Maven Finance Docs
  • Introduction
    • Getting Started
  • Maven Finance
    • Staking
      • Benefits and Fees of Staking
      • How To Stake and Unstake
    • Satellites & Oracles
      • Delegating To Satellites
      • Satellite Registration
      • Oracle Nodes
    • Earn & Borrow
      • Lending & mTokens
      • Multi-Collateral Vaults
        • Liquidation
      • Interest Rate Model
    • Yield Farms
      • Maven Finance's Yield Farms
      • Yield Farming Dashboard
    • Governance
      • Governance Rounds
        • Proposal Round
        • Voting Round
        • Timelock Round
      • Emergency Governance
      • Financial Governance
      • Satellite Governance
    • Council
      • Management of Finances
      • Management of Vestees
    • Treasury
  • Smart Contracts
    • Smart Contracts Overview
      • Doorman Contract
      • Delegation Contract
      • Aggregator Contract
      • Aggregator Factory Contract
      • Farm Contract
      • Farm Factory Contract
      • Governance Contract
      • Governance Financial Contract
      • Governance Satellite Contract
      • Governance Proxy Contract
      • Council Contract
      • Treasury Contract
      • Treasury Factory Contract
      • Break Glass Contract
      • Emergency Governance Contract
      • Lending Controller Contract
      • Vault Contract
      • Vault Factory Contract
      • MVN Token Contract
      • mToken Contract
      • Vesting Contract
  • Glossary
    • Glossary of Terms
Powered by GitBook
On this page
  1. Maven Finance
  2. Satellites & Oracles

Oracle Nodes

Accurate Price Data via Decentralized Price Feeds

PreviousSatellite RegistrationNextEarn & Borrow

Last updated 5 months ago

A key component of the Maven Finance ecosystem is the Oracle service, a system reliant on Satellites to provide precise and dependable pricing data for its collateral asset classes.

Operating within an oracle network, these Satellites are entrusted to deliver data feeds on the blockchain. Their mission is rewarded with sMVN tokens, incentivizing the supply of accurate data.

Data Feeds and Rounds

Data feeds are systematically arranged in rounds, triggered by a preset heartbeat, typically once every hour, or by a significant price deviation.

For instance, if the tracked price shifts more than 0.5% since the last update, a round is initiated. The primary aim of each round is to update the blockchain's relevant data feed, such as USD/MVRK.

Once a round commences, the Satellites, or oracles, collaborate off-chain to reach a consensus on the data to be sent to the blockchain.

This consensus usually takes the form of a median value derived from the price observations made by all participating oracles.

Thus, the Maven Finance Oracle Service ensures accurate, consistent, and timely updates to the asset pricing information integral to the platform's functions.

Oracle Data Feeds