This figure demonstrates the daily deposit, withdraw and net deposit of Luna on Mars protocol since Mar 7, 2022. The greatest amount of deposited Luna was near 1 million and occurred on Mar 19, 2022. In the period from Mar 8 to 17, the net deposit of Luna on Mars protocol were negative as shown in this figure.

Introduction:

Mars Protocol is being developed by a joint venture among Delphi Labs, IDEO CoLab Ventures and Terraform Labs. Like existing credit protocols, interest rates are priced algorithmically based on utilisation rate. Unlike existing credit protocols, Mars will utilize a dynamic interest rate model based on control theory, allowing for greater responsiveness and capital efficiency.

The execution of Mars protocol among Terra blockchain users is assessed based on these metrics:

• Net deposit means difference of deposit and withdraw on Mars protocol (Luna and UST)
• Net borrow means difference of borrow and repay from Mars protocol (Luna and UST)

Net Deposit (Luna and UST)

Net borrow (Luna and UST)

The daily amount of deposit, withdrawal and net deposit of UST on Mars protocol since Mar 7, 2022 are shown in this figure. As demonstrated in this figure, the amount of withdrawal was larger than deposit most of the times. This cause the net deposit to be negative in this time period.

Terra blockchains user use Mars protocol to borrow. The daily amount of borrow, repay and net borrow of UST since Mar 7, 2022 are shown in this figure. As demonstrated in this figure, the largest borrow was 53 million UST and occurred on Mar 19, 2022. The greatest repay occurred on Apr 4 with near 19.8 million UST.

This figure demonstrates the daily amount of borrow, repay and net borrow of Luna from Mars protocol since Mar 7, 2022. Both the largest borrow and repay of Luna occurred on Mar 14, 2022 with 64000 and 66000 Luna, respectively. The greatest net borrow occurred on Mar 8 with over 12000 Luna.