There have been numerous advancements in the way DeFi systems work as a result of the enormous growth of Defi in popularity and adoption during 2021. Binance Smart Chain's (BSC) development has moved at a breakneck speed. With billions of dollars put in liquidity pools and yield farms on the network, a large number of successful DApps are fully operating.
The world's first stablecoin Defi ecosystem, Mars Ecosystem, will be launched on BSC shortly. It was developed by a group of academic researchers with leaders from some of the world's top universities, including Stanford University. The team has created a first-of-its-kind stablecoin-based ecosystem that combines stability and sustainability by integrating the features of mint, stake, swap, and farm with high incentivization– this distinguishes Mars Ecosystem from competitors.
Over $2m Raised in Seed Funding from Top VCs
Continue Capital, Parallel Ventures, Kernel Ventures, and the YBB Foundation, among others, have contributed $2 million in seed capital to the Mars Ecosystem. This revenue is used to guarantee that the platform can provide all of the benefits outlined in the roadmap, as well as for protocol development in the future.
Mars Ecosystem will Launch Yield Farming with High APRs
In its own ecosystem, the Mars ecosystem incentivizes users via minting (USDM as the stablecoin), staking (XMS as the governance token), trading (swap of top Defi tokens), and yield farming (by providing liquidity in the pools). The Mars ecosystem's innovation includes a well-designed mintage control mechanism, which will be revealed when the stablecoin module's launch during the next genesis event. To begin rewarding the early participants, the yield farming will be available online.
By offering high and sustained yields with security, the Mars Ecosystem is adopting yield farming with a unique design to incorporate liquidity providers in the ecosystem as well as LP token holders of other protocols. Cake and PancakeSwap LP token holders, for example, can stake and earn high APRs in this new farm. This is expected to appeal to both beginners and experienced investors by providing a fun and financially secure opportunity for all.
SlowMist & Certik Audited – Fully Secured Platform
Unlike many other platforms that release "beta" versions with basic "invest at your own risk" advisories, this one does not. Certik and SlowMist have thoroughly audited all contracts at Mars Ecosystem. Certik's SkyNet functionality will continue to monitor smart contract implementations if no issues are discovered.
As security is a top focus for the platform, Mars Ecosystem will soon be teaming with Immunefi, the DeFi security experts, to give a bug reward for any flaws discovered within the ecosystem.
Growing Together with Binance Smart Chain
Mars Ecosystem has entered BSC's MVBIII (Most Valuable Builder) program, and the initiative is gaining traction thanks to community support. Mars Ecosystem aims to use BSC's support by developing a platform on the Binance Smart Chain. Mars Ecosystem seeks to fill the void left by BSC in the field of decentralized stablecoins by building a platform on the Binance Smart Chain. This will also enable BSC spread to other blockchains.
“MVB III aims at helping BSC-based startups grow into stable, reliable, and valuable parts of the crypto ecosystem during the heaviest traffic and retain low costs, and BSC infrastructure can deliver this.”– Binance
Media Contact
Company Name: MarsEcosystem
Contact: David Zhou
Phone: +34 688032481
Email: [email protected]
Website: www.marsecosystem.com
Original Source of the original story >> Mars Ecosystem – Bringing DeFi to a New Level of Innovation
