TL;DR: Mars Protocol is shaping up to be a comprehensive DeFi super-app. Originating from Terra Classic, it has expanded into a multichain protocol on Cosmos, offering a suite of services like lending, borrowing, margin trading, and more. This post covers its architecture, products, revenue model, tokenomics, and future roadmap.
Mars Protocol: The Future of DeFi Super-Apps
Mars Protocol isn't just a concept—it's becoming a reality. Here’s a deep dive into what makes this multichain DeFi protocol a game-changer.
Overview:
Mars Protocol started as a dApp on Terra Classic and has evolved into a multichain protocol using a Hub-and-Spoke model.It supports lending, borrowing, margin trading, and high leverage strategies, catering to the needs of DeFi enthusiasts.
Technical Architecture:
Mars Hub: The central command for governance.Satellite Markets: Lending protocols on various chains within the Cosmos ecosystem.
Product Offerings:
Rover Credit Accounts: Unified interface for spot & margin trading, lending & borrowing, and farming.Features cross-collateralization and the option to earn yield on deposited assets.Red Bank: Core lending and borrowing functions with a standard two-slope interest rate model.Margin Trading: Long or short assets with leverage, utilizing the entire Rover account as collateral.Leverage Staking: Enhance yields with leverage, reducing liquidation risks through correlated assets like stATOM & ATOM.
Revenue Generation:
Mars Protocol earns through a 10% cut of all interest payments towards lenders and variable liquidation fees.
Fee Distribution:
Fees are split equally between the Safety Fund and $MARS stakers.
Tokenomics:
$MARS: Initial supply of 1 billion, currently 700 million in circulation. Distribution includes Token Claim (6.7%), Community Pool (63.3%), and Mars Contributors (30%).
Governance:
Governance involves approving outposts, adjusting parameters, and managing the community pool and safety fund allocations.
Key Metrics (as of July 18, 2024):
TVL: $17.73M Osmosis: $16.8M - Neutron: $1.05M
Security and Audits:
Multiple audits by Oak Security and Halborn, with an emphasis on security for every new product launch.[Mars Protocol Audits on GitHub](https://github.com/mars-protocol/mars-audits)
Future Roadmap:
Migration to Neutron: Mars Hub will be deprecated to save costs, focusing on key products within a single ecosystem.[Mars x Neutron Alignment](https://forum.marsprotocol.io/t/mrc-67-mars-x-neutron-alignment/1128)Perpetuals Trading: An oracle-based model for scalability and trading synthetic assets.Copy Trading Vaults: Users can choose traders to mimic, allowing deposits and potential earnings with minimal hassle.
Personal Thoughts:
Mars Protocol offers a best-in-class user experience through its unified Rover accounts.The solid roadmap and strong product track record make it a bullish prospect.

Feel free to dive into the technical aspects or share your experiences with Mars Protocol below!

One of my strongest conviction plays is a DEX that has overcome setbacks after setbacks while continuously shipping in the bear.

Discover what @astroport_fi is in this ultimate research piece, written in POINT FORM, condensed into a convenient 2-minute read!👇

Astroport: The Undiscovered Shooting Star

1. History Of Astroport:

> Started off as an AMM DEX on Terra Classic
> Incubated by @Delphi_Digital
> Grew rapidly to become a top 5 DEX in DeFi
> $1B+ Total Value Locked
> Processed $500M - $1B volume DAILY
> Had 5 Governance Aggregator protocols building on top of it.
> Massively affected by the Terra Classic Collapse

Despite the immense setback, Astroport continued pushing on. After almost 2 years of heads-down building, they have re-emerged with strong success.

