Example of Supplying
John supplies (deposit) 5,000 USDC into Tectonic
- 1.John receives 2,500 tUSDC, at the current exchange rate of 2 USDC per 1 tUSDC
- 2.Assuming USDC APY of 10% and a holding period of 3 months, the exchange rate will move correspondingly with the APY to 2.05 tUSDC/USDC
- 3.John can then redeem his supplied USDC at the prevailing rate, receiving back 5,125 USDC
Last modified 11mo ago