Tectonic
Lending
Tectonic is a cross-chain money market for earning passive yield. It is forked from Compound V2.
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Tectonic?
Ready to earn 15% yield or more with Exponential?
InvestInformation
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: TONIC
- Tags: Lending
Key Metrics
- TVL: $140.8M (Rank #92)
- TVL Ranking by Lending: #21
- Blockchain: Cronos
- Chain TVL
- Cronos: $140.84M
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by several experienced auditors; MoveBit and OtterSec
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 20% by total value locked slightly reduces risk
- Core contracts can be upgraded with just an EOA wallet
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- At least one minor governance issue documented
- Low voting power concentration reduces risk
Protocol Design
- Solid controls to prevent oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Basic controls in place to prevent risky borrowing
- Basic mechanisms in place to incentivize liquidations
- Solid methods to accrue protocol reserves
Things to know about Tectonic
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