EthereumNews

Trader Joe’s franchise Merchant Moe partners with Mantle for defi expansion

1 Mins read

Trader Joe’s decentralized exchange franchise, Merchant Moe, has announced a significant partnership with Mantle, a rapidly growing DAO-led web3 ecosystem. 

This partnership revolves around the Ethereum Layer 2 Mantle Network and Mantle Liquid Staking Protocol, aiming to enhance users’ trading and liquidity provision experience.

Merchant Moe’s innovative Liquidity Book protocol is the first of its kind, representing a new breed of Automated Market Maker (AMM) that offers concentrated liquidity. According to the network, this will massively optimize capital efficiency and yield opportunities. 

Unlike traditional AMMs, Merchant Moe’s system allows users to concentrate their liquidity within specific price ranges, enhancing the token trading experience and maximizing fee earnings for liquidity providers with reduced capital requirements.

The Merchant Moe protocol is governed by the MOE token, which provides voting power to the users, enabling them to influence the liquidity distribution on the platform. This is facilitated through gauge voting and a bribe system, using veMOE to empower the community’s participation in shaping the platform’s liquidity landscape. The protocol also reached a new milestone this week, surpassing a TVL of $25 million. 

With the launch of Merchant Moe, several key offerings are unveiled, including a Version 1 AMM, a MOE airdrop for JOE stakers, and various staking and farming opportunities.

0xMurloc, the co-founder at Merchant Moe, expressed optimism about the partnership, stating, “Mantle Network is building a truly novel defi ecosystem. Merchant Moe will fit right in by bringing a top-tier DEX experience and becoming the liquidity hub for all these defi offerings.”


Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.