Mars Protocol π΄
@mars_protocol
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The galaxy's most powerful credit protocol. Telegram: https://t.co/x077eR81GE Discord: https://t.co/RIUq9l8dNu Twitter operated by Mars Protocol Foundation
Mars π΄
Joined March 2021
π°οΈ MARS PERPS LIVE ON NEUTRON MAINNET. Moments ago, Mars Perps went live on @Neutron_org mainnet, introducing Gen3 leverage trading with unmatched capital efficiency. Here's what you need to know about this game-changing launch: π»
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TRANSMISSION RECEIVED π‘. The Mars Red Paper has arrived.
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Mars Lockdrop is in sight. Targeting Feb 21st, 2022. Pending approval from auditors and mission control. Discord is now open for all:
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Announcing the Mars Protocol lockdrop & token launch. Ignition Phase is imminent ππ.
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INCOMING TRANSMISSION. The Mars lockdrop begins now at Mission critical details below π
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π‘ TRANSMISSION RECEIVED . Target Lockdrop Launch Date: Feb. 21, 2022. Mission report with everything you need to know about the $MARS lockdrop and token launch:
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Mars is not a service. Itβs a protocol. aka a financial primitive. But what does that mean, exactly, and why does it matter?. π§΅π
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π°οΈ INTIATE TRANSMISSION. Terra's implosion radically disrupted Mars' orbital path. Emergency nav systems activated as the Red Planet searches for a new home in the cosmos β¨. Keep comms channels open. More from Mission Control soon. π΄.
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β οΈ NOTICE. Phase 2 has concluded. Full launch preparations underway. Keep comms channel open. All will be announced here.
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1/ The markets chose violence this weekend. Terra's honeymoon phase is over. The platform's stability mechanism was not merely tested. the market tried to destroy it. Terra survived. And now we're more confident than ever that building on Terra is the right move. Here's why:.
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π°οΈ INCOMING TRANSMISSION. The Mars v2 whitepaper has arrived:
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π°οΈ INCOMING TRANSMISSION. After extreme disturbances in the Terra network, rovers were deployed throughout the Cosmos galaxy to find a new home for Mars. Now with data in hand, a plan emerges. Full briefing linked below or expand 𧡠for the tldr π.
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What is Mars Protocol?. Let us introduce ourselves with a firm belief: . The fifth epoch has begun. More below π»
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π°οΈ MARS HUB DEPLOYED. At 3PM UTC, 16 genesis validators hummed to life and the first red block was forged π₯. The $MARS airdrop is now live and Mars Hubβs first governance proposals are expected later today. Mission report π or expand the π§΅.
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π°οΈ INCOMING TRANSMISSION. Mars Hub mainnet draws near π΄. And with todayβs launch of @terra_moneyβs cross-chain wallet (Station Interchain), eligible Martians can verify their upcoming $MARS airdrop πͺ on testnet. Hereβs how π§΅/n π».
1/ Terraβs first step towards building the interface to Web3 is complete. Weβre thrilled to announce the launch of Station π° β an interchain wallet that simplifies the often complex process of interacting with multiple blockchain networks.
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5 reasons we're so excited to be building $MARS:. 1. As the first pure credit protocol on the @terra_money blockchain, it will be a foundational money lego that will bolster the entire Terra ecosystem. and eventually all of crypto. Borrowing + lending done right. More π».
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@mars_protocol + @anchor_protocol = synergistic . In this thread, weβll take a look at how they work together to strengthen the entire @terra_money ecosystem. π§΅π
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π°οΈ HELLO, WORLD. Mars Protocol is live. Explore now at or read on for mission notes π»
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Chapter 1: Are you brave enough to heed the call?
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We get one question more than any other: what's the difference between @mars_protocol and @anchor_protocol?. Let's break down what they are and how they work. π§΅π.
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T-minus 10 days until the Mars lockdrop is scheduled to begin. It will go through 2 phases before the full protocol launches on or around March 7. In the 𧡠below, letβs look at exactly what functionality we expect when Mars goes live π
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Imagine if Airbnb only let hosts stay at each othersβ housesβ¦. There would be tons of places to stay, but little demand to stay in them. Thatβs how most credit protocols work todayβ¦ you add tokens to the protocol before you can borrow other tokens. Mars changes the game. π§΅π
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TRANSMISSION RECEIVEDπ‘. "Have a Martian Christmasπ"
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LOCKDROP LOADING β β β β β β β β β β‘ 98%
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INCOMING TRANSMISSION . New website discovered on Earth-based servers:
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π
Dev update from Mission Control:. π΄ 2 core audits ongoing.π΄ Upgrading Fields of Mars smart contracts to support @astroport_fi's dual rewards generators.π΄ UI bug fixes and updates.π΄ Lockdrop front-end under construction.π΄ Simulating/testing the full Mars launch π
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v2 of the Mars Red Paper has arrived π. Please read for important updates to Mars Protocol's:. π΄ Terminology.π΄ Rollout plan for dynamic rate adjustment.π΄ Token distribution/allocation & more.
