Mars Protocol: Decentralized Banking, Leveraged Yield Farming, Credit, and More! Built on Terra
Today's video gives an introduction to Mars Protocol. Mars aims to be the main credit protocol on Terra (and eventually other chains). It will facilitate borrowing and lending of many different assets and will allow for uncollateralized borrowing. I go over their dynamic interest rate, tokenomics, lockdrop event, and how it differs from Anchor Protocol. Enjoy!
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0:00 Intro
0:32 Mars Overview
3:45 Collateralised Debt
6:58 Uncollaterised Debt
9:01 Fields of Mars
9:56 Dynamic Interest Rates
13:12 MARS Tokenomics
15:22 Shortfall Events
15:52 Insurance Fund
16:36 Protocol Interest
17:22 Lockdrop Event
19:43 Mars vs Anchor
22:05 Mars X Levana
22:54 Outro
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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