It's amazing how fast time moves in. Crypto. Kind of makes us old, right? Maverick is a decentralized exchange, multi chain decentralized exchange. Live currently on Ethereum, Mainnet, Arbitrum base, BSc, scroll, and Zksync era. It's built around a novel kind of automated market maker, which we call a dynamic distribution amm. This builds on the power of concentrated liquidity amms to basically include a mechanism that allows the amm to automatically move liquidity to follow price, which is a mechanism if we want.
Maverick's Features and Efficiency
We can explore in more detail later. But the course I take away from this is that keeps LP's capital closer to price, which means it keeps capital tokens more active, which results in deeper liquidity for swappers and more fees for LP's. Our big watchword in Maverick is efficiency, so we're all about making people's tokens more. That's why on most of the chains where we're live, Maverick is in the top ten, if not the top five, of dexs by volume, even though it has comparatively lower TVL than many of the other dexs in those chains. For instance, on base, where GUSDC is live right now, Maverick currently is number four by both 24 hours and seven day. Volume V two was launched in June of this year, and it brought a lot of optimizations to the AMM, including even lower gas cost swaps than were offering before, as well as a clutch of new features like programmable pools and directional fees, any of which I'd be happy to talk about in more detail later on.
Boosted Positions
Another kind of core product that Maverick offers is something called boosted positions, which is a way of bringing greater efficiency to the incentivization of pools for projects like gains trade. And I'm sure we're going to have an opportunity to talk a bit more about what boosted positions are and how the integration of those with gains trade is working right now. Awesome. Thank you. Yeah, I guess for any DeFi users, one key is definitely to always put your liquidity or put your capital into the work and make your liquidity hustle. Right? So now that we've set the stage for today's discussion, let's dive into the exciting deployments USDC vault launch on base and of course it's integration with Maverick V two brand or B.
Introduction to the GSD Vault
Maybe anyone can take this question. So we know Gantt trade recently launched the GSD vault on base along with some other major defi integrations on chain. Can you share more details about these launches, especially like what were the strategic reasons behind integrating with base and also choose maverick as initial liquidity venue on base. And also, if I can ask one more question about that, how does it benefit the GSDC holders or users?
Strategic Decisions for GSD Vault
Perfect. Yes. So gtrade was originally on Polygon, then Arbitrum. So we're always looking for more customers to expand and so forth. So base was an obvious target because the growth and active wallets on chain, because we've been observing that for a number of months now, and base looks like just a primed and ready platform to promote adoption amongst more less savvy users because of the innovations on the Coinbase wallet and so forth. We want to be in there, we want to be ready and we want to be ready to deliver perpetuals to customers on base. Right now there aren't too many competitors, so it's good to be one of the first movers into the space on base. So from a strategic standpoint, it was pretty obvious to us it was an EVM compatible chain of easy to move into. And we did that just this last Monday is when we officially went live on base.
Success of USDC Vault on Arbitrum
USDC vault on Arbitrum was launched after the dive vault. Right. So what we noticed immediately in Arbitrum was that USDC began to grow in TVL and as collateral for traders, they seemed to prefer it. So it grew rapidly and has in fact overtaken the volume of the die vault several times. Overdose. So it seems to me that, and seems to the team that GUSDC is what traders want, what stablecoin holders want. It's just such a popular product. Circle's done a great job there. So pushing that to base as our first vault, our first g token vault, made the absolute most sense. Right? Because it's popular, base has close ties with Circle, it just makes sense to deploy USDC on base as our first fault.
Collaboration with Maverick
As far as integrations, I think beak and spearhead, kind of the different products and components on the base ecosystem that led her to maverick. So I'll let her take over for that part. Yeah. Thanks, Brian. Well, our strategy is pretty simple on phase at the moment. The strategy is simply to bootstrap liquidity in the most efficient way possible. And working with Maverick allows us to achieve that. We are integrated with Maverick using the boosted pool strategy, which I'm sure Matt would elaborate on later on, but it essentially allows us to incentivize a small range instead of the full range, which means our incentives could go further, be more capital efficient that way.
