Token Symbol: MAV3L
Brief:
Maverick is a composable decentralized finance infrastructure that enables builders and liquidity providers to achieve high capital efficiency and execute their desired Liquidity Providing (LP) strategy. MAV is Maverick Protocol's native utility token, and can be used for the following functions: 1.Governance. MAV token holders can stake to receive veMAV, which will be used to vote on protocol governance decisions. 2.Voting. veMAV will provide community voting rights, including allocating protocol incentives to particular pools or positions within Maverick AMM.
MAV3L is a leveraged token that goes long on MAV with 3x leverage, which means that for every increase in the price of MAV in the market, the leveraged MAV token seeks a 3x increase in its price. MAV3L is required to maintain its target leverage and does so through dynamic rebalancing to gain a net value increase by 3% when the price of MAV goes up by 1%.
Due to such rebalancing and investment costs, MAV3L may suffer a net value loss when the market fluctuates. Please note, AscendEX’s leveraged tokens are not suitable for long-term investment. Investors must be cautious while investing in leveraged tokens and manage their investment risks in a timely manner.
Official Website：https://www.mav.xyz/
Whitepaper：https://docs.mav.xyz/
Risk Disclosure:
Leveraged tokens differ from regular tokens for spot trading in that there is higher risk and volatility, which could bring about great returns or losses in a single day. Please learn more about leveraged tokens in our help center before making an investment.