Lending Protocol Mars Protocol Completes Offboarding and Shuts Down Community Channel

BlockBeats News, March 31st, the Cosmos ecosystem lending protocol Mars Protocol announced that following Governance Proposal MRC-165, the full liquidation process has been completed: all liquidation LTVs have been adjusted to 0, remaining borrowing positions have been entirely liquidated, and user funds in the credit account and Mars v1 have been directly refunded to their wallets. The team stated that funds custodied in Amber will be separately notified through official Amber channels in the coming days.

The Mars official Discord and Telegram will be closed shortly and will no longer receive support or updates. The Mars team stated that this operation marks the official and orderly conclusion of the protocol.