Tectonic Tonic Price USD

Tectonic is a cross-chain money market where you can get instant-backed loans and earn passive yield. Investors can put their crypto assets into Tectonic to earn dynamic yield without lockup periods, and borrowers can get cash by using their crypto assets as collateral.

Tectonic is based on Compound, and its goal is to give users seamless money market functions that can be used in a number of ways:

• Investors with more crypto money than they need can earn more interest on their idle assets without doing anything.

• Traders can borrow crypto assets and use them for short-term or long-term opportunities to make money, such as staking or yield farming.

• People can use cryptocurrencies to take part in IDOs without selling their collateral.

After its mainnet launch on the Cronos chain in December 2021, Tectonic plans to add more tokens by focusing on assets from ecosystems that work with the EVM. The project plans to release leverage yield farming and a governance module for its TONIC token in the future.

Particle B, a startup accelerator that only works with projects built on Cronos and the Crypto.org chain, gave Tectonic its start. Gary Or, an entrepreneur, hacker, and product designer who was very interested in blockchain technology, started it. As the former CTO of Crypto.com, Or has more than ten years of experience with full-stack engineering. During that time, he oversaw the development of crypto products for payment, trading, and financial services from start to finish.