|All Time High:
|The price of #TONIC today is $0.000000131 USD.
The lowest TONIC price for this period was $0, the highest was $0.000000131, and the exact current price of one TONIC crypto coin is $0.00000013075.
The all-time high TONIC coin price was $0.00000386.
Use our custom price calculator to see the hypothetical price of TONIC with market cap of ETH and how the supply affects the price of TONIC at different market capitalizations.
|The code for Tectonic crypto currency is #TONIC.
Tectonic is 2.2 years old.
|The current market capitalization for Tectonic is $32,637,931.
Tectonic is ranked #489 out of all coins, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #TONIC.
Today's 24-hour trading volume across all exchanges for Tectonic is $72,761.
|The circulating supply of TONIC is 249,624,073,510,734 coins, which is 50% of the maximum coin supply.
Tectonic has a relatively large supply of coins, 2,053,508 times larger than Ethereum's supply, as an example.
|TONIC has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 2 crypto exchanges.
Short Selling Made Simple on Tectonic
Shorting is a popular strategy used by traders to profit from falling asset prices. This can be particularly useful in volatile markets or when anticipating negative news or events that may impact a token’s price. In this article, we will explore how to create leveraged short positions and provide a sneak peek at what we’ve been building to make shorting on Tectonic even easier!One- Click Shorting on Tectonic — The mechanics of short selling - Short selling involves borrowing an asset, selling it at the market price, and repurchasing it later at a lower price. If the asset price drops, you pocket the difference. Here’s how it works on Tectonic: Supply collateral (e.g. USDC), Borrow the token you want to short, Sell the borrowed token for USDC, Deposit the USDC as additional collateral, If the borrowed token’s price drops, buy it back cheaper, Repay the borrowed token to close the position and realize your profit, Want to execute a short more efficiently on Tectonic? We have a solution for you! Our upcoming shorting tool lets you open a leveraged short in one click. On 14 Sep 2023, we will be launching the third tool in our leverage management series — shorting — which effectively rolls up steps 1 to 4 into just one transaction. Then, when ready to take profits, our Repay with Collateral feature closes the position — also in one click! With 17 markets and up to 3x leverage, we are one...
Isolated Pools: Launch of DeFi Pool
GM fam! We’re excited to announce the launch of our second isolated pool — the DeFi Pool! Back in March, we launched our first isolated pool, the Veno Pool (previously known as LCRO Pool), which has been well received by our community. For more details on how isolated pools work, check out our gitbook. The next isolated pool — DeFi pool — will consist of various partner tokens, starting with Ferro Protocol and Veno Finance! Background on our partners Ferro is a StableSwap AMM optimized to bring users the best rates to trade stablecoins and pegged assets through lower fees and slippage. $FER is the main protocol token and is used to reward and incentivize Ferro users. Veno Finance is a liquid staking protocol where you can stake assets and receive the auto-compounding, yield-bearing receipt tokens in return. $VNO is Veno’s native token which can be utilized across the Cronos Ecosystem. VNO has several use cases, including rewards participation and boost farming. What are the different strategies for the DeFi Pool? There are 4 possible ways you can be rewarded for using the DeFi Pool. Earn passive yield, Be a yield farmer, Be a leveraged yield farmer, Seek arbitrage opportunities across various lending protocols, Let’s dive in! Earn passive yield, If you’re a HODLer, the simplest strategy is to supply your assets for yield. You can earn yield on the following tokens in the DeFi Pool liste...
Introducing Collateral Swap: Simplify and Enhance Your DeFi Experience on Tectonic Finance
We are thrilled to unveil our latest update at Tectonic Finance: Collateral Swap. With Collateral Swap, we aim to simplify your experience while amplifying your control over your assets, as part of our ongoing efforts to grow our Leverage Management Tools. Collateral Swap has several potential uses: Take advantage of a more attractive net supply APY: easily swap into another collateral asset on Tectonic that could pay you more, Manage portfolio exposure and risks: quickly trade within your position by longing for another asset or swap out to increase your collateral factor, Say goodbye to the days of manually repaying debt and switching collateral. — How Collateral Swap Works. — Collateral Swap streamlines the entire process into a single transaction, making it easier and more efficient than ever before. Here’s how it works: Choose the collateral to swap out of and swap into, On the backend, we will burn your original tToken collateral to receive the underlying token, Using an integrated DEX, we will swap this collateral for the new one you chose., The new collateral will be deposited back into Tectonic, and can now be used., The whole process is done in one simple move at a click of a button., — Collateral Swap Key Benefits. — By introducing Collateral Swap, we aim to provide you with several key benefits: Simplified Workflow: Collateral Swap eliminates the need for multiple transactions a...
