Will Cosmos’ Mars protocol hype sustain in the long run? Data suggests…
After the launch of the Mars protocol on Osmosis, the adoption, and usage of the Mars protocol has increased. However, one of the reasons for the same was the rewards program that was playing an important role.
The rewards program for the Mars Protocol is eligible for depositors within 30 days. After this, depositors would no longer be able to access any of the rewards.
Knowing that BYT was winding down, we took a small position in the MARS pool on Osmosis, and made a modest profit.
Every token that has fabulous rewards will end up under an avalanche of sellers.
Treat every new pool like a ponzi ;-)
take the profits and move on.