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π°οΈ RED BANK DEPLOYED. Moments ago, the Red Bank was deployed on @osmosiszone, making it the first-ever Martian Outpost established in the Cosmos. Explorers can now lend & borrow $ATOM, $axlUSDC, and $OSMO. π§΅π.
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π°οΈ INCOMING PROPOSAL. Delphi Labs proposes adding $ANC as a collateral asset for borrowing & lending in the Red Bank. The debate will be open for at least 7 days (5 days + 2-day editing freeze) before potentially moving to on-chain voting. Join the debate:
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134 million yes votes, 0 no votes. Quorum almost reached π.
Prop 128 to enable @cosmos IBC transfers on @terra_money is now live for voting: $UST π₯.
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We are stardust. to stardust we shall return. but between now and then. I assure you, we shall glow
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.-. -. / .--. - .--. -. / . -. - . - .-. --. -. -.-.- .-.-.- .-.-.- / .- .-. -. - .- .-. / . -- -- . -. -. -.
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Mission control is delaying the launch of the Mars Red Paper by t-minus 24 hours to make some last-minute modifications. Loading. 97% complete. Attenuate your receivers and prepare for contact.
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NEW ASSET LAUNCHED π. The Martian Council has spoken and Anchor Protool tokens (ANC) are now available for depositing and borrowing on the Red Bank!. You may deposit ANC now:
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π Dev update from Mission Control:. - Active development β£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£ 95% complete.- Modifying reward collection and the $MARS unstaking processes.- Bug squashing ongoing πͺ².- Fields of Mars oracle completed β
. π΄π
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When Mars Protocol fully launches on or around March 7, 2022, the Fields of Mars will support three leveraged yield farming strategies:. 1. ANC-UST.2. LUNA-UST.3. MIR-UST. Hereβs an example of how theyβll work and their launch parameters π
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π°οΈ MARS V2 DEPLOYED. Mars v2 is officially live π’ on @osmosiszone!. Deploy your first Rover credit account now at or see how Rovers work in ~30 seconds in the thread below π»
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Can it be an "airdrop" if it originates in space?.
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π Dev update from Mission Control:. - Ongoing end-to-end testing .- Designing UI animations and iterating on lockdrop UI.- Improving automated testing process.- Finalizing contracts for $MARS token and making minor smart contract updates π¦Ύ. π΄π
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π°οΈ ANNOUNCING "ΓUTPOST ΓNE". A secret gathering of Martians and Osmonauts in Medellin during @CosmoverseHQ . Join @mars_protocol x @osmosiszone on Sept. 26, 2022 AD at βββββββββ, Colombia. RT for a chance to uncover the location early and secure 2 ποΈ.
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Chapter 7: MARS tokens = the π to unlock access to the high table of the Martian Council. Do not enter lightly. Inside the chamber, the fate of the protocol rests in your hands.
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π°οΈ INCOMING TRANSMISSION. Mission Control has identified a new signal frequency. Coming soonβ’οΈ in redπ΄
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Today, we're proud to share v1 of Mars Protocol's Risk Framework. It's one of the most important tools we'll use to guarantee the safety of your funds and the robustness of our platform. Let's π at why it matters. 𧡠below
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β οΈ ATTN: MARTIANS. Mars Protocolβs compatibility with any Terra hard fork is uncertain without the presence of a reliable stablecoin. In light of this fact, Mission Control recommends withdrawing all positions from the Red Bank and Fields of Mars as soon as possible. More π».
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π°οΈ INCOMING TRANSMISSION. Mission Control is exploring the feasibility of a launch on Terra 2.0. Initial data = promising. Full report linked below or read on for the tldr.
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Chapter 2: Upon arrival on Mars, report to Basecamp. There, youβll be allotted a Station and full access to the Red Bank where you can deposit into or borrow from Marsβ smart contracts at will. Life is pleasant, but something greater beckons.
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π Dev update from Mission Control:. - Smart contract testing β£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£Ώβ£ 90% complete .- Mantle integration underway.- UI testing initiated on the Red Bank and Martian Council.- Updating oracle contracts for the Fields of Mars
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We believe: . crypto belongs to those who do the work. to the sloggers. the unstoppables. the never-quitters. the look-up-at-the-star'ers. we know:. you will not out-work us. #marsiscoming.
