Contents
- Summary
- How it Works
- Controller — Dynamic Interest Rates using Control Theory
- Token Economics (MARS)
- Why Terra
- Trustless Governance
- The Future
1. Summary
Mars is a bank of the future: non-custodial, open-source, transparent, algorithmic and community-governed.
Like all banks, Mars aims to attract deposits and lend out this money while managing illiquidity and insolvency risk. Unlike any other bank, Mars is a fully automated, on-chain credit facility governed by a decentralised community via a transparent governance process. …
“The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.”
— Russian rocket scientist Konstantin Tsiolkovsky
The fifth epoch has begun.
First, computing had mainframes (Epoch 1). The size of rooms, these computational behemoths gave birth to PCs (Epoch 2).
PCs gave us the web (Epoch 3), which led to mobile computing (Epoch 4).
Today, blockchain represents a new computational epoch or paradigm (Epoch 5).
Because it’s open-source, this epoch does not grow linearly but exponentially.
Innovation curves ladder on top of innovation curves.
