tTokens

Overview

In return for their supplied assets, liquidity providers will receive corresponding tToken (e.g., tETH, tUSDC), which entitles them to redeem the supplied assets in the future. The tToken-to-asset exchange rate will continuously increase to reflect interests earned by the lender.

Each asset supported by Tectonic is integrated through a tToken contract, which is an ERC-20 compliant representation of balances supplied to the protocol. By minting tTokens, users (1) earn interest through the tToken's exchange rate, which increases in value relative to the underlying asset, and (2) gain the ability to use tTokens on other protocols that accept tTokens.

Supported tTokens

The Tectonic protocol plans to support the following tokens at public launch.

• TrueUSD (TUSD) - deprecated

• Dai (DAI)

• Tether (USDT)

• USD Coin (USDC)

• Wrapped BTC (WBTC)

• Wrapped Ether(WETH)

• Tectonic (TONIC)

• Cronos (CRO)

• Cosmos (ATOM)

• Cardano (ADA)

• VVS Finance (VVS)

For the extensive list, please refer here.

Commonly asked questions

Q) How do I find my tToken balance?

A: Your tToken balance is visible in your wallet. Alternatively, you can check your balance on the Dashboard

Q) Can I transfer my tTokens?

A: Yes you can. However, do note that transferring your tTokens is equivalent to transferring the underlying asset that you have supplied on Tectonic. This could impact your account health (lava bar) if you are borrowing against it. If the transfer is successful, you will see your tToken balance on the Dashboard decline.

Q) Why was the transfer of my tTokens unsuccessful?

A: This may happen if you are borrowing against this asset on Tectonic and the transfer of tTokens would bring your account health beyond the liquidation threshold.