Council

Leadership for a Decentralized Future

Steering the Ship: The Role of Maven Finance's Council

The Maven Finance Council fills a crucial role of the platforms decentralized finance ecosystem to execute cooperatively elected proposals.

Acknowledging the common difficulty DAOs face in implementing approved proposals, the Council provides a solution by functioning as a transparent and centralized entity responsive to the needs of the platform.

Operated by members of the core development, the Council spearheads the growth and development of the Maven Finance ecosystem.

They handle a wide range of responsibilities, including managing contracts with developers, marketers, and lawyers, and overseeing interactions that necessitate off-chain capabilities.

Council Composition

The Maven Finance Council will be operated by members of a Gibraltar-based legal entity, and will perform operations to develop the Maven Finance ecosystem.

All council actions will be transparent on the blockchain and are open for public scrutiny.

Council Actions

Council members can initiate a range of actions, encompassing internal control, vesting, and financial governance:

• Council Actions for Internal Control

  • Council Action Add Member

  • Council Action Remove Member

  • Council Action Change Member

  • Council Action Set Baker

• Council Actions for Vesting

  • Council Action Add Vestee

  • Council Action Remove Vestee

  • Council Action Update Vestee

  • Council Action Toggle Vestee Lock

• Council Actions for Financial Governance

  • Council Action Transfer

  • Council Action Request Tokens

  • Council Action Request Mint

  • Council Action Set Contract Baker

  • Council Action Drop Financial Request

• Council Signing of Actions

  • Flush Action

  • Sign Action

Council Management

The Maven Finance Council holds two crucial responsibilities that contribute significantly to the health and growth of the platform.

The first is overseeing the financial management of the platform through the Treasury, driving the expansion of the ecosystem, and facilitating the development of innovative products.

Management of Finances

The second role involves managing key stakeholders - from team members and partners to investors and advisors - through the strategic vesting of MVN tokens, ensuring an equitable distribution and supporting the platform's sustainability.

Management of Vestees

Decentralization

While the Maven Finance Council plays a central role in executing proposals and managing the treasury, it's essential to remember that they operate within a decentralized framework.

This means that the broader community can participate in decision-making processes, such as voting on proposals and electing Council members. Additionally, in the order to distribute Treasury funds the Council merely initiates a request, which shall only execute with Satellites approval.

This level of community involvement is crucial for maintaining the decentralized nature of Maven finance's operations.

Council Inception

The Council will be formed after the initial MVN token distribution.