Tectonic is a cross-chain money market for earning passive yield and accessing instant backed loans. In summary, Tectonic protocol aims to provide secure & seamless cryptocurrencies money market functionalities, enabling multiple use cases for its users. "HODLers” can generate additional returns from interest by supplying assets to the protocol without having to actively manage their assets. Traders can borrow certain cryptocurrencies to capitalize their short-term trading view (e.g., shorting) or yield maximizing opportunities (e.g., farming). Users can obtain access to other cryptocurrencies for multiple purposes (e.g., participate in ICO, bonding), without having to liquidate their original assets.
Categories: Governance, Lending & Borrowing, Yield Farm
Tags: Governance, Lending & Borrowing, Yield Farm