Merchant Moe, a leading decentralized exchange (DEX) franchise of Trader Joe, proudly announced its strategic alliance with Mantle, the burgeoning DAO-led web3 ecosystem built around Ethereum layer 2 (L2) Mantle Network and Mantle Liquid Staking Protocol (LSP).
Designed and built to serve Mantle Ecosystem and its community as a fully native DEX, Merchant Moe provides a simplified trading and liquidity provision platform on Mantle Ecosystem. Merchant Moe has received seed investment from Mantle EcoFund, as part of Mantle Showcase. This funding enables liquidity support in accordance with MIP-28, facilitating pivotal growth and ecosystem integration.
Liquidity Book Protocol: A First-in-Market Concentrated Liquidity Market Maker
Featuring an innovative Liquidity Book protocol poised to transform the on-chain trading experience, Merchant Moe is a cornerstone trading and liquidity driver on Mantle Ecosystem. It introduces a new type of Automated Market Maker (AMM) that powers swaps on Merchant Moe, with unique mechanisms implemented to deliver capital efficiency and real yield opportunities.
Unlike traditional AMMs that spread liquidity across a wide price range, Merchant Moe’s Liquidity Book allows users to deploy their capital over their desired ranges. This drastically improves the token trading experience, streamlines costs and amplifies fee earning potential for liquidity providers with lowered capital requirements.
Yield Opportunities Abound With $MOE Staking
The $MOE token governs the Merchant Moe protocol. Offering holders access to expanded yield-accumulating opportunities, staking $MOE provides two-fold benefits: real yield derived from protocol fees via $sMOE, and voting power through $veMOE.
Merchant Moe’s gauge voting and bribe system via $veMOE empowers the community to shape the liquidity landscape on the platform. Users can use their votes to influence the distribution of $MOE emissions to various liquidity pools and earn additional yield based on their voting.
Merchant Moe: The Cornerstone DEX On Mantle
In recognition of its product-market fit and alignment to the Mantle community, Merchant Moe is a Mantle Showcase project — a program which highlights top-tier dApps on Mantle Ecosystem. Armed with a strong and compelling brand proposition, users enjoy an intuitive, easily navigable platform that keeps DeFi simple, accessible and engaging for all users.
The strategic alliance represents Merchant Moe’s full value alignment embedded in the product, tech and community incentives of Mantle Network. Lauding Mantle’s clear dedication to fostering a thriving DeFi ecosystem, Merchant Moe provides industry-leading DEX technology to maximize synergies with protocols, decentralized applications (dApps) and users within Mantle Ecosystem.
Carving A Distinct Path Forward
The launch of Merchant Moe unveils the following key offerings:
- 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
Recognizing the importance of a strong liquidity hub for growth and ecosystem building, Merchant Moe’s user-friendly platform strengthens Mantle Network’s appeal to traders and liquidity providers with unique features and a distinct, tailored identity that seeks to unlock the boundless potential of DeFi on Mantle.
“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. 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,” said Edmund Chua, ecosystem researcher at Mantle.