Mars Ecosystem – A New Decentralized Stablecoin Paradigm

In 2020, the market cap of decentralized stablecoins increased 20 times. Despite a sharp increase, the current market share of decentralized stablecoins is less than 10%. The future growth potential will be even greater. Mars Ecosystem, a new project aimed at tackling the challenges of decentralized stablecoins, is pleased to confirm that it has successfully raised $2 million in seed funding. Tur has received investments from several major blockchain funds, including Continue Capital, Parallel Ventures, Kernel Ventures, and YBB Foundation. The team will now use the funds to reach milestones on the ambitious 2021 roadmap, including the upcoming Genesis launch. Key Issues of Decentralized Stablecoin Protocols Currently, several stablecoin protocols face tradeoffs in price stability, degree of decentralization, and scalability. There are also two basic problems in common: one is the problem of positive externality and the other is the problem of integration. Positive externality problem of stablecoin protocols: The costs of generating and maintaining stablecoins are borne by the protocol and its users (miners, shareholders, bondholders), but most of the value comes and is captured from stablecoin transactions on other DeFi protocols. The Stabilcoin protocol by these DeFi protocols cannot capture the value it creates like other DeFi protocols, so the stablecoin supply of the stablecoin protocol is always less than the actual demand for it in the crypto economy. Integration problem of stablecoin protocols: The demand for stablecoins generated by the stablecoin protocol is highly dependent on the degree of integration of stablecoins with DeFi protocols other than the stablecoin protocol. If the integration of stablecoins with other DeFi protocols is ignored, the growth in the supply and stability of stablecoins will be affected. Solution of Mars Ecosystem

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