Add MARS-UST as strategy

To be able to use MARS Protocols own Token as strategy directly and not through Astroport.

7 Likes

I agree we should add MARS-UST as a strategy and also as a market, but it would use Astroport as Astoport in foundational to mars’s functioning. We need to incentivise new Mars token holders to the platform.

1 Like

OK. This works too and makes sense for the moment.

The issue with MARS is that since MARS token just recently start trading, we don’t have a good understanding of its price volatility and therefore cannot accurately estimate the associated risks. The liquidity is also low. Once these situations improve we can start discussing adding a MARS-UST strat.

8 Likes

We think this is a great idea that should be revisited at some point later, definitely after the lockdrop LPs have been fully unlocked (currently 60 days from the time of this post).

2 Likes

You’re hesitant to do this because:

  • MARS liquidity is low
  • MARS is volatile

We would be able to bootstrap more liquidity for MARS by slowly easing into these strategies. For example, start with a $1M credit limit, and increase from there. And with more liquidity, we would decrease volatility as well.

I see this as a great way to allow MARS to use its own red bank assets to gain more liquidity

2 Likes

1 mil credit limit
and 10k per smart contract/person

we don`t want 1 whale to have to pick up all

1 Like