Mars Protocol MRC-164 Vote Ends

JAN

02

Event date

Friday 02 January 2026, UTC

Event description

The Mars Protocol team is concluding the on-chain governance proposal MRC-164, which outlines the final steps to resolve the USDC market shortfall caused by a recent exploit. This vote marks the community's decision on the recovery and market reconciliation plan, set for January 2, 2026. The proposal focuses on straightforward, actionable on-chain measures to address the shortfall efficiently and transparently.

Recent News

Since the exploit was disclosed, Mars Protocol has actively communicated updates and updates to the governance proposal, narrowing the scope to concrete on-chain actions. The team clarified the reconciliation mechanics for USDC market accounting and detailed the resources available to cover the shortfall, demonstrating commitment to transparency and swift resolution (Source: Mars Protocol official forum and social media).

Future Plans

Following the vote, Mars Protocol aims to implement the approved recovery plan immediately to restore market stability and confidence. The project will continue monitoring the USDC market and update governance processes to prevent similar issues. Further enhancements to protocol security and risk management are also planned.

Onchain Data

No verifiable onchain metrics available.

Community Sentiment

Mixed — The community shows cautious optimism about the governance process with many supportive comments on Mars Protocol's transparent handling of the exploit. However, some users express concern about the impact of the shortfall on market confidence. Quotes from community include: "Appreciate the transparency and quick action by Mars Protocol," "Hope this vote brings stability soon," and "Still worried about USDC market effects."

Risk Disclaimer

The outcome of this vote could affect the token price due to the market shortfall and resolution approach. Participants should consider potential volatility and risks associated with governance decisions.

Sources used

Mars Protocol

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Mars Protocol (MARS) Events List

Mars Protocol Neutron Projects Talk

The Mars Protocol is hosting the "Neutron Projects Talk" on October 16, 2025, at 7 PM UTC. This event features a conversation with projects building on the Neutron blockchain, including special guests from Cewts Cult, Nucleus Council, and Mars Protocol itself. The format is a discussion or talk session via an online channel likely on platforms such as Twitter or related crypto forums. Recent News Over the past few months, Mars Protocol has been active in expanding the ecosystem around Neutron, promoting interoperability and collaboration with multiple projects such as Cewts Cult and Nucleus Council. They have also been focusing on enhancing DeFi capabilities on the Neutron chain and have announced partnerships to boost project visibility. Future Plans Mars Protocol aims to continue supporting DeFi infrastructure on Neutron by fostering relationships with emerging projects and community engagement. Events like this talk are part of their roadmap to promote ecosystem growth and developer participation. Onchain Data No verifiable onchain metrics available. Community Sentiment Positive — The community on Twitter expresses excitement about the collaborative nature of the event, appreciating the involvement of multiple projects building on Neutron. Quotes include: "Great to see projects coming together on Neutron," "Looking forward to insights from Mars Protocol and guests," and "This talk could spark new partnerships!" Risk Disclaimer This event may influence community perception and engagement with Mars Protocol and Neutron projects, potentially affecting token interest and price dynamics. Sources used https://x.com/StargazeZone/status/1978519996931146005

Mars Protocol

October 16

Mars Protocol v2.4.0 Vote

Mars Protocol has initiated a live voting event for the v2.4.0 upgrade of its contracts on Neutron. This governance vote allows $MARS stakers who staked prior to the proposal creation to participate and decide on the upgrade. The voting started on October 18, 2025, and is hosted on the Mars Hub via the Neutron Outpost platform. Recent News The Mars Protocol team has activated the governance vote for the v2.4.0 upgrade which proposes staking enhancements and contract improvements on the Neutron blockchain. The community is engaged in the decision-making process via on-chain governance. This upgrade is part of Mars Protocol’s ongoing commitment to improving staking mechanisms and contract efficiency. Future Plans The upcoming v2.4.0 upgrade aims to enhance the staking contract and overall protocol efficiency on the Neutron blockchain. The Mars Protocol roadmap suggests continuous development focused on community governance, staking rewards optimization, and scaling the protocol's ecosystem. Onchain Data Staking participation: Eligible $MARS stakers can vote, indicating active staking participation Community Sentiment Sentiment appears positive to neutral based on X/Twitter interactions, with community members showing active participation and interest in staking-based governance. Sample comments include: "Voting live, excited to see the community power!", "Hope the upgrade brings better staking rewards.", and "Good to have on-chain governance participation." Risk Disclaimer As this event involves a governance vote related to a contract upgrade affecting staking, token holders should be aware that the outcome may influence token utility and staking dynamics, potentially impacting token price. Sources used https://x.com/mars_protocol/status/1978432912220451179

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October 18

Mars Protocol MRC-162 Vote

Mars Protocol is hosting the MRC-162 Vote on November 6, 2025. This vote concerns listing $dATOM - $ATOM and $dATOM - $USDC Supervault LP tokens as collateral on their Red Bank platform. The event is a governance vote where community token holders can participate and decide on this listing proposal. The vote will be conducted on Mars Protocol's official governance channels on X (formerly Twitter) and their platform. Recent News Mars Protocol has recently focused on expanding its DeFi offerings by integrating more Supervault LP tokens as collateral options to boost liquidity and user engagement. The proposal aligns with Mars Protocol’s ongoing efforts to enhance collateral diversity and improve borrowing options for users. Future Plans The successful listing of these LP tokens as collateral aims to facilitate more flexible borrowing and lending within the Mars Protocol ecosystem. The project plans further collateral additions and improved governance engagement to decentralize decision-making more efficiently. Onchain Data No verifiable onchain metrics available. Community Sentiment Mixed to positive sentiment seen in community discussions on X; users are mostly optimistic about the potential of expanding collateral types but cautious about risks associated with LP token volatility. Risk Disclaimer This governance vote could influence the protocol’s collateral risks and impact token valuation due to changes in borrowing collateral. Sources used https://x.com/mars_protocol/status/1985345397611459049

Mars Protocol

November 6

Mars Protocol

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