What is Mare Finance? Mare Finance is a decentralized lending platform built and developed on the Kava ecosystem. The project is receiving strong support from Kava’s community and why the project is receiving so much support, everyone will find out in the article below.
And to better understand the concept and operating mechanism of Mare Finance, people can refer to some of the articles below:
- What is AAVE (AAVE)? Overview of AAVE Cryptocurrency
- What is Solend (SLND)? Solend Cryptocurrency Overview
- What is Apricot Finance (APRT)? Overview of Cryptocurrency Apricot Finance
What is Mare Finance?
Overview of Mare Finance
Mare Finance is a decentralized borrowing & lending platform built and developed on Kava’s ecosystem. Kava supports many assets such as USDC, USDT, DAI and wKAVA. In the future, Mare Finance plans to support more asset types.
Mare Finance is similar to Lending Protocol platforms on the market such as Compound, AAVE, Solend, Apricot Finance,…
Mare Finance’s operating mechanism
Mare Finance has a relatively easy-to-understand operating mechanism including the following steps:
- Step 1: Users post collateral to Mare Finance or can deposit idle assets to the platform to receive interest from borrowers.
- Step 2: Borrow out the assets you desire with different lending rates. With stablecoins (USDC, USDT, DAI) with a collateral rate of up to 80%, besides wKAVA with a collateral rate of about 35%.
- Step 3: The borrower returns the borrowed asset with interest.
- Step 4: The protocol unlocks the collateral and the borrower receives the collateral back.
Development Roadmap
Update…
Core Team
Mare Finance is built by the same team led by Intro To DeFithis person himself is also building the Sonne Finance project on the Optimism ecosystem.
Investor
Update…
Tokenomics
Overview of Mare Finance tokens
- Project name: Mare Finance
- Token code: MARE
- Token classification: KAVA – 20
- Total supply: 100,000,000
- Smartcontract: 0xd86c8d4279ccafbec840c782bcc50d201f277419
Token Allocation
- Community: 60%
- Protocol Growth: 4%
- Sonne Stakers: 15%
- Core Team: 12%
- LGE Participants: 3.5%
- Community Airdrops: 3%
- Initial Liquidity: 2.5%
Token Release
The development team (Core Team) will have their tokens locked within 3 months from the time of TGE and will be paid in installments within 2 years.
Token Use Case
The main factor surrounding Mare Finance’s tokenomics is Revenue Sharing. Before the development team unlocks the token, 80% of the protocol’s revenue will be shared with stakers, and after that it will be 100%.
When participating in staking on Mare Finance, investors have 2 choices as follows:
- sMARE: Where the protocol’s revenue will be purchased from the market to share MARE with stakers.
- uMARE: Where the protocol’s revenue will be purchased USDC on the market and shared with stakers.
The time for users to unstake MARE tokens is 1 week.
Information Channel of Mare Finance Project
- Website: https://mare.finance/
- Document: https://docs.mare.finance/
- Twitter: https://twitter.com/MareFinance
- Discord:
Summary
Mare Finance is a notable Lending Protocol platform on the Kava ecosystem. If Kava explodes in the near future, there is a high possibility that Mare Finance will also be the project that benefits.