Mars Ecosystem joins Alpaca Finance’s Grazing Range Pool
Dear Hitchhikers of Mars Ecosystem,
On November 4th, we are excited to announce that Mars Ecosystem and Alpaca Finance will conduct in-depth cooperation at both product and community levels. AlpacaFinance is the 1st leveraged yield farming protocol on BSC.
All you young alpacas will be able to stake ibALPACA for $150k USD in XMS rewards, which will be distributed over 4+ weeks in the Grazing Range. The pool will go live on Nov 11th, 2021 at 10:00 AM GMT. As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.
A leveraged yield farming pool for $XMS may be supported in the future if it meets the minimum liquidity requirements.
🌟 Grazing Range Reward Details
Total Rewards: 122,688 XMS (~$150k USD)
XMS Token: 0x7859b01bbf675d67da8cd128a50d155cd881b576
Rewards Period: 4+ weeks
Rewards Start Block: 12,562,700 (Approx. Nov 11th, 2021 2:30 PM GMT)
Rewards End Block: 13,426,700 (Approx. Dec 11th, 2021 2:30 PM GMT)
🌟 $XMS Vesting Schedule
Please note that there is a 180-day vesting schedule on all XMS distribution. Every time you harvest XMS rewards from the Grazing Range pool, the claimed rewards will be split into two portions and follow the vesting schedule below:
Portion 1: 1/60 of XMS earned will be claimable upon harvest.
For example, if you claim 60 XMS from the GR pool, 1 XMS will be available immediately while the remaining 59 XMS will go to Portion 2.
Portion 2: 59/60 of XMS harvested will be vested, with each 1/60 of the remaining amount becoming available at the start of the following three-day vesting period after the period in which the rewards are claimed, per the schedule here.
To understand this example, please refer to this vesting schedule. Let’s assume that on November 13th (which is within period 1), you claim 60 XMS from the XMS GR pool. The following will happen:
- 1 XMS (Portion 1) becomes available immediately
- The remaining 59 XMS become vested (Portion 2)
- On November 14th, 00:00 GMT (start of period 2), 1 XMS of the 59 XMS in portion 2 becomes claimable
- On November 17th, 00:00 GMT (start of period 3), another 1 XMS of the 59 XMS in Portion 2 becomes claimable
- The process repeats and 1 XMS token becomes claimable at the start of each period until May 7th, 00:00 GMT (start of period 60), where the last XMS of Portion 2 becomes claimable, thus completing the 180-day vesting period.
Please note that Portion 1 of claimed rewards from XMS GR can be claimed at Alpaca Finance’s Grazing Range page. Portion 2 of the remaining rewards will be claimable on Mars Ecosystem’s claim page, where the balance of both the locked and unlocked XMS rewards from Portion 2 will be displayed.
Please also note that your XMS rewards will have different vesting schedules depending on when you first harvest them. For example, the rewards first harvested in Period 1 will be fully vested at the start of period 60 and the rewards first harvested in Period 2 will be fully vested at the start of period 61 even though the rewards are generated from the same principle.
🌟 Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ibALPACA in the XMS Grazing Range pool before November 12th, 10:00 AM GMT (1 day after the pool opens) and stake until at least December 11th, 10:00 AM GMT (for 29 days). The NFT tier you receive will be based on the amount of ibALPACA staked.
- Green Tier: staked at least 500 ibALPACA
- Silver Tier: staked at least 5,000 ibALPACA
- Gold Tier: staked at least 50,000 ibALPACA
🌟 About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.
As an enabler for the entire DeFi ecosystem, Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders. It’s through this empowering function that Alpaca has become a fundamental building block within DeFi, helping bring the power of finance to each and every person’s fingertips, and every alpaca’s paw…
To learn more about Alpaca Finance, you can visit their official communication channels:
Telegram Group: https://t.me/alpacafinance
🌟 About Mars Ecosystem
Mars Ecosystem is the 🥇1st stablecoin Defi ecosystem, which has successfully raised 💰$2 million in seed funding from Continue Capital etc.
Mars Ecosystem’s smart contracts are audited by the best security auditors in the world: Certik and SlowMist. And offers a Bug Bounty with DeFi’s leading bug bounty platform, Immunefi.
The stablecoin module of Mars Ecosystem will be launched on BSC in November, and a “Genesis” will be held at the same time.
The purpose of this Genesis is to incentivise the minting of USDM and to distribute XMS to the early supporters of USDM for free.
The duration of Genesis is 30 days. A series of “Genesis Events” will be held during this rollout.
Read the details of Genesis here: https://docs.marsecosystem.com/whitepaper/genesis
🔥 Farms&Pools with high APR
Mars Ecosystem launched successfully Farms/Pools in September. We designed a new economic mechanism for the farms/pools to make them more sustainable, and the APR is relatively high compared with many other well-known projects. In this way, users can get higher profits in a long-term period.
Till now, our TVL has surpassed $600 Million already. And the APR is still more than 500%.
After increasing CAKE rewards again on November 5th, the daily rewards for users are now：
15,500 CAKE + 260 #BNB + 0.25 #BTC + 3.5 #ETH = $500,000
Mars Ecosystem believes that users are the foundation of growth, so we are currently rewarding 90% of our revenue to XMS equity holders in the form of BTC, BNB, ETH, CAKE through the XMS staking pool, with the remaining revenue going into our DAO vault to support the project and its MKT development.
Currently, the Mars Ecosystem team has distributed a total of $14.9 million in rewards to users.
Start to earn: https://app.marsecosystem.com/pools
🔥 As BSC MVBIII Monthly Star
As one of the most potential and hottest projects on BSC, Mars Ecosystem has won the Monthly Star of BSC MVBIII Program in September, which means that Mars Ecosystem has excellent volumes of active users and total transactions. More importantly, it means BSC recognized security status, product innovation level, development activity, and community engagement.
We’ll continue to work hard for the prosperity of BSC Ecosystem.
🔗 Useful links
👾 Join our community
🌟 English Telegram: https://t.me/mars_ecosystem
🌟Chinese Telegram: https://t.me/Marsecosystem_chinese
🌟Indonesian Telegram: https://t.me/marsecosystem_IDSA
🌟Vietnam Telegram: https://t.me/marsecosystem_vietnam
🌟Spanish Telegram: https://t.me/marsecosystem_ES
🌟Russian Telegram: https://t.me/marsecosystem_cis
🌟Portuguese Telegram: https://t.me/marsecosystem_Pt
🌟French Telegram: https://t.me/marsecosystem_french
🌟Thailand Telegram: https://t.me/marsecosystem_thailand
👨🚀 Great things are on the horizon and together we will build a New Decentralized Stablecoin Era!
The Marsecosystem Team