Mavryk Network Staking

MVRK is the native token of Mavryk Network, a Layer-1 Liquid Proof-of-Stake (LPoS) blockchain forked from Tezos and running the Boreas protocol. Mavryk is purpose-built for the tokenization of real-world assets (RWA), combining institutional-grade blockchain infrastructure with a proven consensus mechanism.

Token Utilities

• Staking & Network Security: MVRK holders participate in consensus by running a validator node with a minimum of 6,000 MVRK, staking tokens alongside a validator for enhanced rewards, or delegating to a validator with no minimum requirement and no lockup period.
• Gas Token: All transactions and smart contract operations on Mavryk require MVRK for gas fees, creating consistent demand linked to network usage.
• RWA Infrastructure: MVRK underpins the tokenization of real-world assets including luxury real estate, with Mavryk securing a $10B+ tokenization deal with MultiBank Group and MAG in 2025.

Mavryk uses a Liquid Proof-of-Stake (LPoS) consensus mechanism inherited from Tezos, running the Boreas protocol. Block production time is approximately 10 seconds.

Key consensus properties:

• Validator Model: To become a validator, a participant must hold a minimum of 6,000 MVRK. Validators are responsible for producing and endorsing blocks, securing the network.
• Three Participant Roles: Mavryk supports three distinct roles: validators (who produce and endorse blocks), stakers (who freeze funds alongside a validator, sharing in both enhanced rewards and slashing risk), and delegators (who delegate without freezing funds, earning rewards with no slashing risk).
• Capacity Limits: Validators can accept external stake up to 5x their own stake and delegations up to 9x their own stake. These limits ensure security alignment while enabling broad participation.
• Slashing: Mavryk implements slashing for double-signing and double-endorsing. Stakers who freeze funds alongside a validator share in slashing risk, while delegators face no slashing risk.

MVRK is the native Layer 1 token of the Mavryk Network, powering transactions, staking, and governance across the ecosystem.

Supply: The genesis supply is 1 billion MVRK tokens, with only 5.6% (56 million MVRK) in circulation at TGE (September 18, 2025). Most tokens are locked and vest linearly over time via Hasklock-audited on-chain vesting smart contracts.

Token Allocation:

• Foundation: 18% (180M) — ecosystem growth, delegated to validators
• Private Sales: 20% (200M) — early development supporters
• Core Contributors: 16% (160M) — founders, team, and future hires
• Protocol Treasury: 10% (100M) — managed by a validator-elected 7-seat Treasury Council
• Liquidity Mining: 10% (100M) — on-chain user incentives
• Validator Program: 9% (90M) — dedicated to the Validator Loan Program, locked in self-bonds
• Public Round & Community Incentives: 8.5% (85M) — testnets, airdrops, bounties, adoption programs
• Ambassadors: 2.5% (25M) — global outreach
• Advisory: 2% (20M) — strategic guidance

Fee Mechanism: All transaction fees are paid in MVRK. 50% of fees are burned permanently, creating deflationary pressure. Revenue from ecosystem services like Mavryk Domains also feeds the community treasury, with a portion burned.

Token Utility: MVRK is used for gas fees, validator security deposits (minimum 6,000 MVRK), delegation and co-staking rewards, on-chain governance voting, and as collateral within DeFi applications like Maven Finance.

Governance: The Protocol Treasury is controlled by a 7-seat multi-sig Treasury Council elected by validators, overseeing fund allocation for ecosystem development, partnerships, and community grants.

MVRK staking rewards are generated from two sources: newly minted tokens (block rewards) and a share of transaction fees.

Block Rewards: Each new block produces newly minted MVRK as a reward, split between the block producer and those who attest (endorse) the block. These newly minted tokens are the primary source of staking yield and represent the network's inflation mechanism.

Transaction Fees: All fees on the network are paid in MVRK. 50% of transaction fees are burned permanently, while the remaining portion goes to validators. Revenue from ecosystem services like Mavryk Domains also contributes, with a share going to the community treasury and a share burned.

Adaptive Issuance: Mavryk uses a dynamic reward system called Adaptive Issuance, which automatically adjusts block rewards based on the ratio of staked MVRK to total supply. The protocol targets approximately 33% of MVRK actively staked. When staking participation is low, yields increase to incentivize more participation. When staking is high, yields decrease to avoid overpaying for security and reduce unnecessary inflation. At optimal levels, inflation can drop as low as 0.05%. This mechanism activates 1.5 years after mainnet launch.

Reward Distribution by Role:

• Validators earn rewards directly through block production and attestation.
• Stakers (co-stakers) freeze funds alongside a validator and earn approximately 2x the yield of standard delegation, but share in slashing risk.
• Delegators earn rewards passively with no lockup and no slashing risk, though at a lower yield than co-stakers.

Over 45% of the total token supply is allocated to staking incentives and community growth, supporting the long-term reward pool.

Validator selection directly impacts yield and risk exposure on Mavryk. The Staking Rewards Verified Staking Provider (VSP) Program provides institutional-grade certification for validators.

Selection factors:

• Staking Performance: Target Validators with high block production and endorsement rates. Missed staking opportunities directly reduce staking yield.
• Commission Rate: The staking parameter determines the percentage of staking rewards retained by the Validator. A value of 0 means no commission; the default of 1,000,000,000 means 100% commission. Many Validators have not yet configured this parameter and therefore keep all staking rewards by default.
• Capacity: Validators can accept external stake up to 5x their own deposit and delegations up to 9x. A Validator near capacity may not efficiently handle additional delegations.
• Self-Stake: Validators with substantial self-stake have stronger alignment of incentives. The Validators own staked balance determines their staking and delegation capacity limits.
• Slashing History: Review whether the Validator has any history of double-staking or double-endorsing events.

Risk considerations for MVRK staking:

Slashing Risk: Mavryk implements slashing for double-staking and double-endorsing violations. Stakers who freeze funds alongside a Validator share in slashing risk if the Validator misbehaves. Delegators are not subject to slashing, making delegation the lower-risk participation option.

Unbonding Risk: Stakers who freeze funds with a Validator face an unbonding period when withdrawing (determined by consensusRightsDelay cycles). Delegators face no lockup and no unbonding period, and can redirect their delegation at any time.

Counterparty Risk: Both stakers and delegators rely on their chosen Validators infrastructure and operational reliability. Mitigate counterparty risk by selecting Validators with strong track records and high uptime.

Early Network Risk: Mavryk launched its mainnet on August 14, 2025, making it a relatively young network. Early-stage networks may experience higher volatility, lower liquidity, and evolving protocol parameters compared to more established networks.

Commission Risk: Validators who have not configured staking default to 100% commission, meaning they retain all staking rewards. Always verify a Validator's commission setting before delegating or staking.

Mavryk offers multiple pathways for earning staking yield:

Option 1: Delegation (No Lockup)

• No minimum MVRK requirement
• No lockup period; fully liquid at all times
• No slashing risk to principal
• Select a Validator from the active set and delegate your MVRK
• Rewards begin after a short activation delay

Option 2: Direct Staking (Higher Yield)

• Freeze MVRK alongside a Validators deposit for enhanced rewards
• Staked tokens increase staking power more efficiently than delegated tokens
• Subject to slashing risk and unbonding period
• Suitable for participants with longer time horizons

Option 3: Running a Validator (Full Control)

• Requires minimum 6,000 MVRK and dedicated infrastructure
• Eliminates counterparty risk but introduces operational complexity
• Set your own commission rate
• Accept external stakers and delegators to increase staking power