Mars Protocol MARS

1. Summary

Ranks

Liquidity

31

Developer

62

Social

87

Momentum (beta)

0

Stack Rank™

-

Price

$0.06 +0.4%

Market Cap

$22.02M (#906)

Supply

226.01M / 999.99M

Tags

Cosmos Ecosystem

More Metrics

Price
52W High price	$0.24
52W High date	11th Jan 2024 (6 months ago)
All Time High (ATH) Date	7th Feb 2023 (1 year ago)
ATH Price	$0.51
% From ATH	-85.28%
All Time Low (ATL) Date	8th Sep 2023 (10 months ago)
ATL Price	$0.03
% From ATL	134.82%

Supply & Trading Volume
Trading Volume (24h)	$7,491.00
Total Supply	999.99M
Max Supply	1.00B
Circulating Supply	226.01M

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Description

Overview

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Overview

Mars Protocol is a decentralized credit protocol designed for the Cosmos ecosystem. It combines a money market called Red Bank with a generalized credit primitive named Rover, allowing for decentralized, self-sovereign, inter-chain, non-custodial, open-sourced, and community-governed lending and borrowing.

Components

• Mars Hub: A command center for numerous outposts that facilitate the protocol’s operations.
• Red Bank: A money market within the protocol, where users can lend and borrow assets, similar to banks.
• Rover: A credit account system allowing users to borrow and lend assets, use leverage for various DeFi strategies, and combine risk profiles across multiple chains.

Infrastructure

Mars Protocol employs a hub and outpost topology. Each outpost, such as the initial Osmosis chain outpost, integrates both Red Bank and Rover services. The design enables seamless interaction across different networks and applications,-enhancing user experiences and risk management.

Key Features

• Cross-Collateralization: Users can leverage assets across different protocols and chains using Rovers.
• Risk Management: Mars Protocol maintains a robust risk management system through its Risk Framework, ensuring proper monitoring and control of credit lines.

Governance

Mars Protocol has a community-governed structure, with the Martian Council as its governing body. Users can contribute through on-chain governance proposals, ensuring the protocol is shaped by its users and validators.

Expansion and Development

Mars Protocol continues to evolve and expand, with ongoing development and enhancements aimed at enhancing its ecosystem and user experiences. The protocol supports additional outposts and integrations, ensuring its position as a dominant money market within the Cosmos environment.

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