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Chapter 3: To survive this harsh new world, everyone is issued a robot companion. As you borrow, lend, and farm the new frontier, your robot will be at your side.
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π Dev update from Mission Control:. - Testing leveraged yield farming on Bombay testnet.- v1 of mobile design complete β
.- Automated testing on Red Bank ~70% complete.- Polishing UI and stomping Martian bugs π. π΄π
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Q: Why deposit in the lockdrop when I could just deposit $UST in @anchor_protocol and earn 20% yield? . A: Everyone needs to do their own risk-reward analysis. However, letβs explore some potential advantages to participating in the lockdropβ¦. π§΅π.
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π Weekly update from Mission Control:. * Migration to the current Columbus-5 version = done.* Preparing the oracle contract.* Reworking the Fields of Mars UI and smashing other front-end bugs. ππ΄
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The Mars UI will shortly be released and rewards will be claimable. However, the Terra nodes Mars connects to are experiencing very high traffic which will cause elements in the interface to update slowly. Please be patient or try again later. π΄.
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Dev update from Mission Control:. π΄ First core audit received π¦Ύ.π΄ Analyzing audit findings and designing resolutions.π΄ Second core audit ongoing.π΄ Ongoing front-end development for lockdrop.π΄ Fields and periphery SC code frozen and under audit
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π Weekly update from Mission Control:. - Paused internal testing as we finalize migration to Col-5.- Ongoing oracle analysis .- Designing user tests.- Polishing UI & designing a mobile interface for the Mars landing page.- Exploring industry-wide governance models. ππ΄
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12/ Tomorrow, weβll ship our litepaper, and lay out our vision for the first and most powerful money market in the Terra ecosystem. And that will just be the beginningβ¦ come what may.
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π°οΈ NEW ASSET CLEARED FOR LAUNCH π. @anchor_protocol $ANC will soon be added to the Mars Protocol's Red Bank for borrowing and lending!. Votes for: 65,258,830.Votes against: 19,885.Implementation: ASAP after a mandatory 2-day review .
π°οΈ VOTE ACTIVATED. Mars Protocolβs first-ever governance vote just went live. Ascend to the Citadel and help the Martian Council decide whether or not to add @anchor_protocolβs $ANC to the Red Bank now at More π»
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1/*** INCOMING TRANSMISSION ***. Lockdrop deposits are now closed. Total $UST committed: $250 million. Mission Control extends thanks to all participants who have helped kickstart the journey to Mars. (conβt)π
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π Dev update from Mission Control:. - All core smart contract development complete.- Debugging and improving contracts in the Fields of Mars.- Finalizing contracts for lockdrop + airdrop π¦Ύ. More π»
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π°οΈ Mission Control cordially invites @elonmusk to the galaxy's largest gathering of @cosmos devs at @CosmoverseHQ in Colombia π¨π΄ . A ticket awaits. DM to RSVP. RT to summon Ser Elon
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In one possible future, literally ALL credit-based transactions will shift from centralised, old world systems to decentralised, fully-automated protocols. Today's protocols hold billions of dollars in value; tomorrow's will hold trillions.
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Tradfi markets may not have realised it yet, but we're living through a generational change in credit markets. Let's look at what's happening and how Mars protocol will radically accelerate the change. π
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1/ Mars v2 introduces a radical new DeFi primitive to Cosmos: Rovers. Engineered to operate in the cosmosβ harshest environments, rovers aim to give their pilots DeFi superpowers to navigate new, uncharted worlds. Hereβs howβ¦. π§΅π»
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π°οΈ INCOMING TRANSMISSION. 100+ members of the Rug Defense Force have spent the past month testing Mars' Red Bank on @osmosiszone and the Mars Hub testnet explorer. Hereβs a glimpse of what they saw.
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β οΈ With LUNA down ~99% over the past 7 days, plus extreme volatility and node congestion, a small amount of bad debt (<$10,000 in $UST, $LUNA and $ANC) accrued to the Red Bank. Delphi Labs has paid off this debt and will seek reimbursement from the insurance fund via a gov vote.
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π Dev update from Mission Control:. - Finalized bots for rewards distribution and price updates.- Implemented @astroport_fi TWAP queries.- Slight modifications to interest rate model to modulate temporary rate spikes. More π»
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π‘Attn: Astronauts. Intercepting transmissions re: a secret party in Lisbon, Portugal, Planet Earth. 9 p.m., Nov. 9, 2021 AD. Access is limited. If you can be there, signal intent here with password "secretalpha": .
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All voyagers, please make the appropriate preparations now.
