On March 31, the Cosmos ecosystem lending protocol Mars Protocol announced that it has completed the entire liquidation process according to governance proposal MRC-165: all liquidation LTVs have been adjusted to 0, and all remaining loan positions have been liquidated. Funds in users' credit accounts and Mars v1 have been directly returned to their wallets. The project team stated that funds held by Amber will be notified through Amber's official channels in the coming days. Mars' official Discord and Telegram will be closed soon, and no further support or updates will be provided. The Mars team indicated that this operation marks the formal and orderly conclusion of the protocol.