Mars Protocol Opens Liquidity Bootstrapping Auction (LBA) Phase 2

TokenInsight news, Terra credit loan protocol Mars Protocol has opened Liquidity Bootstrap Auction (LBA) Phase 2. Liquidity providers who commit $MARS tokens and/or $UST to the $MARS-$UST bootstrapping pool will receive additional $MARS tokens when Mars launches. Since $MARS tokens are not yet transferable, you can only deposit airdropped $MARS and/or $MARS rewards from Phase 1 lockdrop participation. In addition, anyone can deposit any amount of $UST. Note that users can only deposit $MARS into the $MARS-$UST boot pool for the first 3 days and $UST for the first 5 days. All committed tokens will be converted to $MARS-$UST liquidity pool (LP) tokens and used to launch a $MARS-$UST liquidity pool on Astrport. Deposited LP tokens will unlock linearly over a period of 90 days. In exchange for participating in the auction, users will receive a pro rata share of 10,000,000 $MARS tokens that unlock linearly over 30 days from the launch of the full Mars Protocol around March 7.
Source

Terra

In This Article

Related News
Avalanche buys back $53M of AVAX tokens from Terra’s LFG Avalanche buys back $53M of AVAX tokens from Terra’s LFG
Terra chain halts operations, ASTRO token falls over 60% Terra chain halts operations, ASTRO token falls over 60%
Latest News More More
8 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
8 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open