Mars is a credit protocol for the future: decentralized, self-sovereign, inter-chain, non-custodial, open-sourced, transparent, algorithmic, and community-governed.

Like existing credit protocols, Mars' "Red Bank" facilitates overcollateralized loans with a two-slope interest rate model (similar to Aave or Compound). In addition, Mars brings outstanding improvements in Contract-to-Contract (C2C) lending, allowing for smart contracts that are whitelisted to borrow assets from Mars liquidity pools collateralized by the whitelisted contracts' own assets rather than being collateralized by Red Bank deposits. These credit lines power Mars’ credit accounts ("rovers"), giving end users access to leverage when interacting with other Mars-compatible DeFi protocols' smart contracts.

To achieve this vision, Mars smart contracts must be deployed on a highly performant, decentralized platform offering a thriving DeFi ecosystem with many potential integrations and demand for leverage. Rather than selecting a single platform, Mars should be present on multiple chains ("Outposts"), wherever there’s demand for liquidity. Crucially, Mars should be present on these chains natively, because a competitive DeFi experience requires atomic, synchronous composability, which cannot be achieved by cross-chain calls.

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In this dashboard, I have conducted a comprehensive analysis of Mars Protocol, a groundbreaking platform that enables lending, borrowing, and earning in the cosmos universe. I will delve into its remarkable journey since its launch on January 31st and meticulously examine its activity and user behavior up until the present day.

To ensure the accuracy and reliability of my analysis, I have leveraged the Osmosis.mars schema, which has been provided by Flipsidecrypto. By utilizing the ez_redbank_actions table, I have extracted the requisite data and employed it to conduct a thorough and insightful analysis.

Additionally, you have the flexibility to enhance the accuracy of your data by adjusting the timeframe on the over-time charts. You can easily switch between weekly or daily timeframes by selecting the desired option from the Date dropdown menu located at the top of the dashboard. This allows you to delve into more granular details and gain a deeper understanding of the trends.