🛰️ On Feb. 7, Mars is expected to deploy its first-ever Outpost on @osmosiszone. Within the Red Bank, Martians will be able to borrow and lend:

🔴 $axlUSDC
🔴 $ATOM
🔴 $OSMO

Deposit caps apply. Click the full mission guide 👇 or expand 🧵 for a briefing

blog.marsprotocol.io/blog/mars-prot… 1/ A complete Outpost has 3 parts released in phases:

🔴 First, the Red Bank, a credit protocol supporting borrowing & lending

🔴 Second, the Fields of Mars, individually-collateralized leveraged yield farming vaults

🔴 Finally, Rover, cross-collateralized credit accounts

🛰️IMPORTANT TRANSMISSION

Wild price swings might mark the initial price discovery for $MARS on @osmosiszone tomorrow.

If you’re not an expert, please act cautiously until more liquidity arrives in the pool $MARS/$OSMO.

Read on for more insights 🧵👇 1/ In a low-liquidity environment, token prices can change drastically as the pool reserve moves significantly with every trade 📈📉

The impact caused by your own swap is called “price impact”. If the reserve moves during your swap due to another trader, it is called “slippage”.

🛰️ GOVERNANCE VOTES ACTIVATED

With the launch of Mars Hub, the protocol's first 3 governance proposals are live. Vote on:

🔴 Staking rewards
🔴 LP rewards
🔴 Activating IBC

Ascend to the Council and vote with your @keplrwallet or @terra_money Station wallet now. Links below 🔻 1/ To vote with Keplr:

🔴 Mars Hub staking rewards: wallet.keplr.app/chains/mars-hu…
🔴 Osmosis LP rewards: wallet.keplr.app/chains/mars-hu…
🔴 Activating IBC: wallet.keplr.app/chains/mars-hu…

🛰️ MARS HUB DEPLOYED

At 3PM UTC, 16 genesis validators hummed to life and the first red block was forged 🟥

The $MARS airdrop is now live and Mars Hub’s first governance proposals are expected later today.

Mission report 👇 or expand the 🧵
blog.marsprotocol.io/blog/mars-hub-… 1/ Mars Hub offers a neutral coordination point for governance, staking & network expansion.

The network is expandable with the establishment of Red Bank Outposts on other chains, starting soon on @osmosiszone – Cosmos’ leading DEX w/ more than $180m in TVL.

1/ Mars v2 introduces a radical new DeFi primitive to Cosmos: Rovers

Engineered to operate in the cosmos’ harshest environments, rovers aim to give their pilots DeFi superpowers to navigate new, uncharted worlds. Here’s how…

🧵🔻 2/ With the right integrations & approval by governance, anyone could launch a rover to engage in:

🔴 Spot trading
🔴 Margin trading
🔴 Lending & borrowing
🔴 Other DeFi integrations such as lev. yield farming

All in one decentralized credit account with one liquidation point.

DeFi lending protocols, such as Aave and Compound, typically require users to deposit collateral assets before they can become borrowers.

Mars contributors envision a different way forward through the use of “credit accounts” and NFTs.

More 🔻 2/ Mars could give traders the ability to borrow assets, yield farm, and tap leverage without first making deposits. This would work by utilizing a generalized credit account manager built on top of Mars’ Red Bank.

Here's how...

🛰️ INCOMING TRANSMISSION

The Terra Classic snapshots for a proposed future airdrop of $MARS are complete! Please review the spreadsheet to confirm your address(es) and holdings are correct.

docs.google.com/spreadsheets/d…

🧵👇 2/ Note that all amounts in the spreadsheet are denominated in “umars” or "micro mars." Each umars represents 1/1,000,000 of a MARS token. To calculate your airdrop amount, divide the total number of umars by 1,000,000.

🛰️ INCOMING TRANSMISSION

Mission Control is exploring the feasibility of a launch on Terra 2.0.

Initial data = promising. Full report linked below or read on for the tldr

mars-protocol.medium.com/mars-and-terra… 2/ Given the potential architecture for Mars Hub (linked below), Terra 2.0 is a strong candidate for a Red Bank outpost. However, there are some hurdles that must be overcome.

forum.marsprotocol.io/t/an-overview-…

🛰️ INCOMING TRANSMISSION

After extreme disturbances in the Terra network, rovers were deployed throughout the Cosmos galaxy to find a new home for Mars.

Now with data in hand, a plan emerges.

Full briefing linked below or expand 🧵 for the tldr 👇

mars-protocol.medium.com/the-rise-of-ma… 2/ The rapid implosion of Terra was destabilizing and painful. However, it’s radically expanded the vision for Mars.

Rather than a single credit protocol for a single blockchain, it aims to become the credit protocol for all of Cosmos and beyond.

ApolloDao’s credit line proposal = a historic moment for Mars.

