Unlock

Unlock is a yield and governance protocol built on top of Maverick, with wrapping the non-transferable veMAV into transferable unkMAV as its core product. Maverick's vote-escrow model requires locking tokens for voting power and strips liquidity during the lock; Unlock takes MAV deposits and returns unkMAV, preserving voting rights and protocol fees while letting the receipt be sold or used as collateral, turning governance from a sunk cost into a priced asset.

The protocol pools the votes it gathers and directs them to the highest-yield pools in exchange for voting incentives, sharing them among participants, while rebalancing Maverick liquidity positions with quantitative models across risk tranches. unkMAV moves between Ethereum, zkSync, BNB Chain and Base through LayerZero's fungible cross-chain standard and can keep market making in boosted Maverick pools. Early figures showed roughly 28% of veMAV made liquid through it. Launched in July 2023, it framed itself as a Convex equivalent for Maverick and became one of the reference cases in governance aggregation.