Announcing the launch of Mars Ecosystem Stablecoin module

🔥 Genesis

The purpose of this Genesis is to incentivise the minting of USDm and to distribute XMS, BTC, ETH, BNB, CAKE to the early supporters of USDm for free.

🔥 Genesis Event 1

🔥 Enjoy High APR with USDm

Immediately after the Genesis Event 1 ends, users can stake USDm to earn XMS, BTC, ETH, BNB, CAKE at Mars Pool with 1000%+ APR.

🔥 Liquidity for USDm

The BUSD that the user successfully mints into USDm during the Genesis will be deposited into the Mars Treasury. After Genesis Event 1 ends, all of the BUSD deposited in the Mars Treasury will be used to provide liquidity for the USDm-BUSD trading pair on MarsSwap. All BUSD deposited into Mars Treasury in the later Genesis Events will be temporarily stored in Mars Treasury. After Genesis ends and the USDm price stabilises at $1, these BUSDs will be used to provide liquidity for the USDm-BUSD trading pair on MarsSwap.

🔥 Security

We are all concerned about the security issues, as we promised, ensuring the safety of user assets is our top priority.

🔥Module restrictions

In order to achieve the purpose of incentivising the minting of $USDm and to be consistent with the economic dynamics caused by the unique economic mechanisms of Genesis, the following modules will not be open in Genesis:

  • USDm Minting
  • USDm Redeeming
  • USDm Mintage Control

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