On the Tezos blockchain, Mavryk Finance is a DAO that provides lending, borrowing, yield farming, and staking services.
Mavryk Finance has always been a DAO, meaning its governance system is decentralized, transparent, and cooperative. The platform provides its users with lending, borrowing, yield farming, and staking options.
- Lending and borrowing – Users can earn interest by placing their Tezos-based assets into lending pools that permit decentralized and over-collateralized loans. Lenders are awarded mTokens, representing their pool portion, and can be staked to gain incentives.
- Users can obtain loans by depositing collateral in vaults – Collateral may consist of XTZ or other Tezos-based tokens. Mavryk Finance allows consumers to use multi-asset-backed vaults to diversify their collateral risk.
- Staking Mavryk Finance will provide yield farming for specific applications. Users can stake their LP tokens from liquidity providers on some Tezos-based DEXs in yield farms in exchange for MVK tokens.
MVK tokens serve as the platform’s governance tokens. They can be traded, staked, and delegated to satellites, decentralized data oracles for the platform. Satellites must stake MVK to participate in governance.
DAO and on-chain treasury Mavryk Finance’s governance is fully community-driven by an on-chain DAO. Users can propose and vote on on-chain upgrades, treasury funds, lending and collateral assets, and business decisions.
The on-chain treasury has main and sub-treasuries with different roles; The main treasury gets fees and sends them to the sub-treasuries by set rules. The sub-treasuries can fund development, marketing, community rewards, etc.
Mavryk Finance aims to become the leading blockchain-based decentralized financial platform. The platform has launched its testnet and welcomes users to its Discord channel for feedback and support.
Check out this Litepaper for in-depth information regarding Mavryk.
