{"id":49004,"date":"2023-05-03T09:53:16","date_gmt":"2023-05-03T13:53:16","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=49004"},"modified":"2023-05-03T09:53:19","modified_gmt":"2023-05-03T13:53:19","slug":"mavryk-finance-launches-testnet-on-tezos","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/mavryk-finance-launches-testnet-on-tezos\/","title":{"rendered":"Mavryk Finance Launches Testnet on Tezos"},"content":{"rendered":"\n<p>On the\u00a0<a href=\"https:\/\/tezos.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Tezos blockchain,<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a>\u00a0Mavryk Finance is a DAO that provides lending, borrowing, yield farming, and staking services. <\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-1024x576.png\" alt=\"Mavryk Finance Launches Testnet on Tezos\" class=\"wp-image-49007\" width=\"774\" height=\"435\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-1024x576.png 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-300x169.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-768x432.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-1320x742.png 1320w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-750x422.png 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk-1140x641.png 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk.png 1400w\" sizes=\"(max-width: 774px) 100vw, 774px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/ghostnet.mavryk.finance\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Mavryk Finance<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>\u00a0has 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.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Lending and borrowing<\/strong> &#8211; 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.<\/li>\n\n\n\n<li><strong>Users can obtain loans by depositing collateral in vaults<\/strong> &#8211; 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.<\/li>\n\n\n\n<li><strong>Staking Mavryk Finance <\/strong>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\u00a0<a href=\"https:\/\/docs.mavryk.finance\/mvk-token\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">MVK tokens<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>.<\/li>\n<\/ul>\n\n\n\n<p>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.<\/p>\n\n\n\n<p><a href=\"https:\/\/coinscreed.com\/staging\/decentralized-autonomous-organizations-dao-and-how-to-create-them.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">DAO <\/a>and on-chain treasury Mavryk Finance\u2019s 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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Mavryk Finance aims to become the leading blockchain-based decentralized financial platform. The platform has launched its testnet and welcomes users to its\u00a0<a href=\"https:\/\/discord.com\/invite\/7VXPR4gkT6\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Discord<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>\u00a0channel for feedback and support.<\/p>\n\n\n\n<p>Check out this\u00a0<a href=\"https:\/\/mavryk.finance\/litepaper\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Litepaper<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>\u00a0for in-depth information regarding Mavryk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the\u00a0Tezos blockchain, \u00a0Mavryk Finance is a DAO that provides lending, borrowing, yield farming, and staking services. Mavryk Finance\u00a0has 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. MVK tokens serve as the platform&#8217;s governance tokens. They can [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":49007,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11383],"tags":[202,14364,1072,3982],"class_list":["post-49004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-blockchain","tag-mavryk-finance","tag-staking","tag-tezos"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/05\/mavryk.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=49004"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/49004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/49007"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=49004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=49004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=49004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}