Here’s why 🧵👇 2/ Some background:

There’s an ongoing gov vote now at app.marsprotocol.io/#/council.

In it, ApolloDao is requesting a $5 million credit line from the Red Bank.

It’s a groundbreaking moment for Mars.

@ApolloDAO seeks a $5 million credit line to enable a leveraged yield farming strategy for the ANC-UST pair on Apollo and Astroport: app.marsprotocol.io/#/council

🧵🔻 2/ All initial credit lines in the Fields of Mars were issued to yield farming strategies created by Mars’ original developers.

@ApolloDAO is the first third-party protocol to seek a credit line extension.

🛰️ INCOMING PROPOSAL

Delphi Labs has proposed a framework for governing and safely upgrading the Mars Protocol.

Read the full proposal here: forum.marsprotocol.io/t/mrc-0-the-ma… or expand for the tldr 👇 Inspired by @astroport_fi’s governance framework (which was inspired by @MakerDAO), the governance flow has 4 major steps:

1 - Submit a Mars Request for Comment (MRC) in the Mars forums
2 - Edit the original forum post based on community feedback (if desired)

@mars_protocol + @anchor_protocol = synergistic

In this thread, we’ll take a look at how they work together to strengthen the entire @terra_money ecosystem

🧵👇 2/ tldr:

Mars = a decentralized credit protocol with volatile rates

Anchor = a Saving-as-a-Service (SaaS) protocol with predictable rates

🛰️ INCOMING TRANSMISSION

The Fields of Mars = deployed

Read the Field Guide here: mars-protocol.medium.com/guide-to-the-f…

Then, suit up and enter for leveraged yield farming: app.marsprotocol.io/#/fields

Mission notes 🔻 The Fields are launching with three strategies utilizing the parameters and initial credit line caps (which could be hit quickly) shown below.

🛰️ MARS LAUNCH FAQS

Q: Where can I access the app?

Marsprotocol.io or app.marsprotocol.io.

More below 🔻 Q: What is the correct contract address for MARS tokens?

Terra12hgwnpupflfpuual532wgrxu2gjp0tcagzgx4n

///

Q: What is the correct MARS-UST pair address on @astroport_fi?

Terra19wauh79y42u5vt62c5adt2g5h4exgh26t3rpds

When Mars Protocol fully launches on or around March 7, 2022, the Fields of Mars will support three leveraged yield farming strategies:

1. ANC-UST
2. LUNA-UST
3. MIR-UST

Here’s an example of how they’ll work and their launch parameters 👇 Let’s look at the ANC-UST strategy.

Users can deposit @anchor_protocol tokens (ANC) and borrow up to 100% of the value of their ANC in UST. This works out to a 50% Loan-to-Value (LTV) ratio.

***INCOMING TRANSMISSION***

The Phase 2 Liquidity Bootstrapping Auction (LBA) is live

lockdrop.marsprotocol.io

Read on for mission details 👇 Users can deposit $MARS and/or $UST into the bootstrapping auction.

Since $MARS tokens are not yet transferable, you can only deposit airdropped $MARS and/or $MARS rewards from Phase 1 lockdrop participation.

1/*** INCOMING TRANSMISSION ***

Lockdrop deposits are now closed.

Total $UST committed: $250 million

Mission Control extends thanks to all participants who have helped kickstart the journey to Mars.

(con’t)👇 2/If you wish to withdraw a portion of your deposit, you can withdraw up to 50% over the next 24 hours.

At the end of this period, starting approximately 11.00 UTC on Feb. 27, the amount you can withdraw will fall linearly to 0 over an additional 24-hour period.

With the Mars launch imminent, we are excited to announce the first few third-party protocols exploring how they might look to leverage Mars’ C2C lending capabilities.

@AlphaFinanceLab x @SpecProtocol 1/ @AlphaFinanceLab is most well known for pioneering the concept of leverage yield farming on Ethereum with its flagship product, Homora.

Alpha Homora has since expanded to multiple chains including Avalanche and BSC, with close to 1B in TVL combined.

Mars = 2 money legoes in one:

- The Red Bank
- The Fields of Mars

Everyone seems to understand the Red Bank. Few get the Fields of Mars. Let’s change that right now.

Thread 👇 The Red Bank is what most people imagine when they think of Mars. It’s where users can deposit crypto and collect fees on it as others come along to borrow it.

Depositors can also use their deposits as collateral to borrow more crypto.

Q: Why deposit in the lockdrop when I could just deposit $UST in @anchor_protocol and earn 20% yield?

A: Everyone needs to do their own risk-reward analysis. However, let’s explore some potential advantages to participating in the lockdrop…

🧵👇 1. Lockdrop depositors will receive $MARS tokens with the full launch of the protocol around March 7, 2022 (100% of $MARS rewards will be available with no lockup).