Stablecoins blasts in from outta this world and is now giving users gains near to 4,000% APY!
Powerful Mars Ecosystem Genesis Event
The Mars Ecosystem successfully launched their Genesis 1 Stablecoin, USDM. The mint process, which started on Nov. 21 at 13:00 UTC, hit the cap within 19 minutes.
The successful launch and integration of the USDM coin is a major milestone for the Mars Ecosystem. The mint showed the hype behind USDM as the final mint commitment was over 16 Million BUSD, over 3x the mint cap. Mars Ecosystem has rewarded participants with APYs juiced to nearly 4,000%.
“A huge shout-out to all the participants of ‘Genesis Event 1,” read the Mars Ecosystem Medium recap. “ It is truly magnificent, and we hope for the same success in the coming up ‘Geneses Event 2’.
A winner of the Binance MVBIII – September Monthly Stars, Mars Ecosystem has been building a name for itself on this planet and Binance Smart Chain. There will be Genesis for 30 days, and the purpose of the Genesis events is to boost the USDm mint and to distribute XMS, BTC, ETH, BNB, CAKE to the early supporters of USDm for free. The second Genesis event has not been announced.
What is Mars Ecosystem
Mars Ecosystem is a top stablecoin DeFi ecosystem that successfully raised $2 million in seed funding. The protocol employs a new decentralized Stablecoin paradigm, which solves the fundamental problem of Stablecoin Protocols (The Positive Externality Problem) by internalizing the positive externality: it integrates the creation and the use of stablecoin into one ecosystem. Mars Ecosystem’s smart contracts are audited by: Certik and SlowMist. The protocol also offers a Bug Bounty with Immunefi.
Where to find more about Mars Ecosystem:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.