Tectonic is a decentralised non-custodial algorithmic-based 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.
Tectonic's protocol design and architecture references Compound, a proven and audited protocol. It is complemented with an attractive incentive program powered by xTONIC, the native token of Tectonic protocol.
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