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)

Distribution Schedule:

🌟 $XMS Vesting Schedule

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.

Example:

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

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:

APP: https://www.alpacafinance.org/

Github: https://github.com/alpaca-finance

Twitter: https://twitter.com/AlpacaFinance

Telegram Group: https://t.me/alpacafinance

Discord: https://t.co/TbYtZ2xqlf?amp=1

Medium: https://medium.com/alpaca-finance

🌟 About Mars Ecosystem

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.

🔥Genesis

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

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

We’ll continue to work hard for the prosperity of BSC Ecosystem.

🔗 Useful links

📙 Whitepaper

📈 DAPP

🌎 Website

🐦 Twitter

🎬 Youtube

🤖 Discord

📝 Medium

🧠 Reddit

👾 Join our community

🌟Chinese Telegram: https://t.me/Marsecosystem_chinese

🌟Indonesian Telegram: https://t.me/marsecosystem_IDSA

🌟Vietnam Telegram: https://t.me/marsecosystem_vietnam

🌟Turkish Telegram:https://t.me/marsecosystemturkey

🌟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!

Yours sincerely,

The Marsecosystem Team