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Maverick Protocol launches Goose.run to bring MemeFi to Base

Maverick Protocol launches Goose.run to bring MemeFi to Base

GrafaGrafa2024/12/10 09:20
By:Liezl Gambe

Maverick Protocol has introduced goose.run, a platform aimed at integrating decentralised finance (DeFi) with memecoins on Coinbase’s Base network.

Goose.run is designed to offer a decentralised solution for lending and borrowing against memecoins, bringing new functionalities to Base that were previously seen on platforms like Solana's (CRYPTO:SOL) Pump.fun.

In addition to liquidity bootstrapping for new tokens, goose.run will allow users to engage in lending and borrowing against memecoins, which could enable tokenholders to leverage their assets.

“There’s certainly other folks that have tried, but none of them really gotten traction,” Bob Baxley, a Maverick contributor, highlighted, noting that Base is a promising environment for memecoin platforms.

Base has been growing rapidly, with its total value locked (TVL) nearing $4 billion as of December 9, 2024, positioning it as the largest Ethereum layer-2 network.

Goose.run is also exploring ways to gamify memecoin trading and plans to add video broadcasting features, creating an opportunity for content creation alongside capital formation.

A key distinction of goose.run from traditional DeFi lending platforms, such as Aave, is that it uses the platform’s pool as the counterparty for borrowing, allowing loans from day one of a token’s listing.

This offers a streamlined experience for memecoin holders looking to take leveraged positions.

Memecoins are gaining traction as an emerging asset class, with a total market capitalisation surpassing $128 billion.

According to Cryptonary, institutional holdings of memecoins reached over $200 million in May 2024, marking a significant increase.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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