# Mars Ecosystem治理币XMS

Mars Ecosystem的治理币 <img src="/files/-MaL1xmJC9-wKVpArShS" alt="" data-size="line"> XMS的价值捕获包含下面几个途径：

:heavy\_check\_mark: **铸造控制机制**。铸造控制机制保证了XMS市值至少是USDm铸造量的2.5倍。如果市场对USDm的需求是1亿个，那么XMS的市值就至少是2.5亿美金，否则USDm铸造量就无法达到1亿个。

这种价值捕获方式效率很高。目前市场上Maker协议的DAI铸造量为48亿个，治理币MKR的市值是37亿美金，如果Maker协议也使用Mars Ecosystem创造的铸造控制机制，那么48亿个DAI对应的MKR的市值会达到120亿美金，是37亿美金的3倍多。

:heavy\_check\_mark: **Mars金库控制权价值**。XMS持有者可以通过协议治理来控制Mars金库，这使得XMS的市值至少大于Mars金库中资产价值的两倍才能防备常见的51%攻击。如果市场上USDm的铸造量为1亿个，对应金库中有1亿美金的资产，那么XMS的市值就至少是2亿美金，否则Mars金库就面临被攻击的风险。

:heavy\_check\_mark: **Mars DeFi协议产生的手续费用**。用户在Mars Swap，Mars StableSwap等Mars DeFi协议上进行交易时会产生手续费用，这些手续费用部分交给流动性提供者，部分被协议收取。协议将这些手续费用通过回购销毁XMS等方式将价值赋予XMS。


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