Message from atakan in mare discord group: I'll be honest sir.

We are not sleeping, but we couldn't come up with a solution that solves the problems unfortunately, we did everything we could, tried to revive the protocol, had very low bad debt with respect to TVL at the time, continued to get KAVA Surge for 1-2 months after multichain collapse, but there is simply not much we can do right now on the chain.

We can not add any asset as their liquidity is shit, we can not increase emissions, we can not bribe as equilibre is as damaged as bad as Mare and it was losing money for us to bribe them, and we can not easily move to another chain with as someone said, 57M emitted tokens and 30k liquidity.

We talked to Kava Labs on how to move forward, and they say you need to come with a plan to become a >20M USD market cap protocol, and they wanted us to have our coin listed on CEXes. I personally simply found it impossible at the time in a short notice, and said that we basically need more liquidity on chain. They said they will do it with Wagmi, we followed wagmi and they got 2M kava, and how they used it? Put 2M kava in to LPs instead of incentivizing liquidity. Basically, their TVL moved up to 2M (with kava being $1 at the time) and nothing else. The hype instantly died. And we understood that wagmi won't solve our issues as well.

Than they changed direction to help Hover instead of Mare (It may even be their own protocol i don't know), and you can see that kava labs supplied 15M kava into hover, and if you don't count what kava labs supplied, mare still has more TVL than them. Even with their 200% incentivization.

We are thinking about a solution for a long time, but it's not coming to our heads at the moment. We also thought about stopping emissions fully, but that will probably instantly kill the remaining TVL as well. We can not think about anything to fully revive MARE right now, so what we did was, at least to compensate our community, we announced 2 different airdrops to be distributed to Mare stakers.

I said it before, we don't need criticism right now, we need ideas. But we don't need it like "Pay influencers, do marketing" , or  "Oh, let's move to another chain." Do you really believe we didn't think about it?

What we need is we need well-thought ideas, that can be a solution (even a 50% chance we'd take it), but also would be fair (not dumping on newcomers, as it will mean that they'll take places of you, for us, nothing changes), and can be done within our technical capabilities.

I know it's not anyone's job to create ideas, but this is the current situation about Mare and Kava.


Do you know if kava labs is preparing something for evm @cryptoswithcam ? Kava evm chain only has a few good native protocols and lot of them are in a critical position. Don't see it like a smart idea to do nothing and let them die.

It's kind of funny

This is concerning 🤔

Sadly indeed.What kind of help can make Mare recover?

I think something that could help is: 1) increase liquidity on key assets like btc and eth (via rewards) 2) increase kava rise rewards or reduce the coefficient for kava labs protocols 3) work closely with native protocols. Those who are native and demonstrate hard work through a relative long period of time should be considered with special attention Of course team protocols must do their part and work tiresly on ui/ux and "marketing" to bring more users to the chain

I will read up on it and discuss it with the team. Thank you for bringing it to my attention. However, it is not within my position to address issues with protocols, particularly those related to OGs like Mare. Nonetheless, I can bring this up with them.

Ok, thanks cam! Just FYI the pinjam team has just announced that they are stopping operations. They were a small protocol by TVL but were a really nice team with some interesting features deployed in their protocol

Here we go..

Thank you for informing me that. I will have a look at Pinjam's announcement.

we just lost a nice team