Pledge Finance and Mars Ecosystem Join Forces in Partnership Deal
Pledge Finance and Mars Ecosystem create a partnership deal to cross promote their products and share over $70 million in liquidity.
PALO ALTO, Calif., Sept. 15, 2021 /PRNewswire-PRWeb/ -- Pledge Finance and Mars Ecosystem join forces on a strategic partnership to cross promote and share over $70mill liquidity.
Committed to being the leading crypto-asset lending platform, Pledge is thrilled to announce they have signed a strategic partnership deal with leading swap platform Mars Ecosystem, which will allow community members from both protocols to share liquidity.
Today, Pledge has announced a partnership deal with Mars, a leading swap on the Binance Smart Chain. It has $1mill/day exchange volume and over $70mill in TVL. According to Pledge, this partnership deal will expose Mars users to defi lending/borrowing, as well as provide liquidity and the ability to start liquidity mining.
"Tony is a great Stanford alum, and Pledge is a great crypto lending protocol, and with their service, our users can get into defi lending and borrowing," said John Qin, CEO of Mars. "In the TradFi world, brokerage companies provide margin loans to users. With Pledge we can do the same in the DeFi world for Mars users. At the same time, our liquidity can be used to lend out on the Pledge platform for additional yield. It is a win-win for all users."
The partnership deal between Pledge and Mars will serve as an authentic game-changing way of connecting a Cefi exchange and lending platform with defi blockchain technology. Both parties assure they will build on each other's strength.
Excited about the partnership deal, Tony Y. Chan, CEO of Pledge, said, "Mars is a great swap with over $1mill daily trading volume and over $70mill liquidity. I am excited to provide them with the Defi lending/borrowing option. Mars users will have an option to start providing liquidity and potentially get a stable return. At the same time, Pledge customers can borrow and lend on the Mars swap where they support a lot more crypto assets and stable coins. In the future, Pledge can support XMS and USDM as collateral for borrowing also. I am very excited about this partnership."
Pledge and Mars are ensuring persons interested in crypto, blockchain technology, and decentralized finance (Defi) find a one-stop shop for all of their interests. For further inquiries on the partnership and other activities by Pledge, send an email to [email protected].
About Pledge
Pledge aims to be the crypto-asset lending platform for all. Unlike most available lending protocols, Pledge won't be focused on crypto traders borrowing digital assets in real-time for day trading. Instead, Pledge answers the need for longer-term financing, mainly serving crypto-asset holders to diversify their portfolios with non-crypto assets.
For more information, please visit http://www.pledger.finance.
About Mars Ecosystem
Mars is a new decentralized Stable coin protocol. It has 3 major components: a stable coin, a volatile token and a stablecoin AMM DEX. Mars stablecoin is price-stable, capital-efficient, scalable and decentralized.
For more information, please visit http://www.marsecosystem.com.
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Media Contact
Company Name: Pledge
Contact Name: Tony Y. Chan
Phone number: 4156448999
Email: [email protected]
Country: United States
Media Contact
weihao xia, Pledge Finance, +1 9259971196, [email protected]
SOURCE Pledge Finance
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