Example of Supplying
Last updated
Last updated
John supplies (deposit) 5,000 USDC into Tectonic
Based on the current exchange rate of 2 USDC per 1 tUSDC, he receives: 2,500 tUSDC.
Assuming USDC APY of 10% and a holding period of 3 months, your tToken will during these 3 months. After 3 months of earning interest, the USDC per tUSDC exchange rate will become 2.05 USDC per tUSDC.
John can then redeem his supplied USDC at the prevailing rate, receiving back 5,125 USDC