According to the official Tectonic platform, it is a decentralized algorithmic money market protocol that is non-custodial. Over the past 24 hours, the crypto market has shown signs of recovery after days of ups and downs. Despite losing a ‘0’ from the coin’s price in January, Tectonic Crypto (Tonic) is reaping the benefits. What Is Tectonic Crypto? With Tectonic, users can act as lenders or suppliers of liquidity using an algorithmic-based non-custodial money market protocol. Suppliers supply liquidity to earn passive income, while borrowers borrow liquidity in an over-collateralized fashion. Tectonic references Compound, a tried and tested protocol, as part of its protocol design and architecture. With it comes an attractive incentive program powered by the native token for the Tectonic protocol, $TONIC. The tectonic protocol enables cryptocurrency money market implementations securely and seamlessly, allowing users to gain multiple use cases. How Does It Function? Liquidity is provided to borrowers through deposits by users, who may borrow at variable interest rates. According to Tectonic’s smart contracts, these rates are adjusted based on each market’s utilization rate. Is Tectonic a Noteworthy Investment? It is challenging to answer this question. It appears, however, that long-term investment in this cryptocurrency would be a good idea. The graphs for Tectonic will fluctuate in the future depending on the price evolutio...
