Marscoin · About

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 Mars (referred to as 'Contract-to-Contract' or C2C borrowing). The protocol involves various participants, including Lenders, Collateralized Borrowers, whitelisted Contract-to-Contract Borrowers, and the Martian Council. Users can lend their CW20 assets to earn dynamic interest and can borrow against their deposited collateral to increase profits. Smart contracts can also take loans from the Mars protocol, which is protected by a liquidation strategy. Only approved whitelisted projects can access C2C loans, subject to governance limits and approval. The ecosystem includes four key stakeholders: Lenders, who deposit assets into liquidity pools to earn interest; Collateralized Borrowers, who borrow assets using their deposits as collateral; Contract-based Borrowers, which are smart contracts borrowing without collateral and must be approved by governance; and the Council, which stakes MARS tokens to earn fees, participate in governance, and backstop protocol risks.