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ProtocolsMars Protocol

Mars Protocol (MARS)

Total Value Locked
$22.24m  .csv
Chain Breakdown
Osmosis$21.81m
Neutron$431,774
Terra Classic$0
$398,656
USDOSMO

Protocol Information

Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced "Rover credit accounts" to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point

Category:Lending

Audits
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Development Activity

(updated at 16/04/24)

Weekly commits: 6
Monthly commits: 89
Weekly developers: 2
Monthly developers: 4

Last commit: 9 hours ago (2024-04-16)

Token Information

Address:terra12h...cagzgx

View on CoinGecko View on Terra Finder

Methodology

TVL: For each chain, sum token balances in Red Bank/Credit Manager smart contracts to approximate net deposits, plus vault underlying assets held in Rover

TVL code

Competitors

Nolus Protocol ($4.98m)AAVE V3 ($8.127b)JustLend ($6.678b)Spark ($2.697b)AAVE V2 ($2.031b)Venus Core Pool ($1.492b)Compound V3 ($1.457b)Kamino Lend ($933.21m)Compound V2 ($894.16m)Morpho Blue ($644.52m)