“45% of block rewards are set aside for NFT bidding and staking incentives. Token holders will be able to earn yield by bidding and staking on NFTs for certain periods of time.”
Good Day #Cosmonauts! If you aren't a #LUNAtic already, you might not have heard about @marsprotocol yet! $MARS is a borrowing and lending platform in the #Terra Ecosystem.
*Sips Coffee*
While diving into the Litepaper we decided a thread was in order!
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Mars Protocol @mars_protocol marsprotocol.io
Lending / Borrowing Protocol
Terra Blockchain
LUNA / UST (Potential for Any Collateral)
Mars is a borrowing and lending platform in the Terra ecosystem.
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What makes $MARS unique compared to most protocols is the diversity of assets you can offer as collateral to borrow against.
In most lending protocols these are limited to a few tokens.
$MARS opens this up to any token on the #Terra Blockchain and potentially across #IBC.
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Are you new to the Cosmoverse or to #Crypto in general? Are alot of the terms thrown around CT just gibberish to you? Well we threw together a thread with links to a bunch of great beginner youtubes with some basic explanations for beginners to get a grip on #Crypto.
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What is Cryptocurrency?
A cryptocurrency is a digital or virtual currency that is secured by cryptography.
(It is secured by code on a computer)
Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger.
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(Everyone keeps track of what happens on the network by sharing that code. They all participate together to make the system work properly.)
A defining feature of cryptocurrencies is that they are generally not issued by any central authority.
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