Logo of Mars PerpsMars Perps(MARS)
Total Value Locked$1,807.88

TVL by Chain

Neutron$1,807.88

Key Metrics

Fees (Annualized)$101,728.39
Cumulative Fees$265,386

Neutron$265,386

Revenue (Annualized)$25,430.74
Cumulative Revenue$66,341

Neutron$66,341

Cumulative Perp Volume$64.87m
Cumulative Perp Volume by chain

Neutron$64.87m

$MARS Liquidity$367,364

Astroport$367,364

Protocol Information

Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced Rover credit accounts to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point

Category:Derivatives

Methodology

TVL: For each chain, sum token balances by querying the total deposit amount for each asset in the chain's params contract.View code on GitHubFees: Fees are the sum of the trading fees of all perpetual trades settled on the protocol that day.View code on GitHubRevenue: Treasury and token holders revenueView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHub

Hacks

Date: Dec 14, 2025

Amount: $960,000

Classification: Protocol Logic

Technique: Thin-Market Skew Exploit

Chains: Neutron

Language: Rust

Target Type: DeFi Protocol

Competitors

Frequently Asked Questions

What is Mars Perps?

Mars is a multichain credit protocol enabling borrowing and lending primitives in the Cosmos. With Mars v2, the protocol introduced Rover credit accounts to Osmosis. Much like Binance subaccounts, credit accounts act as transferrable NFT containers where users can deposit assets, and use them as collateral for borrowing, spot or margin trading, leveraged yield farming, and hedging — all with a single liquidation point

What is Mars Perps' TVL?

Mars Perps currently has $1,807.88 in total value locked. TVL has increased <0.1% over the past 30 days.

What chains does Mars Perps operate on?

Mars Perps operates on Neutron. Neutron holds the largest share at 100%.

Has Mars Perps ever been exploited?

Mars Perps has 1 recorded security incident. The most recent incident occurred on Dec 14, 2025 and involved $960,000. It was classified as Protocol Logic.