@mars_protocol ignition phase lockup:
1. 14 days deposit period (dont need to rush)
2. deposit $UST in a lockup for period between 1-52 weeks
3. day 12 of deposit period = withdrawal closed off
4. $UST is locked up as $maUST
1. 14 days deposit period (dont need to rush)
2. deposit $UST in a lockup for period between 1-52 weeks
3. day 12 of deposit period = withdrawal closed off
4. $UST is locked up as $maUST
5. the $UST is used to bootstrap the activities on Mars for lending, etc
6. lockup participants gain $MARS
7. lockup participants and after launch participants who deposit $UST also get $xMARS
8. end of lockup period = $maUST withdrawal as your deposit + any interest accrued
6. lockup participants gain $MARS
7. lockup participants and after launch participants who deposit $UST also get $xMARS
8. end of lockup period = $maUST withdrawal as your deposit + any interest accrued
disclaimer from Mars:
"NOTE: There is a risk of partial or total loss of the UST tokens, and payment of ‘interest’ is neither contractually promised nor guaranteed. Please see the disclaimer at the end of this article."
deposit your $UST at your own risk
"NOTE: There is a risk of partial or total loss of the UST tokens, and payment of ‘interest’ is neither contractually promised nor guaranteed. Please see the disclaimer at the end of this article."
deposit your $UST at your own risk
Should be like this but I made light tl;dr of the entire launch article, so much more alpha inside!
@mars_protocol if I got anything wrong please correct me 🔴
my take? I'm friggin' excited.
#TerraAutumn is gonna start soon
@mars_protocol if I got anything wrong please correct me 🔴
my take? I'm friggin' excited.
#TerraAutumn is gonna start soon
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