Efficient Liquidity with Maverick
And also, what I really like about the boosted pool is that all the parameters are preset, pre programmed. So if you're a liquidity provider, you don't have to worry about setting ranges, you don't have to worry about setting how big your business, none of the complex stuff, which is more important than ever now to keep it simple. So yeah, choosing Maverick was really like a very easy decision for us. Awesome. Yeah, I really believe like volumes represents demands in DeFi and it seems like on base there does have decent volumes, especially rolling through the G USDC vault on Gantz trade. And liquidity represents supply. Right. And Maverick helps to configure that supply with a more precision and efficiency.
USDC Liquidity Distribution Strategy
Actually, speaking of that, Matt, this is a question for you. I do noticed that one thing caught my eyes was a unique USDC. USDC boosted positions liquidity distribution on Maverick. It has this interesting up ramp shape of liquidity with majority USDC in the boost position. And it's pinged actually on the top of this space. We don't see this specifically distribution always or especially elsewhere outside of Maverick. Maybe you can tell us more from either liquidity strategy or products perspective, what is special about it? And especially how does it benefit LP's and GSD holders and traders on Maverick?
Understanding Boosted Positions
Yeah, sure thing. Kick off by wanting to kind of repeat or emphasize what Bea said. I really appreciate her take on boosted positions because it's something that I often say when I'm on a space and talking about how users can start kind of exploring Maverick, because Maverick is a very flexible and versatile platform. It has a lot of things to offer projects and certainly advanced defi users. But like Bea was saying, when you want to get into the world of LP ing, you have to start making decisions about where to put your tokens and thinking about things like fees and bin width and stuff like that. Boosted positions, as well as being a powerful tool for people who have liquidity strategies, also can be thought of as a bit of an easy mode for LP's, in that they take a lot of that guesswork or that kind of intuition or research out of the picture, and an LP can choose to contribute to a strategy that someone else has put together.
Incentivizing Efficient Liquidity
And usually there's a quid pro quo here, because boosted positions have incentives. So essentially you can choose to agree to GUSDC's strategy or someone else's strategy in return for incentives and the fees you earn from that boosted position. And it's a nice way to get involved in LP without having to fully understand necessarily all of the variables that go into constructing smart LP positions. A boosted position represents a concentrated liquidity position within a maverick pool, and it's highly configurable and highly customizable. It leverages all of the power of Maverick AMM to enable projects or users to create distributions that are either as small or as big as they want, and that can take on different shapes and that can use, if they want, the powers of the movement modes in the maverick Ammdezhe.
Advantages of Concentrated Liquidity
So they represent a way of incentivizing highly efficient liquidity. In a lot of incentive models, the platforms only enable projects to incentivize an entire pool. And depending on how concentrated the AMM is, that could be a range, it could be an entire pool. It often means that these projects are forced, left with no choice, but to offer incentives for liquidity they don't want or they don't need, or in fact, sometimes even liquidity that works against their project strategy. So in the case of the G USDC booster position you're talking about, it just represents just one strategy that can be enabled through Maverick AMM. In this case, it's sort of a ramp strategy, as you said. So we can see that the liquidity, we're looking at a pool which is split between USDC and G USDC, and it's got a ramp shape, which means that the bins get a bit of a bit taller or a bit deeper, depending on how you conceptualize it.
Liquidity Movement and Price Strategy
Basically as the price of G USDC in the pool goes up. What that means is the LP's in this pool, when they put their G USDC liquidity into it, they're placing it in such a way that more of it is placed at the higher prices. At the current price, there's some available, but this ramp, as the price in the pool moves, is going to move into areas of deeper and deeper liquidity. And it's a way of doing a kind of staggered sell strategy, because you don't want to be selling all of your GUSDC. If you expect GUSDC to increase in price against USDC, which is a yielding asset, we think it would. You don't want to sell all of your G USDC right away. You want to be selling maybe bits of it as the price goes up.
Maximizing Returns as LP
And of course, as an LP, that's one of the things you're here to do, is you are agreeing to sell in exchange for trading fees. It's one of the simpler things you can do, but it's a great way of trading price within a pool and also getting a better deal as an LP so that you're maximizing the returns you get as you sell your token over time. Yeah, thanks. Sorry, are you over? Yep, over. Awesome.
