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
Term Finance recovers $1 million of $1.6 million loss to oracle configuration error Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum Wildcat, the decentralized credit platform built by Crypto Twitter mainstay Laurence Day, launches new version on Ethereum
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
Latest News More More
6 Hours Ago Daily Market Wrap | Aug. 20
1 Day Ago Daily Market Wrap | Aug. 19
2 Days Ago Daily Market Wrap | Aug. 18
5 Days Ago Daily Market Wrap | Aug. 15
6 Days Ago Daily Market Wrap | Aug. 14
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open