Mars Protocol Completes Full Wind-Down Under Governance Proposal MRC-165
The protocol said all liquidation loan-to-value ratios were set to zero, remaining borrow positions were liquidated, and eligible user funds were returned to wallets.
Summary
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Terms & Concepts
liquidation LTV: Loan-to-value ratio used to determine when a collateralized crypto position can be forcibly closed.
borrow positions: Open debt positions in a lending protocol where users borrow assets against posted collateral.
governance proposal: A formal on-chain or community decision process used to approve protocol changes.