Tectonic
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FAQs

What is Tectonic?

Tectonic is a decentralised non-custodial money market protocol that allows users to participate as liquidity suppliers or borrowers. Suppliers provide liquidity to the market to earn a passive income, while borrowers are able to borrow liquidity in an over-collateralized fashion.

How do I get started?

First, you need to set up your wallet. You can use the Crypto.com Defi Wallet or Metamask to interact with Tectonic. Then, you will need to bridge fund to Cronos.
You can check out the official bridging guide here.

What is the contract address on $TONIC?

You can view the TONIC CRC20 smart contract here.

How do I supply Assets to Tectonic?

Just head over to the Tectonic website and select the asset you want to supply and click supply. A more detailed guide is found here.

How do I borrow Assets from Tectonic?

First, you need to enable the asset you want to use as collateral on the Dashboard. Then just select the asset you want to borrow and click borrow! Do take note on your LTV and be careful of liquidations!
Check out a detailed guide here.

Why can't I borrow the asset I deposited?

During the initial phase of Mainnet launch, we will disable the supplying and borrowing of the same asset. As an example, this means that if you have supplied USDC, you will not be able to use the USDC as collateral to borrow more USDC. This is done as we are aware that whales often do leveraged stablecoin farming, to receive more incentives.
Leveraged stablecoin farming is the act of supplying and borrowing the same asset, typically stablecoins, in a continuous loop. This restriction is thus put in place to ensure that our incentives are spread across a larger Cronos user base, benefiting all users who are using the Tectonic platform.

How do I repay my loan?

Go to the Dashboard, select the asset you want to repay and just repay! You can check the guide here: https://tectonic.gitbook.io/docs/guides/loan-repayments

How do I withdraw Assets from Tectonic?

Head over to Dashboard and just select the asset you want to withdraw. Make sure you have sufficient liquidity to withdraw or you won't be able to! Check out the possible scenarios here.

What are liquidations?

Liquidations happen when your collateral falls below the required LTV ratio. Liquidations are necessary to keep the protocol healthy and prevent bad debts. You can check how close you are to liquidation via the lava bar on the dashboard. More details here.

What are tTokens?

tTokens are the receipt token received for supplying the corresponding asset. It entitles users to withdraw their supplied asset and the tToken-to-asset exchange rate will continuously increase to reflect interests earned by the lender.

What determines the interest rate?

Our interest rate model is documented here and the interest rate parameters can be found here .

What price oracle does Tectonic use?

Currently, we are using our own internal oracles as documented here. The oracles update twice hourly or whenever there’s a 1% change in price. We will be shifting to decentralized oracles like Chainlink and Band once they are live and supported on Cronos.

What is $TONIC used for?

$TONIC is the governance token of the Tectonic protocol. once our Community Insurance Module is live, you can stake $TONIC to receive a portion of fees collected and in return, your $TONIC will be used as insurance in case of short-fall events.
In addition, once our Community Insurance Module is live, you can stake $TONIC to receive a portion of fees collected and in return, the $TONIC contributed will be used to secure the protocol if a shortfall event unfortunately occurs.
Read more about $TONIC's tokenomics in more detail here.

Where can I buy/sell $TONIC?

You can buy and sell $TONIC on VVS Finance.

Is Tectonic audited?

Tectonic protocol is a fork of Compound protocol. Compound protocol was audited by Trail of Bits and Open Zeppelin. Tectonic's smart contracts were audited by Particle B’s security team as well as external auditing firm Slowmist.
The Tectonic source code and security audit Report is being finalized and will be published when it is available.
The audit reports can be found here.