Maverick Protocol
Liquidity · Vaults · MAV
Maverick is a capital-efficient AMM whose Dynamic Distribution engine auto-shifts concentrated liquidity as price moves (modes: Right/Left/Both/Static), reducing manual rebalancing for LPs.
Dynamic-distribution AMM with automated liquidity modes.
Protocol TVL
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+6.7% 24h
Latest data · 15 min delay
Risks identified
- Smart Contract
Maverick's automated liquidity-shifting logic and Programmable Pool 'accessor' contracts are complex. Dedaub's audit of the PoolPosition contracts flagged a critical LP-share minting issue and a medium-severity reentrancy risk (since addressed), underscoring the contract-risk surface of the dynamic-distribution machinery.
- Collateral
Modes that follow price in one direction (Right/Left) or shift with price (Both) can convert an LP's position heavily into the depreciating asset and expose it to impermanent-loss / directional-loss dynamics; a wrong directional bet or a sharp reversal can realize losses relative to simply holding.
- Governance
veMAV concentrates governance and incentive-direction (emissions/gauge) power in the hands of the largest lockers. This can bias emissions toward pools that benefit large holders and create vote-buying / bribe dynamics around incentive allocation.
- Systemic
Long-tail and permissionlessly listed pairs on Maverick v2 can be thin. Low-liquidity pools are more exposed to price manipulation, high slippage and the amplified impermanent loss that auto-shifting concentration can produce in volatile, illiquid markets.