Providing Liquidity in DeFi
I think one thing to always remember is right when, whenever you provide liquidity on any dexs, you are the counterparty of the traders. So you always want to make sure that you're programming your liquidity in the like and preparing for when a market swings or changing directions, your liquidity will be swapped out. And I think in this case, since the GSD always have yield accrued into it, the price was expected to always go up. And this shape is specifically bespoke for that. And speaking of yield, it's actually one of our today's Twitter Space X Spaces topic, which is the yield strategy, Brian. Or B, I know GSDC offers a native yield from the vault, which is a great opportunity for any deFi users that's holding USDC to take advantage of. Can you walk us through where this yields exactly coming from and how they impact the price of GSDC? I know we talked spoiled a little bit, but why should users hold USDC for the long term or how should they use it?
Understanding GUSDC Token Dynamics
Absolutely. So let's make it really simple. Basically, the GUSDC token is a deposit in our liquidity vault for traders to pull collateral from, right? So when your traders are trading and they put a big position in, some of that's going to be covered by the liquidity available in the vault. Now let's separate that further between our over collateral layer, which is protocol owned collateral, and the GUSDC underneath. So stakers accrue value through traders trading, they earn fees. GUSDC token goes up and they're protected by the over collateral layer on top of that. So most of the trading occurs in that over collateral layer, and most of that liquidity that gets pulled for wins, or in other cases it losses when it gets put back. That's all happening above the G USDC stakers. So they're very safe, they're very protected. And historically, if you go into our dune, which is available on our against trade website, on our DAP, right, you'll see that historically, the price of our G token vault assets is just a gentle slope up, just kind of how your liquidity pool is set up.
Safety Measures and Market Dynamics
As Doctor Steele had shown, the ramping to match how the G USDC token behaves over time, because it's just a slow and steady grind up as traders trade more traders trade higher yield on the g tokens. So really that's the GUSDC token in a nutshell. It's just pulling from traders fees and offering a base layer of liquidity that is protected by the over collateral layer. Now, hypothetically, if the over collateral layer was exhausted and the traders wins, for example, were to dip into the GUSDC, put into the vault by stakers, then our other token, GNS, the primary token of the platform, is minted and sold Otc to replenish. So the GUSDC stakers are very protected by multiple systems, right? And that's not even mentioning the systems on top. If we see trading conditions deteriorate, the team can adjust things to ensure that the over collateral layer remains healthy and put stops in place to prevent anything from running away.
Guarantees and Stability in GTrade
That said, that said, even with those kind of actions that might have to happen, GTrade has paid out every trader win, regardless of conditions. So we're really proud of that. And I can think of maybe once or twice when we've been under collateralized. However, since those points, we have become healthy in our vault again. So the system, the g token system, the GNS minting, the GNS, burning it all works together and has kept g trade solvent and afloat and functional for a number of years now. That's really good to hear. Thanks for break down the potential risk and how the design of the GUSDC volume USDC exactly mitigating those risks. And I love the sound of that. Every trader wings.
Exploring Additional Yield Opportunities
But now, Matt, from the maverick side, are there any additional yield layers or additional perks to, like, let's say, if I deploy USDC or GSDC into the maverick pools or boosted positions, could LP's potentially earn more than one layer of yields? On top of what USDC already natively has. Yeah, I mean, I think we've already kind of gestured this, but to kind of go over it in a bit finer detail. To my understanding, a token like GUSDC, when you're adopting a strategy like this, you want to be part of a yield bearing strategy like what gains trade is offering, but you also want to have a token that you can go do more with. And this is kind of what we love about DeFi. People talk about. I always love, it's the only time in my life I get to say this word, but people love talking about rehypothecation. But it's this ability we have with all of the composable layers of DeFi to kind of get involved with bond strategy, but have a kind of what we might call a receipt token and be able to go do more with that in order to kind of stack our strategies and hopefully stack our yield.
Liquidity Provider Strategies
And so the simplest thing to do when you have a token like GUSDC is to go and put it into Adex and become a liquidity provider. And essentially what you're hoping to do is park it there and earn some trading fees on it. The idea over time you earn some trading fees from being an LP. Comes a day when you decide you want to cash out, you pull your G USDC and or USDC out of that pool and then you go and maybe redeem your G USDC from the vault. Right? So simple kind of strategy, something like a boosted position then represents a way to add a further layer of yield on top of that. So the boosted position on Maverick right now between USDC and GUSDC has some token incentives on it. These get shared between LP's in that particular boosted position. So if they choose to kind of take the offer made by gainstry that BEA was pointing out, take the guesswork out of it. Come and join their strategy on Maverick.
