1/ BREAKING: MARS V.2 Whitepaper has been released!
DECIPHERING TRANSMISSION 🛰
Let's breakdown @mars_protocol V.2 and it's upcoming launch on @osmosiszone 🧵👇
DECIPHERING TRANSMISSION 🛰
Let's breakdown @mars_protocol V.2 and it's upcoming launch on @osmosiszone 🧵👇
2/ The Mission: "DeFi subaccounts"
Enable Integration all trading activity possible on a CEX
✔Spot trading
✔Margin trading
✔Lending and borrowing
VIA a single vehicle of liquidation... more on this later
Enable Integration all trading activity possible on a CEX
✔Spot trading
✔Margin trading
✔Lending and borrowing
VIA a single vehicle of liquidation... more on this later
3/ Mars: The Hub and Spoke Architecture
Mars will operate as a Hub ( does not hold liquidity)
- Governing all Smart Contracts on Outposts
- Fees Distributed to participants in governance
Outposts ( @osmosiszone and other Cosmos chains)
- Create a bundled DeFi experience
Mars will operate as a Hub ( does not hold liquidity)
- Governing all Smart Contracts on Outposts
- Fees Distributed to participants in governance
Outposts ( @osmosiszone and other Cosmos chains)
- Create a bundled DeFi experience
4/ $MARS as The Hub
An L1 app-chain, dubbed "Mars Hub", will coordinate and govern smart contract deployments of Outposts
L1 interacting will be called "spokes" (Osmosis)
Purpose:
✅ Governance
✅ Token Distribution
✅ Source of Operation
An L1 app-chain, dubbed "Mars Hub", will coordinate and govern smart contract deployments of Outposts
L1 interacting will be called "spokes" (Osmosis)
Purpose:
✅ Governance
✅ Token Distribution
✅ Source of Operation
5/ The Hub will interact via spokes, which will host an outpost.
Each Outpost will consist of 2 Components
1️⃣ The Rover Credit Account
2️⃣ Red Banks
Let's break each of these down:
Each Outpost will consist of 2 Components
1️⃣ The Rover Credit Account
2️⃣ Red Banks
Let's break each of these down:
6/ Introducing Rovers Credit Accounts 📡
👉 Allow for a re-bundled DeFi experience providing users with various protocols and yield bearing opportunities.
👉 Greater Flexibility for Users
Each Rover will be represented by an NFT which can be sold 💰
👉 Allow for a re-bundled DeFi experience providing users with various protocols and yield bearing opportunities.
👉 Greater Flexibility for Users
Each Rover will be represented by an NFT which can be sold 💰
7/ Rover Credit Account Integrations:
✔Non-leveraged trading
✔Leveraged shorts
✔Leveraged longs
✔Vaults via @osmosiszone
✔Fields of Mars
✔Non-leveraged trading
✔Leveraged shorts
✔Leveraged longs
✔Vaults via @osmosiszone
✔Fields of Mars
8/ Rovers as NFT potential use cases
✔Scoring performance
✔Collectables
✔Verification
✔Sales
✔Fractionalized Sales
✔Scoring performance
✔Collectables
✔Verification
✔Sales
✔Fractionalized Sales
9/ Red Banks will be an on chain facility providing liquidity for the "Rovers" and will support 2 types of lending
1️⃣ Collateralized loans
2️⃣ Contract-to-contract (C2C)
Initially will launch supporting $OSMO $ATOM and $USDC
1️⃣ Collateralized loans
2️⃣ Contract-to-contract (C2C)
Initially will launch supporting $OSMO $ATOM and $USDC
10/ $MARS Tokenomics
The MARS token will serve 3 purposes:
1️⃣ Securing the chain ( Staking)
2️⃣ Governance
3️⃣ Receiving Fees
The MARS token will serve 3 purposes:
1️⃣ Securing the chain ( Staking)
2️⃣ Governance
3️⃣ Receiving Fees
11/ $MARS Distribution
✔64.4M : To be distributed to all MARS token holders $LUNC
✔635.6M: Community Pool
✔300M: Mars Contributors
✔64.4M : To be distributed to all MARS token holders $LUNC
✔635.6M: Community Pool
✔300M: Mars Contributors
12/ The launch of @mars_protocol V.2 will begin with the Genesis of the chain "Mars Hub"
Followed by the launch of it's first Outpost on @osmosiszone and continued release of features and expansions through various L1s in the Cosmos.
Followed by the launch of it's first Outpost on @osmosiszone and continued release of features and expansions through various L1s in the Cosmos.
13/ A copy of the full whitepaper can be found 👇
github.com
github.com
14/ Thank you for reading!
I hope you've found this thread helpful.
Follow me @Flowslikeosmo for more.
Retweet the first tweet below 👇
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Follow me @Flowslikeosmo for more.
Retweet the first tweet below 👇
If you enjoyed this thread and found it to be informative.
Give me a follow @Flowslikeosmo as a I research the Cosmos!
Give me a follow @Flowslikeosmo as a I research the Cosmos!
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