Merchant Moe Announces Strategic Alliance with Mantle to Become Liquidity Hub for Ethereum Layer 2 Ecosystem
Merchant Moe, a leading decentralized exchange (DEX) franchise of Trader Joe, has proudly unveiled its strategic alliance with Mantle. Mantle is a DAO-led web3 ecosystem built around Ethereum layer 2 (L2) Mantle Network and Mantle Liquid Staking Protocol (LSP).
As a native DEX designed exclusively for the Mantle Ecosystem, Merchant Moe aims to provide a simplified trading and liquidity provision platform. The franchise recently secured seed investment from Mantle EcoFund, as part of the Mantle Showcase program. This funding will facilitate liquidity support in accordance with MIP-28, thereby fostering pivotal growth and ecosystem integration.
Merchant Moe introduces an innovative Liquidity Book protocol, redefining the on-chain trading experience. Unlike traditional Automated Market Makers (AMMs) that distribute liquidity across a wide price range, Merchant Moe’s Liquidity Book enables users to deploy capital over their desired ranges. This significantly enhances the token trading experience by streamlining costs and increasing fee earning potential for liquidity providers with reduced capital requirements.
To govern the Merchant Moe protocol, the $MOE token is offered to holders as a means of accessing expanded yield opportunities. By staking $MOE, holders can benefit from real yield derived from protocol fees via $sMOE and voting power through $veMOE. The gauge voting and bribe system powered by $veMOE allows users to influence the distribution of $MOE emissions to different liquidity pools, thereby earning additional yield based on their voting participation.
Merchant Moe has been recognized as a top-tier dApp on the Mantle Ecosystem through the Mantle Showcase program. With a strong brand proposition, Merchant Moe provides an intuitive and easily navigable platform, making DeFi simple, accessible, and engaging for all users.
The strategic alliance between Merchant Moe and Mantle signifies a remarkable value alignment, combining product, technology, and community incentives within the Mantle Network. By delivering industry-leading DEX technology, Merchant Moe maximizes synergies with protocols, decentralized applications (dApps), and users within the Mantle Ecosystem.
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, said 0xMurloc, co-founder at Merchant Moe.
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, said Edmund Chua, ecosystem researcher at Mantle. Merchant Moe delivers on capital efficiency to bring 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.
The launch of Merchant Moe marks a significant milestone, offering a strong liquidity hub for Mantle Network’s growth and ecosystem development. With unique features and a distinctive identity, Merchant Moe’s user-friendly platform strengthens the appeal of Mantle Network to traders and liquidity providers, unlocking the boundless potential of DeFi on Mantle.
As Merchant Moe and Mantle embark on this exciting journey together, the stage is set for true innovation, amplified liquidity, and the emergence of a thriving DeFi ecosystem.
