Wonky Mars Protocol launch shows ecosystem expansion may not add to network v...

Wonky Mars Protocol launch shows ecosystem expansion may not add to network v...

Terra’s “liquidity bootstrapping pools” were meant to prevent DeFi protocol token pump and dumps at launch but the model is not as effective as expected. New protocols are launching everyday on different networks in the crypto space and the trend is likely to continue through this year. When looking at the top 5 networks by total value locked (TVL) — Ethereum, Terra, Binance Smart Chain (BSC), Avalanche and Solana,  according to data from DeFiLlama, Ethereum have 579 protocols (including L1 and L2); Terra has 25, BSC has 348, Avalanche and Solana have 187 and 64 protocols respectively. The....


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Mars Protocol To Launch On Terra, But Why MARS Has Seen A Massive Dump

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Terra contagion leads to 80%+ decline in DeFi protocols associated with UST

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Ruling the headlines on the BSC network is now a norm for the Mars Ecosystem. Armed with some of the highest APRs in the DeFi space and an ever-growing TVL, the team recently earned a Monthly Star in the Binance Smart Chain “Most Valuable Builders” program and is working towards reinventing the utility of Stablecoins. With BSC supporting Mars’ products and technology, it adds a layer of credibility to the constantly evolving Mars ecosystem. In this write-up, we will deep dive into stablecoins and what Mars Ecosystem means to the future of DeFi and crypto. Stablecoins were first....