$TONIC.X Tectonic is a cross-chain money market for earning passive yield and accessing instant-backed loans. Investors can deposit their crypto assets into Tectonic to earn dynamic yield without lockup periods while borrowers can borrow liquidity by supplying their crypto assets as collateral. Tectonic is modeled after Compound $COMP.X and aims to provide seamless money market functionalities that address several use cases for its users: Investors with excess crypto capital can generate additional interest on their idle assets without actively managing them. Traders can borrow crypto assets and capitalize on short-term or long-term financial opportunities like staking or yield farming. After its mainnet launch in December 2021 on the Cronos chain, Tectonic plans to increase the number of supported tokens by focusing on assets from EVM-compatible ecosystems. In the future, the project promises to launch leverage yield farming and a governance module for its TONIC token.
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