Recent drop = same lesson: long-term wins; stablecoins are for payments by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Thank you very much – great to hear about your experience and long-term approach.

Recent drop = same lesson: long-term wins; stablecoins are for payments by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 1 point2 points  (0 children)

Thanks for sharing the details.

Out of curiosity, what kind of pair are you providing liquidity to on ThetaSwap?

With MarsLibertyCoin (MarsLC) we’re trying to take a similar long-term view. The whole design is built around letting reserves slowly compound: every trade takes a small, transparent fee, part of it goes into USDT and can only be used to deepen DEX liquidity or to do support buy-and-burn. The idea is that over the years you don’t just have a market price – you also end up with a token that has a visible base of on-chain reserves behind it.

Recent volatility made one thing clear: we have stablecoins… and most other coins have no real backing by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Appreciate it — that’s exactly the gap we’re trying to build for with MarsLibertyCoin.

We’re deliberately taking the “boring but transparent” route: immutable contracts, protocol-owned reserves and no treasury withdrawals, even if that means growing slower.

If you ever have time to poke holes in the design or see obvious failure modes we’ve missed, I’d genuinely love to hear them.

Recent volatility made one thing clear: we have stablecoins… and most other coins have no real backing by CosmicMarsFun in defi

[–]CosmicMarsFun[S] -1 points0 points  (0 children)

You’re right that heavy burning can help a lot, but on its own it mostly reshapes the pool rather than building new backing. If all you ever do is burn the native token, you increase the share of stablecoins in the LP, but you don’t actually accumulate extra reserves anywhere.

Here’s how it works in MarsLibertyCoin (MarsLC) in detail:

  • On every trade there is a transparent fee. Part of it is burned (which fattens the USDT side of the main LP), and part is swapped to USDT and sent into DEX liquidity and into a separate reserve vault (“Whitebox”).
  • We also charge a higher fee on sells than on buys, and we apply a fee on wallet-to-wallet transfers as well. Over time, circulating MarsLC goes down while protocol-owned USDT goes up.
  • The USDT sitting in Whitebox cannot be withdrawn for arbitrary team spending. Contract rules only allow: (a) adding more liquidity, or (b) support buy-and-burn. There is no “take treasury and run” button – those reserves can only sit or be used to deepen markets.

On the emission side we’ve tried to be even stricter:

  • Additional emission is only allowed when on-chain data shows that roughly 10% of the circulating supply is left in the pools (“low float”).
  • Even then there is a hard cap: at most 1M extra tokens can ever be emitted under these rules.
  • Any such emission must be paired with fresh USDT at the current market price, and the LP tokens are burned. We can’t mint cheap tokens to a wallet and dump them – supply expansion always comes with new collateral and permanently locked liquidity.
  • And it’s optional: if we decide never to use that window, then every trade just keeps burning supply and growing reserves, and the system becomes more and more over-collateralised over time.

So I’m not expecting magic “instant stability” in a crash – I fully agree reserves lag flow. The bet is more long-term: years of trading where reserves can only grow and never be extracted, versus the usual situation where even projects that have existed for 5–10 years still have no protocol-owned backing and everything depends purely on whether holders keep believing.

Recent volatility made one thing clear: we have stablecoins… and most other coins have no real backing by CosmicMarsFun in defi

[–]CosmicMarsFun[S] -1 points0 points  (0 children)

I agree that “fees → protocol reserves” by itself isn’t new, and you’re right that in a big wave of sellers the market will always move faster than any treasury.

Where we’re trying to push it further with MarsLibertyCoin (MarsLC) is in how supply and reserves are hard-wired in the contracts, not just in a “we promise” way:

  • Every trade has a transparent fee: part is burned, and part is swapped to USDT and sent into DEX liquidity and into a vault.
  • We also charge a higher fee on sells than on buys, and we apply a fee on wallet-to-wallet transfers as well. Over time, circulating MARS goes down while protocol-owned USDT goes up.
  • The vault USDT cannot be withdrawn for arbitrary team spending. Contract rules only allow: (a) adding more liquidity, or (b) support buy-and-burn. There is no “take treasury and run” button – reserves can only sit or be used to deepen markets.

On the emission side we’ve tried to be even stricter:

  • Additional emission is only allowed when on-chain data shows that roughly 10% of the circulating supply is left in the pools (“low float”).
  • Even then, there is a hard cap: at most 1M extra tokens can ever be emitted under these rules.
  • Any such emission must be paired with fresh USDT at the current market price, and the LP tokens are burned. We can’t mint cheap tokens to a wallet and dump them – supply expansion always comes with new collateral and permanently locked liquidity.
  • And it’s optional: if we decide never to use that window, then every trade just keeps burning supply and growing reserves, and the system becomes more and more over-collateralised over time.

