ការដួលរលំនៃ ព្រះច័ន្ទផែនដី wiped off $60 billion from the cryptocurrency market. Fast forward, platforms like Mars Protocol reignited while others like the Pylon protocol dwindled.
Mars was one of Terra Luna’s major lenders. Below is a snapshot of Terra’s decentralized finance (Defy) applications shortly after the ecosystem’s implosion in May 2022. The Anchor protocol, the largest lender, lost over $16 billion in a week.
The lending app Mars Protocol and the Astroport exchange saw a combined $1.2 billion decline in total value locked.
Mars protocol recovery plan
Mars Protocol’s new plan entails a new independent Cosmos app chain that will go live on January 31. Its new functionality will facilitate lending and borrowing on the Cosmos ecosystem for an array of other blockchains.
The mainnet is the last phase of launch after Alpha which ended in November and the Ares test version which is ongoing.
Source: https://www.cryptopolitan.com/terra-lunas-mars-protocol-to-launch-mainnet/