Mantle

Merchant Moe

<p class="is-style-lead">Trader Joe’s decentralized exchange franchise, Merchant Moe, has announced a significant partnership with Mantle, a rapidly growing DAO-led web3 ecosystem.&nbsp;</p> 
<p>This partnership revolves around the Ethereum Layer 2 Mantle Network and Mantle Liquid Staking Protocol, aiming to enhance users’ trading and liquidity provision experience. </p> 
<p><a href="https://merchantmoe.com/" target="_blank" rel="noopener">Merchant Moe’s</a> 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.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The <a href="https://twitter.com/MerchantMoe_xyz?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@MerchantMoe_xyz</a> launch is huge for Mantle users: cheaper swaps/boosted LP fees!<br><br>They're also bringing in new users, that's why we rushed to make vaults for their farms<br><br>Tell all of crypto, <a href="https://twitter.com/0xMantle?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@0xMantle</a> offers DeFi Summer-sized yield, all in one place at <a href="https://t.co/ofb9ulekPR" target="_blank">https://t.co/ofb9ulekPR</a> <a href="https://t.co/7ikewcMFA0" target="_blank">pic.twitter.com/7ikewcMFA0</a></p>— Circuit Protocol (@circuitprotocol) <a href="https://twitter.com/circuitprotocol/status/1745243607928558076?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>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.</p> 
<p> You might also like: <a href="https://crypto.news/robinhood-to-add-support-for-spot-bitcoin-etfs-as-soon-as-possible/"> Robinhood to add support for spot Bitcoin ETFs ‘as soon as possible’ </a> </p> 
<p>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 <a href="https://twitter.com/MerchantMoe_xyz/status/1745461812076921038" target="_blank" rel="noopener">milestone</a> this week, surpassing a TVL of $25 million.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Merchant Moe celebrates a major milestone by surpassing $25m in Total Value Locked.<br><br>This marks the first step in a journey towards becoming the central liquidity hub and cornerstone DEX on the Mantle Network. <a href="https://t.co/SJCujbzRjH" target="_blank">pic.twitter.com/SJCujbzRjH</a></p>— Merchant Moe (@MerchantMoe_xyz) <a href="https://twitter.com/MerchantMoe_xyz/status/1745461812076921038?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>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. </p> 
<p><a href="https://twitter.com/0xmurloc" target="_blank" rel="noopener">0xMurloc</a>, 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.”</p> 
<p> Read more: <a href="https://crypto.news/coingeckos-x-accounts-breached-by-hackers/"> CoinGecko’s X accounts breached by hackers </a> </p>

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

crypto.news

Other articles published on Jan 11, 2024

This analyst says Ethereum will hit $3,500 soon as ETH breaks above $2,600

Pepe Price Explodes With Ethereum After Spot Bitcoin ETF News - Which Meme Coins Are The Next ETH...

Web3 Sports Fantasy Manager Maincard.io is Breaking into Esports with Big-Name Partnerships

Meta Force and Lado Okhotnikov Presented a New Program GameAF: Play and Earn Crypto in the Metaverse

Vanguard Refuses to Offer Bitcoin ETFs on Their Platform!

Ethereum Founder Praises Optimism RetroPGF’s Distribution of Over $100 Million

Join our free newsletter for daily crypto updates!