Tectonic is a cryptocurrency platform that allows users to earn passive income and borrow funds using their digital assets. It is designed to function similarly to Compound, offering a variety of financial services to its users. By depositing their crypto assets into Tectonic, investors can earn interest without any restrictions on accessing their funds. On the other hand, borrowers can leverage their crypto assets as collateral to access liquidity. Tectonic aims to cater to different user needs, such as providing a way for investors to generate additional interest on their idle assets and enabling traders to take advantage of various financial opportunities. Additionally, users can access cryptocurrencies for participating in IDOs without having to sell their underlying collateral. The platform is set to launch its mainnet on the Cronos chain in December 2021, and it plans to expand its supported tokens by focusing on assets from EVM-compatible ecosystems. In the future, Tectonic intends to introduce leverage yield farming and a governance module connected to its TONIC token.
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