Mars Protocol Opens Liquidity Bootstrapping Auction (LBA) Phase 2

TokenInsight news, Terra credit loan protocol Mars Protocol has opened Liquidity Bootstrap Auction (LBA) Phase 2. Liquidity providers who commit $MARS tokens and/or $UST to the $MARS-$UST bootstrapping pool will receive additional $MARS tokens when Mars launches. Since $MARS tokens are not yet transferable, you can only deposit airdropped $MARS and/or $MARS rewards from Phase 1 lockdrop participation. In addition, anyone can deposit any amount of $UST. Note that users can only deposit $MARS into the $MARS-$UST boot pool for the first 3 days and $UST for the first 5 days. All committed tokens will be converted to $MARS-$UST liquidity pool (LP) tokens and used to launch a $MARS-$UST liquidity pool on Astrport. Deposited LP tokens will unlock linearly over a period of 90 days. In exchange for participating in the auction, users will receive a pro rata share of 10,000,000 $MARS tokens that unlock linearly over 30 days from the launch of the full Mars Protocol around March 7.