Staking

Unlock Rewards: Stake Your Way to Success with Maven Finance.

Staking with Maven: Your Gateway to Exponential Growth

What is Staking?

Staking is a pivotal process within proof-of-stake (PoS) and delegated proof-of-stake (DPoS) blockchain networks, allowing participation in block validation and network security.

The concept of staking revolves around the idea that those who are willing to lock up their funds are likely to have the network's best interests in mind.

In the context of decentralized finance (DeFi), staking entails holding digital assets to bolster a specific decentralized application (dApp).

Through staking, users can earn rewards, thereby aiding the growth of the DeFi ecosystem while enhancing security and liquidity in decentralized exchanges.

Staking MVN on Maven Finance

Maven Finance allows users to stake their MVN tokens via the Doorman contract, reaping various benefits.

Notably, users may earn additional Staked MVN (sMVN) as rewards by delegating to a preferred Satellite. As the Satellite engages in governance and provides data feeds as an oracle node, it accumulates sMVN rewards, which are then paid to its delegates.

Read on to get a more comprehensive idea of the the benefits and fees of staking.

Benefits and Fees of Staking

Maven makes the process of staking and unstaking MVN user-friendly, condensing it into a straightforward, single-step procedure.

How To Stake and Unstake