Trader Joe’s franchisee Merchant Moe partners with Mantle for DeFi expansion
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Trader Joe’s decentralized exchange franchisee Merchant Moe has announced a major partnership with Mantle, a rapidly growing DAO-led web3 ecosystem.
This cooperation revolves around Ethereum’s second-layer Mantle network and Mantle Liquid Stake protocol, aiming to enhance users’ trading and liquidity provision experience.
Mo’s merchant The innovative liquidity ledger protocol is the first of its kind and represents a new type of automated market maker (AMM) that provides centralized liquidity. According to the network, this will optimize capital efficiency and revenue opportunities at scale.
Unlike traditional AMMs, Merchant Moe’s system allows users to concentrate liquidity within specific price ranges, thereby enhancing the token trading experience and maximizing liquidity provider fee income with reduced capital requirements.
The Merchant Moe protocol is governed by the MOE token, which provides voting rights to users, allowing them to influence liquidity distribution on the platform. This is facilitated through a metered voting and bribery system, using veMOE to empower the community to participate in shaping the platform’s liquidity landscape.The agreement also reached new milestone This week, TVL surpassed $25 million.
With the launch of Merchant Moe, several important products have also been launched, including version 1 AMM, MOE airdrop for JOE stakers, and various staking and mining opportunities.
0xmurlocMerchant Moe co-founder expressed optimism about the collaboration, saying: “Mantle Network is building a truly novel DeFi ecosystem. Merchant Moe will integrate into it by bringing a top-notch DEX experience and becoming the liquidity center for all these DeFi products .”
