GOVERNANCE VOTE ACTIVATED. Should Mars list $stATOM as a collateral asset on the Red Bank's @Neutron_org outpost.

21 Aug 2023, 16:02
🛰️ GOVERNANCE VOTE ACTIVATED Should Mars list $stATOM as a collateral asset on the Red Bank’s @Neutron_org outpost? Here's how to vote 🧵👇

Same news in other sources

3
Mars Protocol
Mars ProtocolMARS #4595
Twitter
22 Aug 2023, 14:54
Friend Tech has again demonstrated what @dYdX had shown before. That users want all the barriers to using the app abstracted away for them. Here’s my thoughts on how to achieve this using @mars_protocol v2 as an example. It also applies to other Cosmos apps which have the deposit->do stuff->withdraw flow (e.g. @Levana_protocol ): So the ideal flow for a user coming from Ethereum would be this: * Go to Mars UI * Connect MetaMask (or ETH wallet of your choosing) * Choose the option to deposit USDC or other supported asset directly from Ethereum * Wait a bit * Start using Mars No need to download a Cosmos wallet. No need to embark on a research journey to figure out the bridge. And if the chain supports paying gas with USDC also no need to acquire the native token either. Way better. So what would happen under the hood to enable this? When MetaMask is connected an interim keypair is generated in-browser based on a signed message from MetaMask. The UX here is akin to “logging in” using MetaMask. From then on you are using an in-app wallet similar to what Friend Tech, Vertex, dYdX etc do. The bridging can be abstracted in the same way as Osmosis already does for assets deposited from Ethereum - coordinate the bridging directly from the front end with Axelar without forcing the user to leave the app. If the bridge supports send + execute then once the assets arrive the credit account could be minted and assets deposited - leaving a bit in the wallet for gas. From then on actions are taken using the interim keypair directly without needing to sign each action. Alternatively you can sign messages (not transactions) with MetaMask if the user would rather confirm each action. Again, no need for a Cosmos wallet. Mars v2 aims to rival the experience of a centralised exchange and these steps would bring the experience much closer. Cosmos apps really struggle with onboarding and imo these steps would go a long way to alleviating that. This is all stuff that’s already been done by other apps outside of Cosmos. This is just about us integrating those learnings. Note that these are just some thoughts from me using Mars as an example. I’m not the king of Mars and make no promises that this will actually get built.
Friend Tech has again demonstrated what @dYdX had shown before.
Friend Tech has again demonstrated what @dYdX had shown before. That users want all the barriers to using the app abstracted away for them. Here’s my thoughts on how to achieve this using @mars_protocol v2 as an example. It also applies to other Cosmos apps which have the deposit->do stuff->withdraw flow (e.g. @Levana_protocol ): So the ideal flow for a user coming from Ethereum would be this: * Go to Mars UI * Connect MetaMask (or ETH wallet of your choosing) * Choose the option to deposit USDC or other supported asset directly from Ethereum * Wait a bit * Start using Mars No need to download a Cosmos wallet. No need to embark on a research journey to figure out the bridge. And if the chain supports paying gas with USDC also no need to acquire the native token either. Way better. So what would happen under the hood to enable this? When MetaMask is connected an interim keypair is generated in-browser based on a signed message from MetaMask. The UX here is akin to “logging in” using MetaMask. From then on you are using an in-app wallet similar to what Friend Tech, Vertex, dYdX etc do. The bridging can be abstracted in the same way as Osmosis already does for assets deposited from Ethereum - coordinate the bridging directly from the front end with Axelar without forcing the user to leave the app. If the bridge supports send + execute then once the assets arrive the credit account could be minted and assets deposited - leaving a bit in the wallet for gas. From then on actions are taken using the interim keypair directly without needing to sign each action. Alternatively you can sign messages (not transactions) with MetaMask if the user would rather confirm each action. Again, no need for a Cosmos wallet. Mars v2 aims to rival the experience of a centralised exchange and these steps would bring the experience much closer. Cosmos apps really struggle with onboarding and imo these steps would go a long way to alleviating that. This is all stuff that’s already been done by other apps outside of Cosmos. This is just about us integrating those learnings. Note that these are just some thoughts from me using Mars as an example. I’m not the king of Mars and make no promises that this will actually get built.
Mars Protocol
Mars ProtocolMARS #4595
Twitter
21 Aug 2023, 16:02
2/🔴 Remember, Cosmos, Osmosis and Mars are experimental technologies. This post is subject to and limited by the Mars disclaimers, which you should review:
Remember, Cosmos, Osmosis and Mars are experimental technologies.
2/🔴 Remember, Cosmos, Osmosis and Mars are experimental technologies. This post is subject to and limited by the Mars disclaimers, which you should review:
Mars Protocol
Mars ProtocolMARS #4595
Twitter
21 Aug 2023, 16:02
1/ 🗳️ Should Mars list $stATOM as a collateral asset on the @Neutron_org outpost of the Red Bank? Vote for [MRC-43]🔻 🗳️ Leap: 🗳️ Keplr: 📑 Details:
1/ Should Mars list $stATOM as a collateral asset on the @Neutron_org outpost of the Red Bank. Vote for [MRC-43]. Leap:. Keplr:.
1/ 🗳️ Should Mars list $stATOM as a collateral asset on the @Neutron_org outpost of the Red Bank? Vote for [MRC-43]🔻 🗳️ Leap: https://t.co/1iwOOwrNO9 🗳️ Keplr: https://t.co/NJDPzDo7U0 📑 Details: