what's merchant moe?
Merchant Moe is a decentralized exchange (DEX) and liquidity hub built on the Mantle Network, serving as the primary platform for trading and liquidity provision within the ecosystem. Developed as an extension of Trader Joe's Liquidity Hub model, it aims to provide efficient swaps, farming opportunities, and governance through the $MOE token. Key features include classic AMM pools, veMOE voting for emissions and incentives, and full revenue sharing with stakers earning yields from protocol fees distributed as mETH. The platform has achieved significant milestones, such as $8 billion in cumulative trading volume and nearly $100 million in TVL, bolstered by community initiatives like Moe's Journey airdrops. Recent updates under the Ultrasound² roadmap include a 91% reduction in $MOE emissions, ongoing buybacks to counter inflation, and enhanced partnerships with Bybit and Mantle Network. Stakers currently enjoy around 28% APR, with expectations of further growth from ecosystem expansions and network upgrades like the Skadi Hard Fork.
Merchant Moe recorded $162.2M in 30-day trading volume by the end of Q4 2025.
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Mentioned as a bridge option for bringing wrsETH to Mantle for supplying on Aave.
wrsETH by KelpDAO went live on Merchant Moe.
Integrated Kelp DAO's wrsETH as collateral on Aave v3 with boosted rewards until 2026-03-18, and added wrsETH liquidity pools on Mantle network DEX.
Holds $61.6M TVL as Mantle's largest DEX in Q4 2025, with $162.2M in 30-day volume and over $5B cumulative volume.
Generated $4.26 million in fees during 2025.
Announces position as cornerstone dApp of Mantle Official in 2025.
Integrated USDT0 stablecoin on Mantle, launching USDT/USDT0 trading pair and liquidity pool.
Token buybacks continue with APR currently at approximately 23%.
Deploys custom pool architecture for Printr token graduation, with protocol fees from these pools continuing to flow to the platform and users able to create secondary pools through Liquidity Book or MOE Classic.
Buybacks execute daily with 30-day average APR currently at approximately 36%.
$cmETH token is now available on the platform.
$KING token is now available on the platform, with each token representing a share of a unified Ethereum restaking vault composed of ETH, EIGEN, and ETHFI.
$LEND token is now available on the platform.
Partnership with Printr announced to bring more tokens for trading on the platform on Mantle network.
Announces development of Liquidity Book V3, the next evolution of DLMM focused on ultrasound fee capture within Mantle ecosystem where $MOE captures ecosystem fees.
$COOK token is now available for swapping and liquidity provision on the platform.
A significant buyback transaction is scheduled to occur tomorrow.
$MOE token has gained 50% with rumors of significant upcoming changes to the platform.
Platform reaches $8 billion cumulative trading volume milestone.
Launches Ultrasound² roadmap with 91% reduction in MOE emissions and ongoing buybacks to eliminate inflationary pressure, while TVL reaches ~$90M.
Stakers earn 28% APR from complete revenue sharing, with yields expected to increase from Bybit-Mantle partnership.
MNT lists on Bitfinex while network completes Skadi Hard Fork upgrade, coinciding with 60% weekly DEX token surge.
New token launchpad token_mill launches on Solana, expanding ecosystem reach.
Emerges as top contributing protocol on Mantle with 160k active addresses and 65 deployed contracts.
MNT liquidity pools generate 125% APR from trading fees.
New Bybit On-Chain Earn integration launches with 1% APR for cmETH deposits plus 100,000 EIGEN token rewards over 30 days.
Bybit Launchpool introduces new off-chain liquidity source while $MNT token integrates with InitCapital and merchant platforms as collateral layer for capital flows.
New liquidity chain launches with multi-token yield generation protocols including mETH staking, FBTC for Bitcoin yields, and MNT token rewards, alongside integrations with major DeFi protocols like EigenLayer, Compound, and Pendle.
Leads Mantle Network with 2,700 daily active addresses, ranking as the top dApp by on-chain activity.
PT-cmETH trading at 6.2% yield combines with LP rewards and $COOK airdrops for up to 19% APY, while Mantle YAP runs 5-week campaign offering 150k MNT (~$100K) prize pool plus additional cmETH rewards.
cmETH expands to multiple new protocols with up to 40x Powder rewards, while securing inclusion in BlackRock and Apollo-backed Mantle Index Four; HyperETH Vault reaches $9M TVL with 60% in cmETH.
Active cmETH-USDe liquidity pool offers 14% APR through platform fees and incentives.