Mars Hub, the original lending protocol on the Terra blockchain, has deployed its mainnet on Cosmos, according to a recent blog post.
The protocol will be available on Osmosis, the largest decentralized exchange on Cosmos with a total value locked of $180 million.
Users will be able to borrow and lend Cosmos-based tokens, with stakers of the MARS token receiving a portion of fees as a reward.
At present, Mars Hub is only accessible on-chain and does not have a user interface, but there is a governance proposal to incentivize liquidity providers on Osmosis.
64.4 million MARS governance tokens have been unlocked, and those who held MARS tokens on Terra Classic received an airdrop based on two historical snapshots.
Currently, MARS tokens are only available on the Mars Hub chain and cannot be transferred for other cryptocurrencies.
Mars Hub was one of several DeFi protocols affected by the collapse of the Terra ecosystem last year, which resulted in the loss of more than $60 billion in value.
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