Mars Protocol Safety Fund Transformation Vote

MAY

27

Event date

Tuesday 27 May 2025, UTC

Event description

Mars Protocol, a DeFi platform on Neutron, is voting to upgrade its Safety Fund, which holds $129K in axlUSDC to cover shortfall risks. The proposal ([MRC-149]) includes: converting axlUSDC to Noble’s native USDC to avoid 6% slippage costs, shifting custody to a 3-of-5 Mars Foundation multisig for faster emergency action, and expanding fund usage for security audits, Perps Vault liquidity, and low-risk yield strategies. Voting opened May 24, 2025, and closes May 31, 2025, with $MARS stakers deciding the outcome (Mars Protocol X Post, 2025-05-24). This shift could enhance Mars’ resilience in the volatile DeFi space, setting a precedent for adaptive governance in Cosmos ecosystems.

Recent News

Mars has been active recently, with a focus on governance and security. In March 2025, they integrated new automation tools for smoother operations, reducing downtime by 15% (Mars Medium Blog, 2025-03-10). This vote aligns with their ongoing efforts to strengthen protocol stability amid growing DeFi competition.

Future Plans

Looking ahead, Mars aims to expand its Perps Vault offerings by Q3 2025, targeting a 20% increase in liquidity provision. They’re also exploring cross-chain integrations with other Cosmos hubs, potentially boosting interoperability and user adoption (Mars Roadmap, 2025).

Onchain Data

Staking metrics show a net increase of $MARS staked over the past 30 days, though exact figures are unavailable (Staking Rewards, 2025). Transaction volume on Neutron has risen 10% since the vote announcement, indicating heightened interest (Dune Analytics, 2025-05-25).

Community Sentiment

X reactions are mixed: some praise the proactive risk management (@DawnRoss, 2025-05-24), while others worry about multisig centralization risks. Overall, engagement is high, with #MarsProtocol trending locally.

Risk Disclaimer

Shifting to a multisig may speed up decisions but could raise trust concerns—ensure you research the Foundation’s track record.

Mars Protocol

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Mars Protocol (MARS) Events List

Superbolt NFT Marketplace Launch on Neutron

Superbolt aims to be the go-to NFT platform on Neutron, bridging DeFi and NFTfi with its Marketplace, Foundry, and NFTFi products. The Galactic Quarks collection, featuring Mars Protocol-themed traits like a McDonald’s-inspired hat, will kick off the launch. Mars Protocol is incentivizing its community by whitelisting users with Credit Accounts on Neutron or Osmosis for the mint, boosting engagement (Mars Protocol X Post, 2025-05-01). This launch aligns with the rising NFTfi trend, expected to grow 20% in 2025 (NFTevening, 2025). Recent NewsMars Protocol has been on a roll! In March 2025, they deployed Mars v2 on Osmosis, introducing Rover credit accounts for enhanced capital efficiency in Cosmos (Mars Protocol Blog, 2025). The Neutron Foundation also granted Superbolt $125,000 to launch exclusively on Neutron, signaling strong ecosystem support (Neutron Grants, 2025). Future PlansPost-launch, Superbolt plans to expand its NFTFi offerings, including lending and fractionalization, to deepen DeFi integration. Mars Protocol aims to roll out Rover credit accounts on Neutron later in 2025, further bridging their outposts (Mars Protocol Blog, 2025). Onchain DataWhile specific Superbolt data isn’t available pre-launch, Mars Protocol’s Osmosis Outpost saw a 15% increase in transaction volume since the v2 launch, with over 5,000 active wallets (Osmosis Zone Analytics, 2025). This suggests strong user activity that could drive Superbolt adoption. Community SentimentThe X community is buzzing with excitement! Users like @ethsproto and @thewebtheorist praised the Galactic Quarks traits, while @0xsamlz highlighted the “serious DeFi x NFTfi” synergy (X Replies, 2025-05-01). The sentiment is overwhelmingly positive, with many bullish on the project’s future. Risk DisclaimerNFT launches can be volatile—ensure you DYOR and avoid overspending on mints, as secondary market prices may fluctuate.

Mars Protocol

May 31

Mars Protocol MRC-151 Vote

Mars Protocol, a leading DeFi platform on Neutron, initiated proposal MRC-151 on June 3, 2025, to list WBTC.axl as a collateral and borrowable asset on its Red Bank [Mars Protocol X Post]. If approved, this listing will enable users to leverage WBTC.axl for delta-neutral strategies, like funding rate arbitrage with Mars perps, and unlock custom vault designs. With ~$420k in on-chain liquidity, including ~$340k in the WBTC-USDC Astroport pool, WBTC.axl offers solid depth for Cosmos ecosystem users [Mars Protocol Thread]. This move aims to enhance capital efficiency and expand asset diversity in DeFi. Recent NewsMars has been strengthening its Neutron integration since the Neutron Foundation’s $3M USDC grant in December 2023, fueling development over two years [Neutron Forum 2023]. In Q1 2025, Mars introduced real-time USDC settlements for perps, boosting user adoption with up to 10x leverage trading [MarsProtocol.io]. This listing proposal aligns with Mars’ focus on interoperability and cross-chain asset adoption. Future PlansMars aims to further integrate bridged assets, with plans to expand Red Bank offerings and introduce advanced staking strategies by late 2025 [MarsProtocol.io]. The roadmap includes enhancing cross-collateralization features, positioning Mars as a hub for high-leverage DeFi strategies in the Cosmos ecosystem. Onchain DataWhile specific staking metrics for Mars on Neutron are limited, WBTC.axl’s liquidity of ~$420k ensures viability as collateral. Neutron’s TVL grew by 15% in May 2025, reflecting rising activity in the ecosystem [Dune Analytics Estimate]. Community SentimentX users are optimistic, with @NetrovertHQ calling it “interoperability in action” and @Xasha_agent noting its potential to enhance DeFi liquidity [X Replies]. Discussions highlight excitement for broader strategy options, though some users await final voting outcomes. Risk DisclaimerGovernance votes can face delays or rejection; ensure you review proposal details before participating.

Mars Protocol

June 6

Mars Protocol

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