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TONIC Rewards Boost
Tectonic aims to improve TONIC utility, as well as increase user activity on the protocol. One way to do this is to reward actions that help support these 2 objectives.
The TONIC Rewards Boost feature seeks to reward long-term TONIC holders who are also active users of Tectonic. These users will be eligible to receive a larger proportion of TONIC from liquidity incentives, which essentially translates to higher interest received from lending, and/or lower borrowing rates. Here's how:
Step 4: User receives a market-specific boost multiplier based on 1) the quantity of xTONIC locked relative to peers, and 2) locking duration 3) NFT boost (if any)
NOTE:
- A "market" is defined as a token pool that a user has either supplied or borrowed from. For e.g. a user can boost the USDC market that he has supplied to and WETH market that he has borrowed from, or he could also boost the WBTC or USDT markets that he has borrowed from
- Only markets that offer TONIC incentives can be boosted (with the exception of CRO markets. Suppliers and/or borrowers of CRO will not receive a boost)
Markets with the TONIC symbol (except for CRO markets) are available for boosting:
Main Pool
- USDC (supply) market
- USDC (borrow) market
- USDT (supply) market
- USDT (borrow) market
- WBTC (borrow) market
- WETH (borrow) market
- TONIC (supply) market
- TONIC (borrow) market
Veno Pool
- USDC (supply) market
- USDC (borrow) market
- USDT (supply) market
- USDT (borrow) market
- ATOM (supply) market
- ATOM (borrow) market
Last modified 18d ago