Maverick V1 Review 2026: Capital-Efficient AMM on Four Chains

Maverick V1 is the first version of the Maverick Protocol's automated market maker, a decentralized exchange. DefiLlama lists it under DEXs and describes it as DeFi infrastructure aimed at higher capital efficiency and greater capital control in the liquidity market. It has been listed since March 2023.

It runs on zkSync Era, BNB Chain, Ethereum and Base. DefiLlama shows about $1 million in total value locked, up 0.7% over seven days. A search snippet says zkSync Era holds the largest share, at 69.5%.

The project's own documentation now covers both V1 and V2, and a Maverick blog post frames V2 as the focus. That makes V1 best read as a legacy or established product rather than the project's growth bet. The homepage tagline promotes LiquidityOS, with lower swap gas and more order flow.

Maverick V1 is an automated market maker. Instead of an order book, traders swap against pools of tokens supplied by liquidity providers, and prices move with the pool's balance.

Maverick's pitch is capital efficiency and capital control. Per the project's description, its AMM lets liquidity providers direct where their capital works, so less of it sits idle at prices where nobody trades. Technical details are in the V1 whitepaper and contract documentation.

Liquidity providers earn a share of swap fees in return for taking on price risk. The MAV token and its voting-escrow form, veMAV, are tied to governance and incentives, though the model has been updated since V1 launched.

Specific fee tiers and protocol revenue figures for Maverick V1 are not. Swap fees on an AMM are normally set per pool and shown in the interface before you confirm a trade.

You will also pay network gas on whichever chain you use. Check the pool's fee and the gas estimate in your wallet before swapping or adding liquidity.

DefiLlama lists two audits, and the project's security page says the Maverick V1 AMM contract has been audited repeatedly by auditing firms and that issues found were addressed. The audit firms and reports are not named, so readers should check the security page directly.

As a DEX, Maverick is non-custodial: you keep your assets in your own wallet except for tokens deposited into pools. The main risks are smart-contract bugs, impermanent loss for liquidity providers, and thin liquidity on small pools. No incidents are mentioned publicly, but absence from public sources are not proof of none.

Maverick V1 is for DeFi users comfortable with self-custody wallets who want to swap or provide concentrated-style liquidity, and for researchers studying AMM designs. It is less suited to traders needing deep liquidity on large orders or newcomers who want a single, current product.