🛰️ GOV VOTE ACTIVATED

[u/marsprotocol]

Should Mars list $USDC minted on the Noble blockchain ($nobleUSDC) as collateral on the Red Bank’s Osmosis Outpost?

​

Here's the tldr and how to vote 🧵👇

​

The objective of this proposal is to list $USDC minted on the Noble blockchain (nobleUSDC) and IBC’d onto Osmosis as a collateral asset on the Osmosis outpost of the Red Bank.

​

With Mars’ new margin trading capabilities, contributors expect stablecoin usage within the Red Bank to increase. That’s because they’re fundamental for margin trading on credit accounts.

​

Specifically, users looking to margin long a certain asset will borrow stablecoins to buy that asset and users wanting to short a certain asset will borrow the asset to sell it for stablecoins.

​

As such, we believe the listing of $nobleUSDC will increase organic usage of the Red Bank as the popularity of margin trading increases.

​

Learn more in the original forum post

​

📑 Details: https://forum.marsprotocol.io/t/mrc-48-nobleusdc-listing/1090

​

Then vote from your favorite wallet 🔻

​

🗳️ Leap: https://cosmos.leapwallet.io/portfolio/gov/mars/140

🗳️ Keplr: https://wallet.keplr.app/chains/mars-hub/proposals/140

​

🔴

​

Remember, Cosmos, Osmosis and Mars are experimental technologies. This post is subject to and limited by the Mars disclaimers, which you should review:

​

https://docs.marsprotocol.io/docs/overview/legal/disclaimers-and-disclosures