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.
The Tectonic protocol plans to support the following tokens at public launch.
- TrueUSD (TUSD)
- Dai (DAI)
- Tether (USDT)
- USD Coin (USDC)
- Wrapped BTC (WBTC)
- Wrapped Ether(WETH)
- Tectonic (TONIC)
- Crypto.org Coin (CRO)
In the future, Tectonic will open up to more tokens. We welcome further suggestions from the community via our web app / social media channels.