2. Significant achievements:

> Expanded to 3 more chains: Sei, Injective, Neutron
> Top AMM DEX on every deployed chain
> $100M Total Value Locked
> $1B cumulative volume in less than 2 years
> Top 30 DEX in DeFi in terms of Daily Volume
> Launched The Interchain's first Passive Concentrated Liquidity

3. Astroport's Current Product Offering:

> Passive Concentrated Liquidity
> Limit orders
> Constant product pools: xyk
> Stableswap pools
> Transmuter pools: 1 <-> 1 asset swap, no trading fees, no slippage
> Built-in IBC bridge
> Permissionless Incentives
> Analytics for ALL pools
> MEV profit sharing (currently only available on Terra)

4. Why Am I So Bullish:

> Affiliation to @Delphi_Digital -> access to strong networks and resources (manpower, funding)

> Good biz dev track record

> Strong management -> rebuilt from zero in a prolonged bear market and survived

> Top-tier UX with above product offerings

> Cutting edge tech

> Hyper focused on important factors that makes the best DEX (best swap rates, UX)

> Strong growth in key performance indicators (TVL, Trading Volume)

> Significant bullish catalysts coming up

5. Bullish Catalysts (mid to long term):

> Additional source of revenue from @asteroidxyz as inscriptions on Cosmos Hub goes parabolic

> vxASTRO -> think Curve wars but for protocols + L1s

> Expansion into Osmosis, the Interchain's largest and most important DEX -> more revenue

> SLAMM -> Omnichain liquidity on demand: https://members.delphidigital.io/reports/slamm-unified-model-cross-chain-liquidity#2-background-0155…

6. Ending notes:

Since relaunching, Astroport has shown prudence in its decision-making processes which have contributed to its present-day success. At its current growth, there is no doubt from me that they will be one of the best performing protocols in the coming bull run.

7. Sources Of Research:

> Astroport Blog: https://blog.astroport.fi
> @DefiLlama
> https://flipsidecrypto.xyz/SocioAnalytica/astroport-analytica-astroport-analytica-aImeWC… by @SocioCrypto

#Write2Earn‬

Parallelized EVM is one of the hottest narratives in 2024 and @SeiNetwork is right at the forefront of it.

Here's the ultimate research report on everything you need to know about Sei and its V2 upgrade in POINT FORM, condensed into a convenient 2-minute read:

1. What is Sei?

> Layer 1 Blockchain
> Integrated/monolithic (not modular)
> Proof-of-stake (POS)
> General purpose

2. What's special about Sei?

> Fastest battle tested L1 LIVE on the market
> Up to 20,000 tps (transactions per second)
> 0.434s of Time To Finality
> In-built Order Matching Engine (Limit Orderbook)
> MEV protection on Orderbook transactions

3. The Tech behind Sei: Twin Turbo Consensus

> Intelligent Block Propagation - ELI5 here: https://twitter.com/jayendra_jog/status/1622643793790128128…

> Optimistic Block Processing - breakdown here: https://twitter.com/jayendra_jog/status/1562116407482953728…

> Parallelization: Parallel processing of transactions

4. Sei V2: Everything You Need To Know

> Integrates Geth to enable EVM (Ethereum Virtual Machine) support
> Upgrades database to SeiDB
> Optimistic parallelization

5. Sei V2: Key Advantages & Benefits

> Full EVM compatibility
> The fastest L1 goes even faster
> 28,300 tps
> 0.39 seconds block times
> 0.39 seconds Time To Finality
> Supports both CosmWasm & EVM smart contracts
> Existing EVM smart contracts can deploy with no code changes
> The first EVM L1 that supports parallel processing
> Web2-like User Experience due to fast speeds
> Uniting the EVM and Interchain ecosystems via IBC (Inter-Blockchain Communication Protocol)

6. Timeline & Progress:

> Code for SeiV2: Completed
> Audit: In progress
> Devnet: LIVE NOW
> Mainnet: H1 2024

7. Ending notes:
That's right, you didn't see it wrongly. The highly anticipated Sei V2 Devnet HAS LAUNCHED.

With the launch of the Sei V2 Devnet comes opportunities that will only be around for this phase. Keep a lookout for updates from Sei protocols for exclusive events that may turn out to be unexpectedly rewarding.

To make your life simpler, subscribe to The Sei Sustenance so that you will never miss out on any important updates from Sei.

END

$SEI

#Write2Earn‬