MilkyWay Docs
  • INTRODUCTION
    • Welcome to MilkyWay
    • Mission and Vision
    • MILK
      • Tokenomics
    • Whitepaper (PDF)
  • User Guides
    • For Liquid Stakers
      • Quick Start
      • Liquid Staking 101
      • Celestia (milkTIA)
        • Using third party apps
          • Camelot
          • Demex
          • Dymension
          • Levana
          • Margined
          • Mars
          • Osmosis
          • UX
      • Initia (milkINIT)
      • Babylon (milkBABY)
        • User Flow
        • One-Click Stake
    • For Restakers
      • Quick Start
      • Restaking 101
      • Creating a wallet
      • Restaking your assets
      • For Restakers
    • Bridging
      • Hyperlane
      • IBC Eureka
  • Infrastructure Operators
    • For MilkyWay Validators
      • Quick Start
      • For Validators
        • Consesus node
        • Validator node
  • Architecture
    • Modular Liquid Staking
      • Overview
      • For Celestia (milkTIA)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkTIA
          • Contract Specifications
          • APIs specification
      • For Initia (milkINIT)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkINIT
          • Liquid staking module specifications
          • Chains specifications
      • For Bablyon (milkBABY)
        • Technical Architecture
          • Liquid Staking Process
          • Withdrawal Process
          • Exchange Rate
          • Compound Staking Rewards
          • Claim Process
          • Limits and Restrictions
        • Integrating with milkBABY
          • Liquid staking module specifications
          • Chains specifications
    • Modular Restaking
      • Overview
        • Technical Architecture
        • Design Philosophy
        • Programmable Rules
        • Economic Model
        • Use Cases
      • Modules
        • x/assets
        • x/ibc-hooks
        • x/liquidvesting
        • x/operators
        • x/pools
        • x/restaking
        • x/rewards
        • x/services
        • x/tokenfactory
      • For Service Operators
        • Quick Start
        • For Operators
          • Operator Management
          • Opt-in and Opt-out Services
      • For Service Developers
        • Quick Start
        • For Services Admins
          • Service Management
          • Inviting Operators to Join Your Service
          • Creating Rewards Distribution Plan
  • SECURITY
    • Audits
    • Bug Bounty Program
  • APPENDIX
    • Official Links
    • Frequently Asked Questions
    • Glossary
    • Branding Resources
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On this page
  • Introduction to Mars Protocol
  • Lend on Mars
  • Borrow on Mars
  • Risk Parameters
  • Tips for Using Mars Protocol
  1. User Guides
  2. For Liquid Stakers
  3. Celestia (milkTIA)
  4. Using third party apps

Mars

PreviousMarginedNextOsmosis

Last updated 11 months ago

Introduction to Mars Protocol

Mars is a pioneering credit protocol designed for the future: decentralized, self-sovereign, inter-chain, non-custodial, open-sourced, and community-governed. It features the "Red Bank," which facilitates over-collateralized loans with a two-slope interest rate model, akin to those used by Aave or Compound.

For more detailed information, visit their .

Lend on Mars

To start lending on Mars, follow these steps:

  1. Access Mars: Navigate to the .

  2. Connect Your Wallet: Connect the wallet that contains your milkTIA tokens.

  3. Create Credit Account: Click on "Credit Account," then click on "Create," and confirm the transaction. If you already have a Credit Account, skip this step.

  4. Fund Credit Account: Select milkTIA, enter the amount you wish to fund, and confirm the transaction.

  5. Lend milkTIA: Go to the "Earn" page, select milkTIA, click "Lend," input the amount you wish to lend, review, and confirm.

Borrow on Mars

After lending your milkTIA tokens as collateral, follow these steps to borrow on Mars:

  1. Borrow: Go to the "Borrow" page, select the asset you wish to borrow, and enter the amount. Note: milkTIA itself cannot be borrowed.

  2. Confirmation and Monitoring: Confirm the transaction. Once processed, you'll receive the borrowed assets for use in other DeFi opportunities, and you can monitor your position's health directly on your "Portfolio" page.

Risk Parameters

For milkTIA, the following risk parameters were set at launch per #169 Governance Proposal:

  • Max. LTV: 48.5%

  • Liquidation LTV: 50%

  • Deposit Cap: 50,000 milkTIA

Note: These risk parameters may change, so ensure you stay updated with the latest information when interacting with the protocol.

Tips for Using Mars Protocol

  • Prevent Liquidation: Constantly monitor your health factor on the "Portfolio" page to mitigate liquidation risks. Mars' blog offers insights on calculating the liquidation threshold and understanding liquidation circumstances.

  • Interest Rates: Interest rates can fluctuate. Regularly checking them will help ensure your lending strategy remains profitable.

  • Stay Informed: The DeFi space is continuously evolving. Stay updated with Mars Protocol’s developments and general DeFi trends.

documentation site
Mars Protocol