Earn Maverick Protocol (MAV) Tokens on Binance By Staking BNB and TUSD

The Binance cryptocurrency exchange has announced that Maverick Protocol (MAV) will be the next project featured on its Launchpool platform. This means that eligible users (KYC is required) will be able to earn MAV tokens by staking BNB and/or TUSD tokens.

The MAV farming period will begin on June 14, 2023 at 00:00 UTC and will last for a period of 25 days. The farming period will end on July 8 at 23:59 UTC.

Farm MAV tokens on Binance

Binance plans to distribute 30 million MAV tokens through the Launchpool program. This allocation corresponds to 1.5% of the token supply (2 billion tokens).

24 million MAV tokens will be distributed to BNB stakers, while the remaining 6 million MAV will go to TUSD stakers. The amount of MAV each user will receive will depend on two factors: the size of their stake in proportion to the size of the respective staking pool, as well as the staking duration.

In addition, Binance also says it will be listing MAV for trading in pairs against BTC, USDT and TUSD. The MAV / TUSD will be especially interesting, as it will launch with no maker fees. However, the date of the listing has not been announced yet — the exchange says MAV will be listed when it meets the exchange’s liquidity requirements.

Binance Launchpool is a great way to farm new tokens while taking on minimal risk. This is because users can choose to unstake their tokens at any time. Unstaked tokens become available for use immediately.

What is Maverick Protocol (MAV)?

Maverick Protocol is a project that’s creating an advanced AMM (automated market maker), which is a popular type of decentralized exchange. The protocol aims to deliver increased efficiency to LPs (liquidity providers) by providing different modes that LPs can utilize depending on market conditions.

The platform features four different liquidity modes, which are fine-tuned to perform in specific market conditions. For example, Mode Right is optimized for bullish markets, Mode Left is optimized for bearish markets, and Mode Both is optimized for sideways markets.

Maverick protocol implements MAV as its utility token. Users who stake MAV receive veMAV, which is used to vote on governance proposals.

Currently, Maverick Protocol is available on the Ethereum mainnet, where it can be used through the app.mav.xyz interface.

How to farm MAV tokens on Binance?

If you want to farm MAV tokens, the first thing you’ll need is a Binance account.

Create Binance Account

Please keep in mind that only users who complete an identity verification process with Binance are eligible to participate in MAV token farming on Binance Launchpool.

Once you account is ready, you’ll need some BNB or TUSD tokens to stake. If you already own these tokens, you can deposit some to your Binance account. Otherwise, Binance offers plenty of ways of buying these tokens with either crypto or fiat.

After your account is verified and loaded up with some BNB, TUSD, or both, head over to the menu in the top side of the Binance interface and select “Earn”. Then, go to “Launchpad”.

Then, scroll down to the “Launchpool” section and you’ll be able to find the available MAV farming pools. Depending on which tokens you want to stake, select the TUSD Pool or the BNB Pool. Then, follow the instructions provided by the exchange.

Please note that the image above displays the farming pools for SUI, the previous project featured on Binance Launchpool. Since this article is being published before the launch of MAV farming, the Binance website doesn’t yet display the available farming pools for MAV. However, the process for MAV farming will be very similar as what we’ve seen with previous Launchpool programs.