Mars Ecosystem Weekly Report #34

2 min readApr 25, 2022

Dear Mars Ecosystem community members,

Below are the project’s highlights for the most recent week (18th Apr. — 24th Apr.):

🌟1. Announced that XMS will start full deflation

Mars Ecosystem will finally close the stake CAKE/PancakeSwap LP earn XMS pool and farms.

The decision we made is to actualize the deflation of XMS and keep the value model of XMS fully backed by StableCoin-oriented means.

Read it carefully:

https://mars-ecosystem.medium.com/xms-will-start-full-deflation-c0b2d0c480d

Check the details:

https://twitter.com/MarsEcosystem/status/1517863088128733191

🌟2. Announced the closure of the stake CAKE/PancakeSwap LPs earn XMS pool and farms.

We’d like to share with you, that after much preparation and anticipation, we will finally close the stake CAKE/PancakeSwap LPs earn XMS pool and farms at 1 PM UTC on April 25th, 2022.

The reduction in the amount of XMS rewards will lead to a reduction in Mars’s protocol revenue and all Mars Pools & Farms that reward CAKE, BNB, BTC, ETH, and USDm which all come from protocol revenue.

Check the details:

https://twitter.com/MarsEcosystem/status/1517591942485401600

🌟3. Released AMA recap: Roadmap, Stableswap, and Mars Treasury.

On the 21st of April, the Mars Ecosystem AMA recap was released which contains the details about Mars Ecosystem’s Roadmap, plans on Stableswap, and details regarding the Mars Treasury.

Thank you for waiting for our updates and for your support.

Read it carefully: mars-ecosystem.medium.com/c27e9f56a88c

Check the details:

https://twitter.com/MarsEcosystem/status/1517147610380791808

🔗 Mars Ecosystem useful links