Maximizing Yield Through Boosted Positions
As an LP. In that boosted position, you stand to earn LP fees and then you also get a share of the incentives currently directed to that boosted position Maverick. Then since v two offers its own kind of boost to those incentives to LP's and boosted positions. So the maverick flywheel emits Maverick tokens every epoch to match raw incentives sent to boosted positions like the one we're talking about, which further enhances the rewards that LP's in that boosted position can enjoy while they're part of that strategy. Awesome. So it sounds like you really get exposure to four layers of yield opportunity, supplying liquidity using GSD on Maverick like first is GSDC's native yield.
Diverse Yield Opportunities in GSDC
Then you get a fee layer of fee which is going to pay out in GSDC, USDC or one or the other. Then you get, if you sublimate a boosted position. Now I think on base you get USDC. And within a few days when the epic eight ends, you will get map rewards emissions to the boosted positions where you can get the map rewards number four layer of yields and even boosted rewards by staking map. That's really cool. All right, looking ahead, I think this is a question for all three speakers. We've seen GWSTC USDC boost position on both base and arbitram.
Multi-Chain Liquidity Strategies
So maybe I'd love to ask this question for all three of you. So what's your take on the multi chain guild and liquidity strategies? Brian, maybe it's more for B. From a project's perspective, how do you view, what's your view of this cross chain strategy? And maybe like a take on. Yeah, I'll start with this first. Okay, well, if I may be candid here, we do see some challenges with deploying cross chain. I would just start off with the two challenges that we have sort of run into right now. Well, first of all is the bridging process, right? And it's not, let's be honest, it's not super user friendly.
Challenges in Cross-Chain Deployment
And I often think of the experience of bridging kind of like this. Okay, it's a silly example, but I think it really illustrates the pain points for having users having to like bridge their liquidity overdose to a different chain. It's kind of like you have a house, but the thing is your house with this house, like, not everything is built into this house. Your kitchen is actually somewhere else in a different house.
Accessing Resources Across Different Houses
Maybe your washroom is also somewhere else in a different house. So anytime you need to cook something, you need to go to the washroom. You actually have to physically get out of your house and then get into a different house to use your kitchen. In some ways I find for as an liquidity provider or coming from EO farmers point of view, it's a pain to have to bridge my liquidity somewhere else. And what comes with this is also not every chain has a great, I would say, like, network effect. For me personally, I would say most of my farming happens on arbitrum. And because there are just so many opportunities, so many options for yield, in fact, it's pretty easy to build a pretty elaborate defi lego right on arbitrum. That is just not something that we are seeing right now on base. And I would say that is a challenge that we are seeing today.
Challenges in DeFi Protocols
There's just like fewer defi protocols and also way less variety. Last time I checked, I believe, like, there were under 25 or 23 protocols that have more than $10 million worth of TVL, which is quite an important. This is an important problem for farmers, especially for whale farmers, because imagine this, your whale farmers say you have like 500k in USDC, and you take it to base with you and you see a pool that has like a million dollars worth of TVL with like pretty decent APR, let's say like 20%. But what happens if you deposit your 500k into that pool? Like, it instantly would drop the yield to like a way less attractive APR. So it's not the most ideal environment for eo farmers. And I would like to just say this, that a lot of people talk about how on arbitram, they're spending way too much money on like attracting eo farmers and incentivizing defi protocols.
Strategies and Opportunities in DeFi
But I really think that this is actually a strategy of arbitrum because they have now created this like amazing network effect. There are plenty of defi options. There are plenty of defi farmers. Like, whenever you see an APR of like 18%, 20% on stablecoin, like, it would instantly get filled up and the APR would drop to a more reasonable level. But that is just not what we see right now on base. So the question is, why are we on base right now? Well, at gains, we are looking at the long term trajectory. If I were to summarize, like, our strategies on base, I would say, first of all, deploying on base, this is an opportunity for us to tap into Coinbase's supermassive distribution, the largest exchange in the US, and not just for us, also a global company. So this is an opportunity for us to tap into that and also just there on ramp and their smart wallet infrastructures, these things are designed to basically onboard their massive user base.