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π Dev update from Mission Control:. - Tightening/hardening code in advance of audits.- Lockdrop smart contracts complete.- First audit booked π.- Search for Martian discord mods underway: π΄π
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As we start a new year on π, let's look at the current state of Mars' development & the evolving path to launch:
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DeFi lending protocols, such as Aave and Compound, typically require users to deposit collateral assets before they can become borrowers. Mars contributors envision a different way forward through the use of βcredit accountsβ and NFTs. More π».
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π Dev update from Mission Control:. π΄ MVP live on testnet.π΄ 2 core audits underway.π΄ Ongoing integrations tests and fixes.π΄ Iterating improvements on liquidation bot.π΄ Finalizing peripheral smart contracts.π΄ Drafting documentation
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β οΈ CRITICAL UPDATE. A pending governance proposal, MIP-8 aims to unlock Mars' lockdrop $UST. If approved, this would enable all users who would like to withdraw their lockdrop $UST, to do so. More π».
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π°οΈ INCOMING TRANSMISSION. Today, Mission Control has authorized the release of the Mars Protocol brand and design work into the Creative Commons π. Full briefing below π»
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Mars is a new financial primitive that will unlock mind-bending use cases on Terra. Individuals can lend and borrow assets on Mars. But it doesn't stop there. Other dapps and protocols can use Mars, too. @Levana_protocol will be among the 1st. π§΅π.
Introducing Levana Protocol. The release of a protocol brings a new gift. A gift that opens up unimaginable possibilities. A gift that once released, cannot be taken back.
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π°οΈ INCOMING TRANSMISSION. Preparations and updates for the full launch of Mars will commence upon conclusion of Phase 2 in ~12 hrs. Specific launch time = unknown but expected on Earth Date March 7. The future awaits π.
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Itβs a groundbreaking moment for Mars. @ApolloDAO seeks a $5 million credit line to enable a leveraged yield farming strategy for the ANC-UST pair on Apollo and Astroport: . π§΅π»
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π°οΈ ARES AWAKENS. Mars Hubβs Ares testnet is now open to explorers, devs and potential validators throughout the galaxy. Be the first to step foot on the new red planet & uncover bugs for bounties worth up to $100k. π§΅π.
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π°οΈ GOVERNANCE VOTES ACTIVATED. With the launch of Mars Hub, the protocol's first 3 governance proposals are live. Vote on:. π΄ Staking rewards.π΄ LP rewards.π΄ Activating IBC. Ascend to the Council and vote with your @keplrwallet or @terra_money Station wallet now. Links below π»
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π Dev update from Mission Control:. - Implementing last lines of smart contract code (around the cooldown function) .- Initiating end-to-end testing of the entire protocol.- Token launch/lockdrop announced (date tbd!) π+π§: . More π
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π Weekly update from Mission Control:. - The tech and economic teams are doing a deep dive into oracle solutions for Mars. - Front-end team is putting the finishing touching on the UI for our governance. - We're designing an alpha test program to launch soon. ππ΄
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TRANSMISSION FROM TESTNET. Opening and closing a leveraged yield farming position in the Fields of Mars
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***EMERGENCY TRANSMISSION***. Disturbance detected in the Martian atmosphere. Brace for tremendous impact on Mars and @terra_money protocols.
Building Levana on the fields of @mars_protocol creates amazing possibilities. It's important to pause, and recollect how the story began. Submitted for your approval, we present: Levana Lore - Part 1
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Can you feel the red excitement? Mars Hub will rise in two earth days. π΄π΄
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The people who say it cannot be done are usually interrupted by others doing it. #MarsIsComing.
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Join the Martian Elders and @ApolloDAO for a special AMA tomorrow π. β© Coordinates: Twitter Spaces.β© Earth Time: 3 PM UTC (10 AM Eastern).β© Earth Date: March 10, 2022.
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Mars Hub construction progress: Foundation set. π΄π΄π΄π΄π΄π΄π΄π²π²π² 71%.
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Dev update from Mission Control:. π΄ Initial core audit fixes underway.π΄ Ongoing bot development.π΄ Preparing drills to rehearse protocol launch π
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ATTN: Mars voyagers. Please add these important dates to your astronaut dayplanners to participate in the Mars lockdrop and token launch. Feb. 21: Phase 1 lockdrop begins.Feb. 28: Phase 2 LBA begins.March 7: Full protocol launch
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π Dev update from Mission Control:. π΄ First audit underway on core smart contracts.π΄ Developing front-end for Fields of Mars.π΄ Implementing lockdrop functionality.π΄ Round 2 of alpha testing starting now
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Casually testing leveraged yield farming in the Fields of Mars with a phone π±
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