GM fam! It’s that time again to share what we’ve been working on over the past few months. Let’s dive in! As a quick recap, last quarter we launched two new features: NFT staking and isolated pools. Isolated pools was a significant development for Tectonic as it opened the door for more token listings without compromising on overall protocol security. What’s next you ask? Read on to find out! An area of focus for us this year is building up our arsenal of leverage management tools in order to cater to a broader risk profile or investment criteria, all while enabling users to complete transactions in a single click. We aim to make it easier for users to execute their investment views using Tectonic, which ultimately should help increase borrowing and hence protocol revenue. Over the next few months, we will be launching the first 3 tools in this leverage management series: Repay with collateral, Collateral swap and Long/short. Repay with collateral Currently on Tectonic, a user needs to repay a loan with the same asset they used to borrow. This means that they need to have a sufficient amount of the asset, plus interest accrued, in their wallet in order to repay the loan. The “Repay with Collateral” feature will now give users two ways to repay his debt: either using tokens in his wallet, or using his deposited collateral. The latter option reduces the 3 steps it would typically take a user looking to repay with t...
Isolated Pools: Launch of LCRO Pool
This article was written in partnership with Veno Finance. GM fam! After much rumbling about isolated pools, it is finally here! We’re very excited to be bringing this feature to Tectonic as it opens the door to more token listings on the platform. This also means that users will have more to choose from based on specific risk appetite or token preference. For more details, check out our gitbook on how isolated pools work. The first isolated pool will be in partnership with Veno Finance, the leading liquid staking protocol on Cronos. This article will give examples of different strategies that users can choose to employ to take advantage of the rewards available. What is Veno Finance? Veno Finance is a liquid staking protocol where you can stake CRO and receive the auto-compounding, yield-bearing receipt token LCRO. The LCRO token is designed to maximize composability. Just by owning LCRO, you automatically accrue the CRO staking yield; LCRO can thus be used freely across the Cronos DeFi ecosystem. Tectonic’s LCRO Pool will be one of many ways to leverage on the composability of the liquid staking token. What are the different strategies for this LCRO Pool? There are 4 possible ways you can be rewarded for using the LCRO Pool. Be a yield farmer on Tectonic;, Use your tTokens to earn more rewards on Veno Finance;, Earn staking rewards from holding LCRO ; or, Be a liquidity pool provider on Ferro Protocol, 1.Be a...
Tectonic Isolated Pools
Why isolated pools and how does it work? In our last roadmap update, we mentioned that Tectonic is working on Isolated Pools. Today we are excited to share that the Isolated Pools feature is almost ready. We have sent the contract for audit and are in the final stages of testing. We like to take this opportunity to share with you why Tectonic is building Isolated Pools, how it works and how it will bring Tectonic to the next level. — Expanding Markets - Lending and Borrowing are the core functions of Tectonic. To build up a vibrant money market, there needs to be frequent addition of crypto assets, expanding the markets. This provides more choices for users thus adding liquidity to the protocol. Tectonic is the leading money market on Cronos and builds on the foundation of a Single Cross-collateral Pool. In a Single Cross-collateral Pool, all assets are stored in a single pool, users can deposit supported assets to earn interest or borrow. However, when it comes to adding new token listings, it also comes with respective risks and challenges that must be considered before being implemented. This is because smaller cap tokens with lesser liquidity on-chain and higher volatility are especially prone to high fluctuation (and even price manipulation) which introduce risk to the entire protocol’s TVL. Due to these concerns, we have been conservative in listing smallcap tokens and instead prioritized blue-chip assets wi...
Introducing NFT Staking to boost your maturity vault multiplier
Happy 2023 Tectonians! Thank you fam for all the support so far. We would like to kickstart this year with NFT Staking, which will allow you to boost your xTONIC Vault earnings. What is NFT Staking and how does it work? Going forward, users will be able to stake NFTs (from approved partners) onto their maturity vaults. A key incentive for staking your NFT is to boost your vault multiplier so as to receive more rewards! Here’s how NFT staking on Tectonic works: Stake a maximum of 5 NFTs on any 1 maturity (e.g. you can stake 5 NFTs on your 6 month xTONIC vault), Each NFT can only boost 1 maturity (this means a user can stake a maximum of 20 NFTs across all 4 maturities), The maximum NFT boost multiplier will be 1.5x, We use this formula to determine your boosted rewards based on the number of NFTs staked: Final Boost Multiplier = Vault Multiplier * (1 + min(1.5x, sum(NFT Boost Multiplier))) Ultimately, the more NFTs you stake and the longer the vault maturity (vault maturity determines vault multiplier), the higher your final boost multiplier will be. In order to utilise this new feature, you will need to fulfill the following prerequisites: Have xTONIC tokens of any amount locked in a vault of any maturity, Be an NFT holder of any of our approved partners, Our first NFT partnership is with the Cronos Cruisers collection. We will be looking to add more approved partners in the future, so stay tuned for more updates...
