Trader Joe’s notable decentralised exchange (DEX) business, Merchant Moe, has announced a strategic alliance with Mantle, a blossoming DAO-led web3 ecosystem, marking a major development in the decentralised finance (DeFi) scene. This partnership, which utilises the Mantle Liquid Staking Protocol (LSP) and the Ethereum layer 2 (L2) Mantle Network, represents a watershed point in the development of DeFi.
Innovating Trading with the Liquidity Book Protocol
Merchant Moe stands as a beacon of innovation in the DeFi space. Its Liquidity Book protocol, a first in the market, redefines the concept of concentrated liquidity market makers. This novel approach diverges from traditional Automated Market Makers (AMMs), offering a more nuanced and efficient method for capital deployment and fee generation, thereby refining the token trading experience and enhancing capital efficiency.
$MOE Token: A Gateway to New Yield Horizons
At the core of Merchant Moe’s ecosystem lies the $MOE token, a key to unlocking diverse yield-accumulating opportunities. Holders of $MOE are not only privy to real yield derived from protocol fees but also wield voting power. This empowers them to shape the platform’s liquidity landscape and earn additional yield through innovative gauge voting and a bribe system.
Merchant Moe: A Flagship Project of Mantle Showcase
As a celebrated Mantle Showcase project, Merchant Moe aligns seamlessly with the Mantle community’s vision, offering an intuitive and user-friendly platform. This strategic alliance underlines Merchant Moe’s commitment to delivering top-tier DEX technology, enhancing the synergy within the Mantle Ecosystem.
Key Features Unveiled by Merchant Moe
The launch of Merchant Moe introduces a suite of key features, including:
- V1 AMM
- $MOE airdrop for JOE stakers
- $JOE Bridge to Mantle
- $JOE staking on Merchant Moe
- MOE Farms, Gauge Voting & Bribes
- Liquidity Book – a concentrated liquidity platform
These offerings aim to cement Merchant Moe’s status as a robust liquidity hub, bolstering Mantle Network’s appeal to a diverse range of traders and liquidity providers.
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Voices from the Industry
0xMurloc, co-founder at Merchant Moe, shared his enthusiasm for the partnership: “Mantle Network is building a truly novel DeFi ecosystem. They’ve got a lot of building blocks in place like RWAs and LSTs that are creating a chain primed for innovation. Merchant Moe will fit right in with this ecosystem by bringing a top-tier DEX experience to the ecosystem and becoming the liquidity hub for all of these DeFi offerings.”
Edmund Chua, an ecosystem researcher at Mantle, also weighed in: “Mantle’s DeFi strategy is unequivocally focused on augmenting native yield capabilities with deep liquidity, and we’re thrilled to enhance the diversity of our liquidity offerings with the launch of Merchant Moe. To that end, Merchant Moe delivers on capital efficiency, in addition to bringing us one step closer to our shared goal of making DeFi accessible and seamless for users of all experience levels. Alongside an ecosystem-tailored, efficient DEX, we’re proving the might of token-governed technologies and concerted collaboration to proliferate growth of a truly novel DeFi ecosystem.”
About Merchant Moe and Mantle
Merchant Moe emerges as a sanctuary for traders in the vibrant world of Decentralized Finance (DeFi) on the Mantle Network. It offers a comprehensive and user-friendly Decentralized Exchange (DEX) experience, enabling users to trade a diverse array of tokens, engage in yield farming rewards, and explore the pioneering Liquidity Book. Aspiring to be the central liquidity hub in Mantle’s innovative ecosystem, Merchant Moe demystifies the complex world of DeFi, making it accessible to a broad audience.
Mantle Ecosystem, encompassing the Ethereum layer 2 (L2) Mantle Network, Mantle Governance DAO, Mantle Treasury, and Mantle LSP, is built on the robust foundation of Ethereum. It aims to pioneer the widespread adoption of token-governed technologies with its modular architecture and groundbreaking products like Mantle Network and Mantle LSP.
