Ethereum

Mantle

Merchant Moe

<div class="cryptonews">
 <p class="is-style-lead">Trader Joe’s decentralized exchange <a rel="noopener noreferrer nofollow" title="franchise" href="https://thebittimes.com/tag/franchise.html">franchise</a>, 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>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.&nbsp;</p>
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    <p lang="en" dir="ltr">The @MerchantMoe_xyz 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, @0xMantle offers DeFi Summer-sized yield, all in one place at https://t.co/ofb9ulekPR pic.twitter.com/7ikewcMFA0</p>— Circuit Protocol (@circuitprotocol) January 11, 2024
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 <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>
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 <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 milestone this week, surpassing a TVL of $25 million.&nbsp;</p>
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    <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. pic.twitter.com/SJCujbzRjH</p>— Merchant Moe (@MerchantMoe_xyz) January 11, 2024
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 <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>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.”</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-joe-s-franchise-merchant-moe-partners-with-mantle-for-defi-expansion-tbt76338.html">https://thebittimes.com/trader-joe-s-franchise-merchant-moe-partners-with-mantle-for-defi-expansion-tbt76338.html</a></p>

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

TheBitTimes

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