Mercurial is a DeFi project that offers dynamic vaults, which are market-making vaults providing low slippage swaps for stables. The project was launched in May 2021.
Mercurial provides liquidity for stablecoin trading on the Solana blockchain. Mercurial's competitive edge is low slippage swaps for stable pairs, dynamic fees, and flexible allocation to external platforms to earn additional yield. Liquidity providers for Mercurial's vaults earn transaction fees.
Mercurial generates revenue from transaction and commission fees. The native token of Mercurial is MER, first issued in May 2021. The total supply of MER is 1B. Mercurial's investors include Alameda Research, Sino Capital, Defi Alliance, Solana Foundation, and Delphi Digital, among others.
Net Token Dilution