Thread by @CryptoKaduna

1/ The #KAVA ecosystem has been a hot topic with its 200M $KAVA developer incentive program.

One project on @KAVA_CHAIN has already gained the title of the fastest growing lending protocol in all on Web3.

Let's take a look at that project $MARE - @MareFinance 🧵

2/ What is @MareFinance ?

Mare Finance is a decentralized and open source lending protocol built on the $KAVA blockchain.

Designed for individuals, institutions, and protocols Mare Finance is a peer-to-peer lending platform designed for everyone.

3/ With plans to become the leading lending platform on #KAVA they offer competitive incentives for the money markets and aim to have the deepest liqudity.

@MareFinance is based of the popular lending platforms such as @compoundfinance and @AaveAave.

4/ The @MareFinance aims to accomplish the goals of being the prime liquidity market and have the greatest yields without impermanent loss by designing a unique tokenomics model.

5/ $MARE Utility

The @MareFinance protocol generates revenue when users borrow from the liquidity markets.

Initially 80% of this revenue is rewarded to $sMARE stakers for the first 3 months.

After the 3 months 100% of revenue goes to $MARE stakers 👀

6/ $MARE also receives revenue from $VARA rewards that come from @EquilibreAMM a AMM & liquidity marketplace on #KAVA.

@MareFinance leverages Equilibre Finance with a unique bribe-reward mechanism to leverage Equilibres liquidity.

7/ This is done by rather than giving $MARE rewards to LPs @MareFinance uses the $MARE to bribe $VARA holders to vote for the MARE/USDC liquidity pair.

This is return increases the APR on the MARE/USDC LP farm.

8/ So @MareFinance can then stake the LP on $VARA to earn VARA which 80% of the $VARA can then be distributed to $sMARE stakers.

This means that sMARE stakers will earn revenue from both @MareFinance and $VARA tokens.

9/ Distribution

The $MARE token has the following distribution:

Rewards + Bribes - 60%
$SONNE Stakers - 15%
Core Team - 12%
Protocol Growth - 4%
LGE Participants - 3.5%
Community Airdrops - 3%
Initial Liquidity - 2.5%

10/ All tokens given to the core team have a 2 year linear vesting period.

The LGE (Liquidity Generation Event) was used as a fair launch method where all initial liquidity will be locked for 180 days, ensuring early liquidity.

11/ The airdrop was at launch and was available to the following:

• @EquilibreAMM users
• @MareFinance Discord users
• First week $sMARE stakers

12/ The Platform

The @MareFinance has a great and easy to use UX with a built in DEX powered by @EquilibreAMM making it easy for users to swap USDC for $MARE to participate.

Within the platform there is also the lending, staking, markets, portfolio, claim and LGE tabs.

13/ Having only launched recently @MareFinance has gained some impressive stats already crossing over $40 Million Total Value Locked (TVL).

Total borrow: $121M
Total supply: $162M

14/ Currently @MareFinance offers reward APRs ranging from 8.79% right up to 52% when supplying assets.

When borrowing assets the reward APRs currently range from 12.6% up to 62.4%

The staking APR for $MARE is currently sitting at 101%.

15/ With the @KAVA_CHAIN ecosystem heating up due to the 200M $KAVA developer incentive program @MareFinance is definitely one to watch

With an impressive launch already gaining over $40M TVL and $1.7M in trading volume over the past 24 hours the $MARE token is really heating up

16/ The $MARE Token

Price: 0.57
Market Cap: $3.1 Million

$MARE can be purchased on @EquilibreAMM

Do not swap KAVA for MARE because most liquidity is in the USDC pair.

Check out their discord for the stats below.

17/ Wondering how to fund your $KAVA wallet?

Check out this thread:

https://twitter.com/PrudentSammy/status/1633374432289857536

More in-depth guide: equilibre-finance.gitbook.io/equilibre-fina…

18/ I think this is only the beginning for a $KAVA season. Since there is still 192M $KAVA developer incentives remaining out of the initial 200M.

19/ Useful Links:

Website: mare.finance
Docs: docs.mare.finance
Discord: discord.com/invite/marefin…
Twitter: twitter.com/MareFinance
Chart: dexscreener.com/kava/0x0e1bc19…
Chainlist: chainlist.org

20/ Who might be interested or talking about $MARE?

@Crypt0_Andrew @CryptoDamus411 @ChadCaff @MariusCrypt0 @RomeoTrades @cryptocevo @cryptolad1256 @defiprincess_ @resdegen @EricCryptoman @ViktorDefi @VirtualKenji @LouisCooper_ @TheDeFinvestor @DeFiMinty @TheDeFISaint

21/ If you enjoyed the thread, you can support me by retweeting the first post below:

https://twitter.com/CryptoKaduna/status/1633463372850290690