Maverick Protocol Completes $9M Strategic Funding Round Led by Founders Fund to Build More Efficient DeFi Infrastructure

NEW YORK–(BUSINESS WIRE)–Maverick Protocol, a decentralized finance (DeFi) infrastructure provider focused on unlocking new levels of efficiency, today announced it has completed a $9 million Series A financing round led by Founders Fund, a leading venture capital firm.

The financing round also included participation from major blockchain-focused venture firms Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.

Maverick Protocol will use the new capital to build on its existing DeFi infrastructure and develop products and services to unlock new levels of efficiency for both business and consumer use cases.

“We’re thrilled to have the support of leading venture firms like Founders Fund that recognize the opportunity DeFi presents and the value our protocol can bring to the space. We look forward to having the opportunity to continue to build on our groundbreaking infrastructure to unlock new applications and use cases for DeFi,” said Maverick Protocol Co-founder and CEO, Chen Sharon.

Maverick Protocol’s mission is to unlock new levels of scalability and efficiency for both business and consumer use cases, while also providing developers with a platform to create new, innovative blockchain applications.

“Maverick Protocol is creating a groundbreaking DeFi infrastructure with incredibly exciting use cases. We’re thrilled to have the opportunity to partner with the Maverick Protocol team and look forward to seeing the new applications they’re able to create with the new capital,” said Founders Fund Partner, Geoff Lewis.

Maverick Protocol is currently preparing to launch its mainnet, which is due to go live by the end of the year.

About Maverick Protocol: Maverick Protocol is a decentralized finance (DeFi) infrastructure provider focused on unlocking new levels of efficiency for both business and consumer use cases. The company’s mission is to provide developers with a platform to create new, innovative blockchain applications. Learn more about Maverick Protocol at www.maverickprotocol.com.

Robert Wilson
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