Mars Protocol (MARS) - MRC-164 Vote Ends - 02 January 2026
The MRC-164 governance proposal vote, running through early January, aims to define the final steps to resolve the USDC market shortfall that followed the recent exploit, according to the Mars team’s official update. Mechanically, the proposal is expected to formalize how losses are handled and how remaining resources are allocated, directly impacting user recoveries and protocol balance sheet health. This matters for MARS because clarifying exploit fallout can remove a major uncertainty discount, influence future deposit and borrowing activity, and reset market confidence in Mars as a lending venue on Cosmos. [MRC-164] Update on Exploit Response and Action Plan - On-Chain ProposalWe’ve submitted an on-chain governance proposal outlining the final steps to resolve the USDC market shortfall following the recent exploit.What this proposal does:• Executes a DAO treasury transfer…