Maverick Protocol Raised $9 million Led by Founders Fund

Maverick Protocol, a project focused on DeFi infrastructure, raised $9 million in a round led by Founders Fund.

A bevy of top crypto investors also participated, including Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto.

According to an announcement today, the firm will focus on building more-efficient liquid staking token infrastructure to tackle cross-chain liquidity breakdowns. It will use the fresh injection to grow the protocol, incorporate new chains, and attract new developers and projects to its ecosystem.

Maverick launched its own decentralized exchange in March — which, so far, has amassed $37 million in total value locked, according to today’s announcement.

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