In our first code review session, Mars contributor @larry0x covered the upcoming Airdrop contract for the new $MARS tokens. In it, he discussed the design of the Airdrop contract, coin types, merkle proofs, and the contract’s functions and queries. For our second session, @larry0x is back to go over recent…

Last week, Mars contributor @larry0x hosted an interactive code review of the upcoming airdrop contract for the new $MARS tokens; check out the recording here. This article will serve as a follow-up breakdown of general topics that were discussed. Introduction to the Airdrop Contract Users interact with a CosmWasm smart contract via entry point functions…

As painful as Terra’s implosion was, it radically expanded the vision for Mars. Rather than a single credit protocol for a single blockchain, it aims to become the credit protocol for all of Cosmos and beyond. To do that, Mars will launch its own Cosmos SDK blockchain, Mars Hub, and…

A fleet of Mars rovers has been deployed to explore launching an outpost of Mars’ Red Bank on Terra 2.0. Early data suggests it’s possible and in the article below, we’ll explain how Mars gets there. Recently, Mars contributors announced the rise of Mars Hub and an outpost on Osmosis…

After extreme disturbances in the Terra network, Mars contributors sent rovers throughout the Cosmos ecosystem. Launched by Delphi Labs, they were tasked with finding a new home for Mars’ Red Bank and the experimental applications launched in the Fields of Mars. …

Less than three months ago, a small band of explorers journeyed millions of miles to reach Mars. There, they built out a credit protocol in the Red Bank. They coaxed life out of the dry Martian soil with leveraged yield farming in the Fields of Mars. …

The true power of Mars lies in its credit lines. With them, third-party protocols can borrow from the Red Bank without first depositing another asset as collateral. This special form of lending — dubbed Contract-to-Contract (C2C) lending — happens in the Fields of Mars, and it’s the key to Mars’…

Stader Labs’ liquid staking token LUNAX gives holders the ability to earn staking rewards and air drops on the Terra blockchain without locking their tokens or maintaining staking infrastructure. A new governance proposal would list LUNAX as a collateral asset for lending and borrowing on the Red Bank. “Stader promotes…

Mars’ Red Bank currently supports three assets: Anchor Protocol (ANC) Terra (LUNA) Terra USD (UST). Delphi Labs just pushed an on-chain vote live to add a fourth: Staked Luna (stLUNA). A liquid staking derivative of LUNA offered by Lido, stLUNA allows users to earn staking rewards on their LUNA without…