🛰️ Market Update – Temporary Borrowing Restrictions As part of our ongoing response to the recent incident, the Mars Protocol Risk Management DAO has executed an additional temporary risk-mitigation measure on the Mars Neutron outpost. - Borrowing has been disabled for all assets except USDC - USDC borrowing remains enabled to allow system operations and orderly position management - Deposits and repayments remain enabled - No changes were made to the Osmosis outpost or to Amber Finance. During periods of elevated uncertainty and high utilization, unrestricted borrowing can drain available liquidity and increase the risk of additional bad debt. Temporarily limiting borrowing helps protect lenders, prevents further imbalance, and gives the system room to recover in an orderly way. This measure is temporary and will be revisited as soon as conditions stabilize and the recovery plan is executed. We’ll continue to provide transparent updates as the situation evolves. A full post-mortem will be shared later today.

Mars Protocol
@mars_protocol
12-15
🚨 Mars Protocol Incident Notice
We are aware of a serious security incident involving the Mars Perps Market.
Our team initiated an immediate investigation and has already disabled all perps-related contracts and halted new activity, preventing any further impact.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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