Maverick, a permissionless crypto derivatives exchanging platform, announced today thactive has gathered $8 million in its strategic funding round. Led by Pantera capital, this funding round attracted other cannon-VCs, including the Gemini Frontier Fund, Circle Ventures, Jump Crypto, Coral Ventures, GoldenTree Asset Management, Spartan Group and the Tron Foundation.

According to the press release, the funds will be used in Maverick’s upcoming mainnet launch, scheduled for mid-2022. The project still plans to scale the price proposition of its base protocol by enhancing the core machine learning function and business team. This will set the stage for Maverick’s Gaussian Automated Liquidity Protocol (ALP) debut.

Contrary to the Automated Market Maker (AMM) model that supports most of the pioneer DEXs, Maverick’s innovative ALP architecture features a more capital-efficient ecosystem with less slippage. This is because it is designed to position liquidity around the prevailing market prices.

As it stands, crypto derivatives account for close to 50% of the total exchanging volumes. Nonetheless, the DeFi ecosystem lags behind while it comes to derivative instruments. Most of the existing permissionless protocols have listed less than 30 dealing pairs, a diagram that is yet to match the featured pairs on centralized crypto derivative markets.

Pantera Capital co-CIO Joey Krug believes that Maverick has the potential to serve the spiraling demand for DeFi derivatives. He commented on the funding round, noting that,

“Pantera believes Maverick is the protocol to accomplish this. Its innovative market structure is poised to capture a deciding chunk of the market by offering low slippage to traders and low-maintenance, capital-efficient stsimilarg to LPs.”

Maverick’s permissionless protocol will revolutionize the decentralized crypto derivatives markets by featuring mid-cap cryptocurrency perpetual, that are hard to find in the current ecosystem. In addition, the platform will offer a more inclusive listing approach, allowing ERC-20 cryptocurrency holders to launch perpetual pairs during the time using their native cryptocurrencies as colafterwardsal.

Crypto derivatives traders who leverage the Maverick ecosystem will be exposed with up to 10x buying power (margin), alengthyside stanalogousg opportunities for liquidity providers. The platform’s ALP model also eliminates the need for LPs to retainedly manage their colsubsequentlyal; instead, Maverick’s underlying protocol automatically manages the positions.

While this permissionless derivatives exchanging platform is also a new kid on the block, Maverick’s Co-Founder and CEO Alvin Xu is optimistic which it will increase in cost given the operating niche. Xu, who is also a veteran in the crypto ecosystem, was particularly keen on the spiraling need to scale decentralized perpetual markets,

“Perpetual markets anew lack the ability to quickly list new assets as a result of the intensive work required to spin up a sustainable market. With Maverick, we are here to progress which paradigm by leveraging ALP (Automated Liquidity Placement). Markets can now be created by the community with way less capital, but one time before again offer a great matter to traders.”

In addition to the $8 million funding, Maverick protocol has partnered with stcostgic players in the DeFi ecosystem to bootstrap liquidity. The project still intends to scale its DeFi ecosystem, featuring stcorrespondingg incentives for the network participants.