Mars Protocol Concludes Operations Following Governance Proposal

Mars Protocol, a lending platform within the Cosmos ecosystem, has announced the completion of its shutdown process in accordance with governance proposal MRC-165. According to Foresight News, all liquidation loan-to-value ratios have been set to zero, and remaining loan positions have been fully liquidated. Users have had their funds returned directly to their wallets from credit accounts and Mars v1. The project team stated that funds held with Amber will be addressed through official Amber channels in the coming days. Additionally, Mars Protocol's official Discord and Telegram channels will be closed soon, with no further support or updates to be provided. The Mars team noted that this operation signifies the orderly conclusion of the protocol.