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Poolin Launches Mars Protocol To Combine PoW Mining With Yield Farming

Mary Liu

Summary: Poolin, a multi-currency mining pool, the second-largest mining pool for Bitcoin has launched the first Ethereum-based, decentralized, standardized hash rate protocol Mars Protocol. The protocol, which consists of Bitcoin's hash rate based pBTC35A token and the governance token MARS, is aimed to pack proof of work (PoW) mining into the on-chain protocol, and bridge the PoW ...

Poolin, a multi-currency mining pool, the second-largest mining pool for Bitcoin has launched the first Ethereum-based, decentralized, standardized hash rate protocol Mars Protocol. The protocol, which consists of Bitcoin's hash rate based pBTC35A token and the governance token MARS, is aimed to pack proof of work (PoW) mining into the on-chain protocol, and bridge the PoW with DeFi's yield farming.

Users who stake pBTC35A or pBTC35A/USDT trading pairs can get MARS and WBTC rewards. pBTC35A can be bought directly from Poolin at a price of 100 USDT per unit, or purchased on Uniswap. In the initial stage, the total supply of pBTC35A tokens was 5,000. As of press time, more than 8,500 have been sold.

By Mary Liu

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