Merchant Moe partners with Mantle for defi expansion

The innovative partnership between Merchant Moe and Mantle, revolutionizing DeFi with concentrated liquidity and advanced trading solutions.
Merchant Moe partners with Mantle for defi expansion

Trader Joe’s, a well-known brand in decentralized exchanges, has started a new business through Merchant Moe, a subsidiary. Working together with Mantle, a dynamic, decentralized autonomous organization (DAO) at the forefront of the web3 space, is part of this calculated strategic move.

The Ethereum Layer 2 Mantle Network and the Mantle Liquid Staking Protocol, which are poised to transform the trading and liquidity provisioning industries, form the foundation of this collaboration.

A groundbreaking Automated Market Maker (AMM) concept, the Liquidity Book protocol is introduced by Merchant Moe. This invention promises concentrated liquidity, which will revolutionize yield improvement and capital efficiency.

The method used by Merchant Moe differs from conventional AMMs. It enhances the token trading experience and maximizes fee returns for liquidity providers with reduced capital requirements by enabling traders to concentrate their liquidity on particular price ranges.

Additionally, the protocol’s governance falls under the MOE token’s purview since token holders possess influence over the platform’s liquidity allocation thanks to a novel combination of gauge voting and a bribe mechanism utilizing veMOE.

The democratic structure encourages community involvement in determining the direction of the platform’s liquidity. The protocol recently commemorated reaching a $25 million Total Value Locked (TVL) milestone.

A Version 1 AMM, a MOE airdrop for JOE stakers, and numerous staking and farming opportunities are among the major characteristics that the debut of Merchant Moe portends.

Co-founder of Merchant Moe 0xMurloc voiced faith in the Mantle alliance. He highlighted Merchant Moe’s contribution to improving DEX and securing its place as the center for all DeFi products, as well as Mantle Network’s innovative work in the DeFi ecosystem.

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