Delphi Labs Proposed to Shut Down Mars Protocol Contracts and Return Deposits to Users

Delphi Labs raised a proposal in Mars Protocol community, suggesting that the protocol be upgraded to automatically close open positions and refund users by returning their deposits to their wallet addresses, which will essentially shut down the protocol and clear all assets it currently holds. Implementing this upgrade does not preclude the potential that Mars Protocol could launch on a future Terra hard fork or another chain.
Source

Terra

DeFi

In This Article

Related News
Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51 Bernstein names Robinhood as top 'crypto deregulation trade,' raises price target to $51
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Radiant Capital hacker moves $52M in stolen funds Radiant Capital hacker moves $52M in stolen funds
Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham Tesla likely still owns $780M in Bitcoin despite recent shuffle: Arkham
Cardano shifts to decentralized governance as Chang hard fork goes live Cardano shifts to decentralized governance as Chang hard fork goes live
Latest News More More
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
22 Hours Ago Sony’s Layer-2 Blockchain 'Soneium' Goes Live
23 Hours Ago Japan’s Remixpoint buys 33.3 additional bitcoin, boosting holdings to nearly $32 million
2 Days Ago Arbitrum, Azuki-backed Animecoin unveils tokenomics with over 50% community allocation
2 Days Ago Singapore bans Polymarket amid national crackdown on online gambling sites
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open