Tectonic Crypto
Tectonic crypto is a non-custodial, decentralized money market protocol that facilitates lending and borrowing across different blockchains. Its core technology uses TONIC, a fungible resource, to provide the service. HODLers can take advantage of this by earning attractive APYs.
Tectonic is a decentralized non-custodial money market protocol
The Tectonic protocol allows users to borrow up to 75% of the collateral’s value from a pool of assets. This helps the users avoid bad debts by limiting the exposure of the borrower. Tectonic is an open protocol, meaning that anyone can participate in the liquidity process.
It offers an easy-to-use user interface, which allows users to engage as liquidity providers and borrowers. It also includes a reward system that is powered by its native token, TONIC. TONIC is used for governance and as a form of compensation for participating in the ecosystem. Users can also stake the tokens in the community insurance pool to receive additional rewards.
It facilitates lending and borrowing across blockchains
Tectonic crypto facilitates lending across blockchains through a unique model. Firstly, liquidity providers deposit their assets in the Tectonic lending pool, and in exchange receive tAssets, which allow them to redeem their deposited assets. The tAssets are essentially yield bearing assets, which provide borrowers with an increasing claim on the assets deposited against the loan.
The Tectonic protocol allows users to provide liquidity, which is then aggregated in pools controlled by smart contracts. Liquidity providers are rewarded by receiving tUSDT or tETH, which they can then use to purchase other assets. Alternatively, borrowers can borrow these tTokens and use them on other protocols.
It uses TONIC as a fungible resource
TONIC is a digital token used in the Tectonic protocol. The token has two key uses: it can be staked into the Community Insurance Pool and earn rewards, or it can be used to vote on Tectonic governance proposals. Both use cases are distinct from the TONIC money market.
Tonic has a total supply of 500 trillion tokens. Tectonic allocates 0.1 percent of the supply to airdrops, with 13 percent being reserved for network security and maintenance. The security allocation has no vesting schedule, while the maintenance allocation is unlocked upon protocol launch.
It offers attractive APYs to HODLers
Tectonic crypto is a decentralized, algorithmic money market protocol that allows users to lend and borrow liquidity. This way, users can generate passive income while simultaneously earning a return on their investment. Tectonic also allows users to leverage their crypto assets by providing liquidity to other users in the network. This allows users to access other cryptocurrencies for ICOs and bonds without liquidating their original coins. Tectonic also offers loans to traders, which allows users to unlock the liquidity of their assets. They also have an incentive program powered by the $TONIC token, and this enables TONIC holders to earn interest on their investment by providing liquidity to other users.
Tectonic’s roadmap also includes more tokens for lending and borrowing. This includes Cosmos-based assets, EVM compatible assets, and more. The Tectonic protocol native token, $TONIC, powers the incentive program and has a total supply of 500 trillion tokens. Despite its low market cap, Tectonic has a high staking interest from its crypto community. Nonetheless, the company is experiencing some backlash after its price dropped and APYs went below zero.
It has a dismal track record as an investment
Tectonic is a crypto project that has suffered a bad track record as an investment. It has been a failure from the very beginning, despite its massive 500 trillion TONIC supply and promise of high staking interest. Recently, the coin faced criticism when it reported 0 APY for a few days. But Tectonic is still an interesting cryptocurrency that has a lot of potential and relevance. Let’s take a closer look at Tectonic and whether it is worth investing in.
Tectonic is a cross-chain money market that aims to provide users with a seamless experience in the digital currency money market. Tectonic users can borrow and provide liquidity for other cryptocurrencies in exchange for interest and passive income. Tectonic also aims to offer access to other cryptocurrencies for bonding, ICOs, and trading, without the need to liquidate the original coins. Traders can borrow and lend TONIC for short-term trading opportunities. Tectonic also has a payout for staking assets.
