What is Tectonic Crypto? (Should You Ape-In?)

14 Dec 2023 by Rory Kejzerko 2 min read

As our exploration of crypto project EverGrow demonstrates, earning a passive income through DeFi tools is now an easily-accessible reality. Further, another project pioneering such realm is Tectonic crypto, a decentralised non-custodial algorithmic money market protocol where users can deposit assets to earn passive income or borrow funds to unlock liquidity.

As of the time of writing (December 2023), the project has supplied $203,721,364 worth of crypto funds to users, whilst borrowing a combined $78,142,545. These come through the provision of token supplies and borrowing across various crypto markets.

Per the Tectonic crypto website, these include Dai Stablecoin (DAI), Tether USD (USDT), USD Coin (USDC), Wrapped BTC (WBTC), Wrapped Ether (WETH), Cosmos (ATOM), Cardano (ADA), VVSToken (VVS), Ripple (XRP), Litecoin (LTC), and Cronos (CRO).

Most importantly, such services are underpinned by its native TONIC (TONIC) token - a dual-purpose coin that facilitates community participation in governance initiatives, as well as staking abilities for its Community Insurance Pool. In turn, TONIC helps safeguard the Tectonic protocol while also providing opportunities for users to earn additional rewards.

“Crypto assets deposited into Tectonic earn attractive APYs based on a dynamic rate according to market demands. Earnings are available immediately with no lockup” - Tectonic website.

Tectonic Crypto - FAQ

What is Tectonic Crypto?

The Tectonic crypto platform operates as a decentralised non-custodial algorithmic money market protocol, enabling users to generate passive income by depositing assets or accessing borrowed funds to enhance liquidity for their assets.

How Does Tectonic Work?

Tectonic users contribute funds as liquidity, which are then made available to borrowers. These borrowers can access funds at fluctuating interest rates, with Tectonic's smart contracts dynamically adjusting these rates in response to the utilisation rates of each market.

Is Tectonic crypto a good investment?

According to technical indicators, the current sentiment is ‘Neutral,’ while the ‘Fear & Greed Index’ is showing 74 (Greed). Tectonic recorded 15/30 (50%) green days with 3.47% price volatility over the last 30 days. Based on these forecasts, it's a good time to buy Tectonic ($TONIC) at the time of writing (December 2023).

Can Tectonic crypto reach $1?

There are simply too many TONIC tokens in circulation for a $1 TONIC valuation to be realistically reached. If TONIC was to trade at $1 per token, the project's market cap would surpass $11 trillion - where for context, the highest Bitcoin (BTC) has ever reached during the 2021 bull run was $1.22 trillion.

How old is Tectonic crypto?

Tectonic was founded by former Crypto.com CTO Gary Or, who has over ten years of full-stack engineering experience. It launched its mainnet in December 2021 on the Cronos chain and has increased the number of supported tokens by focusing on assets from Ethereum Virtual Machine (EVM)-compatible ecosystems.

Want More Cutting-Edge Crypto News?