Originally published on: December 09, 2024
Maverick Protocol is breaking new ground with the launch of a “MemeFi” platform on Coinbase’s Base network. Their platform, goose.run, aims to revolutionize decentralized finance (DeFi) for memecoins, offering functions like liquidity bootstrapping and lending/borrowing opportunities.
Bob Baxley, a contributor to Maverick Protocol, expressed excitement about the greenfield opportunity Base presents for memecoin platforms. With a total value locked (TVL) of nearly $4 billion, Base has quickly become a major player in the DeFi space.
Unlike traditional DeFi lending platforms, goose.run operates differently by allowing the pool itself to act as the counterparty for borrowing, making lending and borrowing available from day one of memecoin listings. This unique feature opens the door for tokenholders to explore leveraged long positions on memecoins.
In addition to its innovative lending features, Goose.run plans to integrate video broadcasting, turning memecoin launches into a creative capital formation tool for content creators. This move aims to gamify memecoin trading and attract a wider audience to the platform.
Fuelled by venture capital funding and growing interest, memecoins now boast a market capitalization of over $128 billion, signaling their emergence as a legitimate asset class. Institutional interest in memecoins has also been on the rise, with holdings reaching over $200 million in May.
As the memecoin market continues to evolve, Maverick Protocol’s MemeFi platform on Base network is set to play a pivotal role in reshaping the DeFi landscape for memecoins. Stay tuned for more updates on this exciting development in the world of decentralized finance.