Mare Finance is a decentralized lending and borrowing platform built on the Kava ecosystem. Kava supports a variety of assets such as USDC, USDT, DAI and wKAVA and in the future, Mare Finance is expected to support more asset classes. The platform is equivalent to popular Lending Protocol platforms in the market, such as Compound, AAVE, Solend, and Apricot Finance.
This is how Mare Finance works relatively simply.
Step 1: Users can deposit collateral or idle assets to the platform to receive interest from borrowers.
Step 2: With stablecoins like USDC, USDT, DAI, users can borrow out a desired part of the asset with a collateral rate of up to 80%, and with wKAVA, a collateral rate of about 35%.
Step 3: The borrower returns the borrowed property with interest.
Step 4: After receiving the interest and collateral, the protocol unlocks the collateral and returns it to the original user.
Intro To DeFi's development team built Mare Finance and is also developing the Sonne Finance project on the Optimism ecosystem.
Currently, there is no information on the development roadmap of the Mare Finance project. We will continue to monitor and update the latest information on the project roadmap.
Currently, there is no information about the investor of the Mare Finance project. We will continue to update this information to our readers.
Project name: Mare Finance
Token: MARE
Token classification: KAVA – 20
Total supply: 100,000,000 MARE
Smartcontract: 0xd86….77419
Community: 60%
Protocol Growth: 4%
Sonne Stakers: 15%
Core Team: 12%
LGE Participants: 3.5%
Community Airdrops: 3%
Initial Liquidity: 2.5%
According to the plan, tokens owned by the development team (Core Team) will be locked for 3 months from the time of TGE and be released gradually over the next 2 years.
Mare Finance's Tokenomic focuses mainly on revenue sharing (Revenue Sharing). Before the development team releases its tokens, 80% of the protocol's revenue will be distributed among the stakers, which will then increase to 100%.
Investors participating in staking on Mare Finance have two options:
The time for users to withdraw MARE tokens from the stake is 1 week.
Mare Finance is a notable Lending Protocol project on the Kava ecosystem. If Kava continues to thrive in the future, Mare Finance could become one of the projects to benefit from that growth.
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