Protocol Updates for Year 2
GM Tectonians! It’s been a year since we launched the protocol, and this means it’s also time to update our token emission schedule for Year 2. Based on the TONIC release schedule designed at launch, we will be adjusting subsidized incentives emissions by about two-thirds for the second year. Going forward, the remaining TONIC incentives will be distributed linearly over the next 4 years. The planned TONIC incentives change will take effect on 7 February 2023. Please read on more below to learn about the rationale and how it can benefit the Tectonic community! What does this mean for you? In our first year of operation, token emissions were a key bootstrapping mechanism in order to incentivise supplying and borrowing. At that point, fees alone were not enough to incentivise participation. However, as the protocol has matured and grown in TVL, we have also been actively building up the use cases for Tectonic and TONIC tokens, which will give our community more ways to be rewarded! As shown in the chart below, part of the TONIC allocation was set aside for liquidity mining and staking rewards (within Community Incentives). In line with our release schedule, the emission rate for such incentives will slow down from year 2 onwards. This means that total daily rewards for platform users will be impacted, including the TONIC rewards for supplying and borrowing as well as for our xTONIC vaults. More importantly, this means th...
Tectonic is launching Ambassador Program
Gm fam! Tectonic has been growing with Cronos Chain at an exponential rate since we launched in Dec 2021. Our team is ambitious to improve and expand our platform continuously. To achieve that, we couldn’t do this without our community! We are launching the Ambassador Program to seek active yet helpful folks who share the same vision with us, to drive the community growth and assist other members. What will you do as a Tectonic Ambassador? Work closely with the team on escalating community issues or feedbacks, Provide valuable insights on latest web3.0 & DeFi development, Educate and promote our product to community members, Assist in organising and coordinating various community events, Manage our community channels on Discord & Telegram, If you are interested, please feel free to complete this application form or reach out to our CMs on discord and telegram for any questions. Click this link to apply for Tectonic Ambassador Progr
Tectonic | Roadmap Update
GM Tectonians! It’s been almost 1 year since we broke ground on a money market protocol that has become a key pillar of the Cronos ecosystem. We’ve had so much fun in the process, and are grateful for the amazing support from all of you along the way. As we approach our anniversary, we are excited to share our upcoming plans for the next 3 to 6 months. This roadmap prioritizes features that balance utility as well as feedback from our community. Before we dive in, let’s quickly recap on what we have delivered so far! Last quarter, we hit most of our targets. We are currently still working on a few items, which are in collaboration with our partners. This includes the launch of “Liquidation Threshold Notifications”. We are working with the Cronos ID team to expand on this to include other types of notifications (detailed more in the Notifications Services section below). Isolated lending pools During our AMA session in August, many of you expressed interest in adding more markets to the platform. We recognise that expanding our token listing is key to maintaining our position as the foremost lending protocol on Cronos. However, the decision to add new tokens cannot be taken lightly, as it may add a new source of risk to all token markets. Smaller cap tokens with lesser liquidity on-chain and higher volatility are especially prone to high fluctuation (and even price manipulation). Due to these concerns, we have been...
More Tectonic (#TONIC) News
|Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Sin...
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting for 17.18% of the total.Ethereum Dominates Defi With Over 60% of TVL, While Tron and Binance Smart Chain Battle for Second Place
In the past 24 hours, the entire cryptocurrency market has risen more than 5% against the U.S. dollar, and the market capitalization of the top smart contract platform tokens has increased by 7%. During the same period, ethereum increased by 6.5%, BNB rose by 4.2%, cardano increased by 2.4%, and polygon rose by 8.3% against the U.S. dollar. Solana saw a 3.9% increase, polkadot rose by 3.6%, and avalanche gained 5.7%.
The aforementioned price increases have propelled the total value locked (TVL) in decentralized finance (defi) above the $50 billion mark for the first time since Nov. 8, 2022. As of Feb. 16, 2023, statistics show that the TVL is approximately $51.1 billion, with $8.78 billion held by Lido. Lido is the largest protocol in terms of TVL, capturing 17.18% of the total. The liquid staking protocol is followed by Makerdao, Curve, Aave, and Convex Finance, respectively.
This week, more than 60% of the total value locked in defi, amounting to $30.98 billion, is tied to Ethereum. Tron is the second-largest blockchain in terms of TVL size, c...