Merchant Moe: The Liquidity Hub for Mantle Network
The Mantle Emergence
The recent surge in Layer 2 adoption has been the catalyst for a brand new era of DeFi advancements. As these ecosystems have begun to flourish, one in particular has emerged as a beacon of innovation — Mantle Network. With a focus on nurturing new and exciting DeFi technology, Mantle Network has carefully crafted an ecosystem that features all the building blocks needed to fuel this next generation of DeFi innovation. As more and more builders sign on to bring cutting-edge tech to this chain, the greater the need for the ecosystem to find a cutting-edge, value aligned Decentralized Exchange (DEX) to facilitate this growth. This is where Moe comes in.
Merchant Moe — a Trader Joe Franchise
In full alignment with Mantle Network’s mission of building a DeFi hub, we introduce Merchant Moe, a Trader Joe franchise. Bolstered by an investment from the Mantle EcoFund, this venture is a testament to the powerhouse ecosystem being cultivated here. Mantle Network has a vision for a deeply connected DeFi ecosystem, and as a seasoned trader and journeyman himself, Merchant Moe is the perfect candidate to help bring this to fruition.
Although built with the same robust technology as Trader Joe, Merchant Moe is distinct and purpose-built for the Mantle Network. It's an entirely new venture, with unique features and offerings tailored specifically to serve the Mantle Ecosystem.
As a fully native DEX, Merchant Moe will be well positioned to adapt to Mantle's evolving needs. We will strategically tailor our platform and offerings to contribute towards the culture and growth of the network, ensuring true value and incentive alignment with the ecosystem.
Working closely with the Mantle team, Merchant Moe is set to serve as a central trading and liquidity hub in the Mantle Ecosystem. This effort is underpinned by a deep liquidity and growth partnership, with liquidity support from the Mantle treasury given in accordance with the MIP-28 proposal.
Merchant Moe will be supported by Mantle Network as a leading native DEX in the ecosystem. We are fully committed to fostering growth, supporting new projects, and serving all ecosystem participants. Merchant Moe aims to become this ecosystem’s go-to DEX platform, a trader’s oasis amongst the bustling DeFi markets on Mantle Network.
A New Cornerstone in the Mantle Ecosystem
Merchant Moe will be equipped with Liquidity Book, a novel liquidity protocol powering high-efficiency liquidity provision and a market-leading swap experience. Liquidity Book reduces costs for traders, executing swaps on-chain with zero slippage, and amplifies fee-earning potential for liquidity providers all while requiring less capital. Liquidity Providers and Traders alike will feel at home with Merchant Moe.
Merchant Moe will also feature a new gauge voting and bribe system, taking a more decentralized approach to liquidity incentivization and emissions. Staking MOE on our platform will both earn you stablecoin yield via sMOE, while also accruing voting power in the form of veMOE. These votes will direct the emissions of $MOE tokens to the various liquidity pools on the platform. Voting Reward Pools are the final piece of the puzzle, allowing interested parties to add extra incentives for your votes.
With a proven track record of delivering innovative DeFi solutions, the Merchant Moe team brings unparalleled expertise and a commitment to shipping exceptional products. With Liquidity Book in hand, Merchant Moe promises to deliver an efficient and rewarding DeFi experience for every participant in the ecosystem.
Rewarding JOE Holders
Merchant Moe was born from the same Trader Joe family and so to recognize this, the only way to acquire $MOE tokens at the initial launch, will be through holding $JOE tokens.
The initial distribution of $MOE will only be accessible to $JOE token holders. This opportunity comes in two phases. Firstly, an initial distribution of 2.5% of $MOE's total supply. After this initial distribution, $JOE token holders can access an extra 5% of the total supply, distributed over one year. To participate in both phases, users must first move their $JOE tokens to the Mantle Network and then deposit their $JOE tokens into mJOE staking on the Merchant Moe platform.
More news to come on this in the next week(s).
Looking Ahead
Merchant Moe represents an exclusive commitment to the Mantle Ecosystem and all of its participants. You are invited to join Moe today to help shape the future of DeFi on Mantle Network. In a manner similar to Trader Joe, Merchant Moe will focus his efforts on advocating for his home ecosystem. Merchant Moe will be backed by Mantle Network and is dedicated to building a liquidity hub that will become the new cornerstone DEX of the ecosystem.
🧭 Now is the time to begin your journey with Merchant Moe — Join our Discord!
👉For more detail on the Merchant Moe Protocol, check out our documentation.