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      • Benefits and Fees of Staking
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    • Satellites & Oracles
      • Delegating To Satellites
      • Satellite Registration
      • Oracle Nodes
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        • Liquidation
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      • Maven Finance's Yield Farms
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      • Governance Rounds
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  • Smart Contracts
    • Smart Contracts Overview
      • Doorman Contract
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      • Farm Factory Contract
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      • Emergency Governance Contract
      • Lending Controller Contract
      • Vault Contract
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      • MVN Token Contract
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  • Glossary
    • Glossary of Terms
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  • Overview of Satellites
  • Satellite Profile
  1. Maven Finance
  2. Satellites & Oracles

Delegating To Satellites

Your Voice, Your Choice in the Maven Finance Ecosystem

PreviousSatellites & OraclesNextSatellite Registration

Last updated 5 months ago

Choosing the right Satellite for delegation is crucial. Here are some key factors to consider:

  1. Delegation Fees: Lower delegation fees result in higher sMVN rewards. However, it's essential to ensure the Satellite consistently participates in Governance and is an active oracle data provider

  2. Delegation Capacity: Check if the Satellite has sufficient capacity to accommodate the amount of MVN tokens you plan to stake. If a satellite is over-delegated, it will not be able to earn as many rewards as it should be.

  3. Reliability: The reliability of a Satellite hinges on its consistency in participating in governance. It's equally crucial to ensure that the Satellite does not manipulate the oracle data feed for self-benefit.

  4. Values: As Satellites vote on their delegators' behalf, monitoring their voting patterns is critical to ensure your governance rights aren't being misused.

Overview of Satellites

The Satellites Overview page offers a comprehensive look at all available Satellites.

Users can access key details such as their fees, participation rates, and the remaining sMVN space at a single glance, making it easier to compare and decide on the best-fit Satellite for delegation.

Satellite Profile

For a more in-depth understanding of each Satellite, users can delve into their individual profiles. These profiles provide insight into the Satellite's values, historical performance, and past actions.

For instance, a user can explore a Satellite's objectives, review metrics based on previous actions, and study their governance voting history. This detailed examination aids users in making informed decisions on their choice of Satellite for delegation.

Powering Decentralization, One Vote at a Time
Overview of Satellites
Satellite profile showcasing its goals, metrics, and voting history