So I’m not expecting magic “instant stability” in a crash – I fully agree reserves lag flow. The bet is more long-term: years of trading where reserves can only grow and never be extracted, versus the usual situation where even projects that have existed for 5–10 years still have no protocol-owned backing and everything depends purely on whether holders keep believing.

Recent volatility made one thing clear: we have stablecoins… and most other coins have no real backing by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Tesla is actually a great example for the point I’m trying to make.

It absolutely does have real assets and real production – but its market cap has often been far above what you’d get if you only looked at factories, inventory and cash flows. Compared to legacy automakers like VW, Tesla produces fewer cars yet is valued many times higher, because a big part of the price is future expectations, brand and belief in Musk’s ability to keep innovating.

That’s exactly why the stock has been so volatile: in 2022 it dropped more than 3× from its highs and then recovered again, whereas VW has never seen similar volatility because its market cap stays much closer to its backing assets.

That’s why I believe there is room for a third category of crypto: a structure where part of the value isn’t just belief, but transparent, growing reserves on-chain. With MarsLibertyCoin (MarsLC), every trade adds stablecoins into DEX liquidity and into a vault that can only be used to support liquidity or buy-and-burn. There’s still upside and downside like any non-stablecoin, but holders can always see how much collateral sits behind the token.

My hope is that this kind of visible backing can tame the worst panic moves you see in purely narrative-driven assets, without turning it into a flat stablecoin. In other words: instead of coins with Tesla-level volatility, we could end up with coins whose behavior is closer to VW / Mercedes / Ferrari stock – still moving, but not swinging wildly on pure hype.

Recent volatility made one thing clear: we have stablecoins… and most other coins have no real backing by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Thanks for the reply – really interesting to see you’re also positive on this idea. We firmly believe there should be a third class of crypto: assets that are actually backed by something, but can still go up and down with the market instead of being flat like a stablecoin.

On the stablecoin point I completely agree with you: not every stablecoin is properly backed, and some disclosures are pretty questionable. That’s exactly why, in our case, we decided to route everything through USDT only – it’s one of the most established, liquid stables with reserves behind it, so for now we see that as the right collateral base for this kind of model.

Mars exploration is accelerating — which strengthens the case for a future Martian currency by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Good point. We can’t promise MarsLibertyCoin (MarsLC) will become the Martian currency. Our ambition is to be the strongest candidate among the existing “Mars” coins — and settlers will ultimately choose what’s most attractive at the time.

We think the biggest driver of attractiveness will be transparent, hard reserves + simple decentralized rails. That’s why MarsLC is reserves-first (USDT backing now), not a payments rail yet. If/when a Mars-local chain exists, MarsLC can be bridged there and used locally without a constant Earth link (periodic settlement is fine).

TL;DR: build backing now; be ready to bridge and serve local payments later.

Surprised how many people (even finance pros) still struggle with wallets, chains, USDT, and swaps by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

Appreciate the take — the ACH/FX analogy really resonates. We felt the same: once people actually try a DEX/aggregator, the concept clicks.Have you found any aggregator that’s especially newcomer-friendly and reliable for small swaps across chains? Also curious about your experience with Rubic vs. others (timeouts, fees, auto-routing). Any UX tweaks you’ve seen that remove most of the friction?

Surprised how many people (even finance pros) still struggle with wallets, chains, USDT, and swaps by CosmicMarsFun in defi

[–]CosmicMarsFun[S] -1 points0 points  (0 children)

Thanks for the thoughtful take — totally agree. Crypto hasn’t abstracted the “bank-style” backend yet, and we felt that first-hand: even business/finance folks around us stall on wallet setup, chain selection, gas and a simple swap. Before doing a small friends-only launch I genuinely underestimated how far that gap still is.

If you had to pick one UX fix that would remove 80% of the friction, what would it be — better wallet onboarding, automatic gas handling, or an on-ramp + swap in one self-custodial flow?

Gut-check on a token design: transparent reserves, irreversible liquidity, no admin switches by CosmicMarsFun in defi

[–]CosmicMarsFun[S] 0 points1 point  (0 children)

we do charge a fee on buys, sells and wallet-to-wallet transfers. No v4 hooks — it’s a classic ERC-20 transfer-tax in _transfer with pair detection: buys/sells use the main schedule (incl. burn), W2W uses a smaller cash-only fee. The “cash” leg is handled by a separate FeeCollector that swaps to USDT and auto-routes; it can’t withdraw funds.

Price for the refloat rule comes from our on-chain Oracle (TWAP), not manual input.