User-Friendly Applications and Future Narratives
So we're really betting on Coinbase to bring in the masses there. And also, one more thing. Ace is also one of the very few that is laser focused on building apps that are super user friendly. And I think this is going to be a very important narrative as we go into 2025. That's a really interesting point. I think. I guess I never thought about from a user friendly, app building perspective. That's really interesting. I guess I would direct a question to Matt next. Sure. Of all the many great points bea just made, I would really echo that something of all of the things, the reasons to kind of be bullish on base or be excited about base, something that I've tried recently that I think it still has some kinks to work out, but it's really exciting is the smart wallet.
Onboarding New Users into DeFi
And if people here haven't, like people listening to this base, haven't gone and fooled around with the Coinbase smart wallet, it really is starting to show the promise of that idea we have. I think we've been saying this for a year now, right? But this potential of base to onboard the quote unquote next billion users into deFi, just the fact that it can reach into your Coinbase account and pull the eth you need to perform transactions is so cool. And once it really kind of gets a bit, I think smoothed out is to be really important for helping kind of get non dgens, if you will, using dapps. So there's a, you know, it's kind of a sign that really big things are on the horizon.
Challenges of Multi-Chain Access
I think the original question was about multi chain stuff, and in general, I kind of echo again a lot of the stuff bea was saying. You know, Maverick's in a kind of an interesting position because we are a multi chain Dex, but we still kind of, that still involves a lot of the kind of challenges I think Bea was talking about, where it's almost like we have like six houses or something like that people have to move between. It's nowhere near as kind of, say as complicated, as exciting as a smart wallet. But we did quite recently update the Maverick front end such that it actually makes it really easy to get a multi chain view of the Dex. And so it's actually very straightforward.
Improving Multi-Chain Viewing and Opportunities
Now, I think it doesn't require any switching in your wallet to be able to look at all the pools and boosted positions on Maverick across all six chains where it's live, which does make it more straightforward to, say, compare yield opportunities. If you're holding a token that's available on several chains, Maverick makes it easier to see where the higher aprs in Maverick pools are for that token. The Mav token itself uses layer Zero's oft technology, so it's actually somewhat more easily bridgeable than other tokens, which we like to think makes the ecosystem a little bit friendlier for people who want to multi chain. It means, Ada alluded earlier to the fact that there is this staking mechanism in Maverick. You can stake Mav tokens into the contracts to get Vemav, and amongst other things, that can get you a boost as an LP.
Staking and Yield Strategies
Well, if you've earned Mav token on say base, but you actually want it. You can actually take that very easily over to arbitrum and stake it there to start building your yield strategies there. So we have some kind of some features that are gesturing towards this, but I think I share what I took to be b sentiment that in some ways we're still in early days on true multi chain potential. Awesome. Thanks. And we got a lot covered today and we're actually past the previous time about a few minutes. So before we wrap up, I have to ask this question. Any alpha you guys want to share with the audience today, what's next for Gantz trade and Maverick in the upcoming months or weeks?
Upcoming Features from Gant Trade
Sure. Well, I think in the initial very near term you should see some reduced spread on some major assets on Gtray as well as some lower fees. So we're always trying to be more competitive and you can expect us to continue to refine the product and continue to become even more competitive and deliver the sex like experience on chain on a Dex at GTrade. Awesome. Matt, anything to add? And B. We're both being too polite. Do you have anything to add, b no, it's good. You go Maverick.
Future Developments in Maverick
We're continuing to push Maverick V two, so we're reaching out to more token projects, getting more integrations, creating more opportunities for LP's on Maverick to find boosted positions with interesting tokens where they can gain yield. We're also looking at a bunch of builders, both within our community and without, who are working with things like programmable pools to create smarter liquidity. One of the things we're actually quite excited about right now is members of the community are currently building a fair launch platform built on Maverick Ammdeh, which we're really excited about. I think obviously we know that 2024 has sort of been the year of meme coins, and so that fact that people are interested in leveraging the power of Maverick Amm to kind of facilitate that community need is something that we're really excited about, and I'm excited to see how that pans out.
Wrapping Up the Discussion
Nice. On that bullish note, I'd like to thank you all for joining this insightful discussion. Please be sure to check out the GSUSDC pool on Maverick and follow both scans trade and Maverick protocol on X or Twitter for more updates on the multichannel liquidity and yield strategies. Maverick. We will post a recap thread in the next day or two, so stay tuned for more. And thank you guys. Thank you Bea, Brian, and thank you, Matt for today's conversation. Thank you, thank you so much.
