Mars: decentralized, automated credit protocol with community governance.
Mars is a decentralized, open-source credit protocol that facilitates borrowing, lending, and governance through community participation and automated on-chain mechanisms.
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What is Mars Protocol (MARS)?
Mars is a credit protocol designed for the future: it is non-custodial, open-source, transparent, algorithmic, and governed by the community. Like traditional banks, Mars seeks to attract deposits and lend this money while managing risks related to illiquidity and insolvency. Unlike banks, Mars operates fully automatically on-chain, with its credit infrastructure governed by a decentralized community through transparent governance processes. All decisions are made by the Martian Council, which consists of MARS stakers who have a vested interest in the protocol’s risk management, in exchange for a portion of the borrowing fees. Mars offers two main types of borrowing: User borrowing from the Red Bank (also known as 'Contract-to-Borrower' or C2B borrowing) and Smart Contract borrowing within...
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Mars Protocol price live information
As of now, Mars Protocol is trading at 0.005133 USD, with a 24-hour trading volume of approximately 0 USD. The MARS to USD price is updated in real time. Over the past 24 hours, Mars Protocol has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 448.63K USD. Currently, there are 87 399 752 MARS in circulation out of a maximum supply of 457 414 004.967801 MARS.
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