Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list MAV and support deposit and withdrawal & Automated Market Making (AMM) on Jun 29, 2023 (UTC). And its trading pair MAV/USDT will be available on the same day.
1. Deposit: 03:00 Jun 29, 2023 (UTC)
2. Withdrawal: 03:00 Jun 29, 2023 (UTC)
3. Trading pair: MAV/USDT
4. Opening method: Call Auction
a. Call Auction
03:00-03:50 Jun 29, 2023 (UTC)
Orders can be placed and canceled
03:50-04:00 Jun 29, 2023 (UTC)
Orders can be placed but cannot be canceled
04:00 Jun 29, 2023 (UTC)
The Maverick Protocol is a directional automated market maker (AMM) protocol that improves asset liquidity and trading efficiency by introducing directional order books. Built on top of 0x, the protocol utilizes 0x's decentralized exchange infrastructure. The Maverick Protocol introduces the concept of "directional order books" containing both buy and sell orders, matching and executing orders based on order direction.
Compared to traditional AMMs, Maverick Protocol can provide higher asset liquidity and lower slippage. It also supports more complex trades such as limit orders and market orders. The goal of Maverick Protocol's design is to build an efficient and low-cost decentralized trading environment. The protocol has been deployed on Ethereum mainnet and Polygon, attracting more assets and liquidity providers to join. In summary, Maverick Protocol is a promising new AMM solution worth the continuous attention of the crypto community.
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide a continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%, for market makers is 0.15%. VIP will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real-time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
Jun 28, 2023