Maverick Protocol (MAV) is a composable decentralized finance (DeFi) infrastructure that enables builders and liquidity providers to achieve high capital efficiency and implement their desired Liquidity Providing (LP) strategy. The protocol comprises several components, including Maverick AMM, the first Dynamic Distribution AMM. This AMM is a smart contract that allows users to place liquidity in arbitrary distributions and automatically moves users' liquidity to follow price changes.

Additionally, Maverick Protocol offers "Boosted Positions," another smart contract that allows protocols to add token rewards to specific dynamic distributions to attract liquidity. The protocol also includes a "Voting Escrow" that facilitates voting on Boosted Positions and Maverick governance.

The MAV token is primarily used for governance within the Maverick Protocol. MAV token holders can stake their tokens to receive veMAV, which is used to vote on protocol governance decisions. In particular, veMAV provides community voting rights, including allocating protocol incentives to specific pools or positions within Maverick AMM.

Maverick Protocol's infrastructure also has significant implications for traders, liquidity providers, and new protocols. Its highly concentrated pools offer competitive pricing with low slippage for traders, while its dynamic movement modes and non-uniform liquidity distributions add new degrees of freedom to a liquidity provider's toolkit. For new protocols, Maverick enables the use of precision incentives to shape global liquidity distribution to meet objectives.