Discover the best DeFi opportunities with expert research and risk insights.
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?
Information
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: TONIC
- Tags: Lending
Key Metrics
- TVL: $169.6M (Rank #89)
- TVL Ranking by Lending: #19
- Blockchain: Cronos
- Chain TVL
- Cronos: $169.6M
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
Tectonic Pools
