Mars Ecosystem is an innovative decentralized Stablecoin system that resolves a key issue faced by Stablecoin Protocols called the Positive Externality Problem. It accomplishes this by internalizing the positive externality, merging the creation and use of stablecoins within a single ecosystem. The relationship between Mars Stablecoin and Mars DeFi primitives forms a beneficial feedback loop, resulting in a flywheel effect.
The stability and liquidity of Mars Stablecoin are backed by the Mars Ecosystem Token (XMS) and the Mars Treasury. The Mars Treasury is funded by various cryptocurrencies. In addition to integrating with existing DeFi protocols, Mars Ecosystem introduces Mars Swap, Mars Stableswap, and Mars Money Market to offer added value to Mars Stablecoin users and XMS holders.
XMS holders enjoy governance rights and oversee the management of the Mars Treasury. Furthermore, XMS can be staked at a DEX (Decentralized Exchange) to earn a portion of the transaction fees generated on the DEX. Mars Swap functions as a DEX similar to Uniswap, providing extensive liquidity for trading between Mars Stablecoin and all other tokens.
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