BlockBeats message, March 31: The Cosmos ecosystem lending protocol Mars Protocol announced that, according to governance proposal MRC-165, it has completed the full deleveraging/withdrawal process. All liquidation LTV has been set to 0, all remaining loan positions have been liquidated, and users’ funds in their credit accounts and in Mars v1 have been directly returned to their wallets. The project team said that funds held at Amber will be separately notified in the coming days via Amber’s official channels.
Mars’ official Discord and Telegram will be closed soon, and no further support or updates will be provided afterward. The Mars team said this operation marks the protocol’s official and orderly conclusion.
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