MARSIS: An innovative platform that combines NFT and DeFi

MARSIS: An innovative platform that combines NFT and DeFi

News Tech
June 2, 2021 by J.D. Smith
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Blockchain technology has transformed every aspect of the financial industry since its inception a decade ago. Concepts like cryptocurrencies have changed how we make payments, offering fast, secure, and cross-border transactions.  The popularity of cryptocurrencies has led to innovations that have looked to expand the use cases of these assets. Decentralized Finance (DeFi) and NFTs
marsis

Blockchain technology has transformed every aspect of the financial industry since its inception a decade ago. Concepts like cryptocurrencies have changed how we make payments, offering fast, secure, and cross-border transactions. 

The popularity of cryptocurrencies has led to innovations that have looked to expand the use cases of these assets. Decentralized Finance (DeFi) and NFTs (Non-fungible tokens) are two concepts that have dominated the blockchain space in the past few months. 

DeFi has changed the perception of financial products, enabling permissionless protocols built using smart contracts. This has led to new earnings opportunities and concepts like yield farming, liquidity mining, staking, lending, and more. Additionally, the total value locked in DeFi protocols has risen from $250 million in May 2020 to over $60 billion in June 2021. 

NFTs have also had a similar effect within the blockchain space. It has emerged as an ideal crypto-vehicle to tokenize artwork and has created a new ecosystem for digital artworks. Several artists, celebrities, and brands have jumped on the NFT train with record auction sales witnessed in recent months. 

There are a few platforms that offer users the opportunity to access both DeFi and NFT products. These platforms tend to be limited and do not offer robust features. Marsis solves these problems by providing a unique DeFi and NFT ecosystem with incredible features.

An ambitious project with a unique vision

Marsis is a self-governed decentralized NFT evaluation platform that combines DAO, NFT, and DeFi features to provide unique products. With Marsis, there are potential yield farming opportunities and a massive NFT metaverse for users to explore. 

Marsis is a unique blockchain project that seeks to revolutionize the NFT and DeFi space further. It wants to be the major hub where NFT lovers can explore and stake their tokens for rewards within a decentralized autonomous system. 

This provides a robust ecosystem for innovations making it the go-to platform for crypto enthusiasts that want a truly decentralized hybrid ecosystem.

An extensive NFT and DeFi ecosystem

Marsis provides an extensive ecosystem that has multiple features to help users leverage DeFi and NFT products. Some features include a comprehensive NFT platform, a decentralized autonomous organization, voting protocol, synthetic asset aggregator, DeFi and staking dApp, and more. 

Marsis goes beyond the conventional and tackles some of the major problems facing NFT adoption. It has introduced a spearheading protocol to address the problem facing the trading of digital collectibles. 

This voting protocol allows users to stake their vote to make a collective decision to define the value of an NFT asset instead of the centralized measuring system. This mechanism enables the Marsis community to be the driving force of the NFT market and place the correct value on NFT assets. 

Marsis leverages the concepts of DAO (Decentralized autonomous organization) to achieve a fully decentralized platform. Decision-making and valuation of assets are decided by voting mechanisms designed to create a fair and transparent process.

Marsis also introduces popular DeFi products like Vote staking, Yield farming, and Pool mining for users to leverage earning opportunities. Users can earn while executing their rights in the value-defining process.

Security is a significant aspect of any blockchain platform, with news of hacks a common occurrence. Marsis is built using secure smart contracts that have been subjected to stringent security audits.

Marsis Identity Check 

Exploring the Marsis ecosystem is very simple and users can partake in different activities like voting by holding the utility token SIS. Marsis uses a three-tier identity system namely Spacewalker, Resident, and Guest. 

A Spacewalker is a crypto enthusiast that wants to explore the features on Marsis without any major commitments. Spacewalkers can view and use most products on Marsis and stake their SIS to vote and earn rewards.

Marsis allows talented creators specializing in digital arts, music, and other creative works to explore its ecosystem as Residents or Guests. Residents create their NFTs on the Marsis NFT platform and actively engage in promoting their Marsis clans. In contrast, guests are creators that list their external collections on the Marsis NFT marketplace and wait until it is voted. 

A ‘’dual role’’ feature also allows users to engage in affiliated campaigns and get rewarded with SIS tokens. 

DeFi Staking reward system 

DeFi is a huge part of the Marsis ecosystem, and there are different options for users to stake, including a dual pool, consensus pool and DEX pool. 

The DEX pool is one of the easiest ways to earn, and the staking process is relatively straightforward. Users stake their liquidity tokens into supported pools to earn rewards. Stakers can provide liquidity directly on the Marsis DEX Pool dApp on PancakeSwap to earn interests. Currently, Marsis DEX Pool only supports SIS-BNB staking pools. The process is basically to get SIS on PancakeSwap, stake in the SIS-BNB pair, get liquidity provider token, Stake on Marsis DEX pool for rewards in SIS. 

The Consensus Pool is a self-generated pool that enables Marsis community members to vote their tokens in the form of a stake. Marsis users participate in this pool by voting on NFT pieces and locking in their votes. The voted NFT pieces are powered by mining characters that automatically begin mining activities to generate SIS token rewards for stakers. 

Final thoughts 

Marsis has shown its intent to become a major player in the NFT sector with its robust ecosystem and features. The ability to create, list, and sell NFTs and staking SIS tokens for rewards will appeal to crypto enthusiasts.

At the same time, the voting system is also unique and ensures that the community can agree on the actual value of an asset. In all, Marsis is an excellent platform that ticks all boxes for NFT and DeFi lovers. 

Disclaimer: This is a paid post and should not be treated as news/advice.