Thread by @DefiIntro

1. As #fantom ecosystem grows, @TarotFinance is killing it after $xTAROT implementation.

So it would be unfair not to talk about them!

Let's start!

2. Tarot started as a fork of @ImpermaxFinance, @TigrisOfGaul did almost everything as a one-man army, and not just as a developer, but also as a communication manager on discord.

Thanks to the #fantom community support, it passed the original protocol almost instantly.

3. If you don't know how protocol works, i had a video about it, you can watch it here:

The APRs are generally the best among the ecosystem as every pool is different from others.

4. At the time, I was checking APRs everyday because there was no lending optimizer. Now @TarotFinance has its own optimizing vaults for lending.

It automatically puts your asset into the best yielding pool.

Don't forget that it has %10 fee based on performance.

5. As we learned what Tarot is about, let's start to talk about fees and tokenomics.

There are 3 different fees on Tarot.

- Borrowers pay %10 of their interest to the reserve and %90 to lenders.
- %0.1 initial borrowing fee goes to the reserve.
- %10 fee on vaults.

6. Currently the tarot has 112m$ total borrowed.

Borrowing APR on average is around %30-35.

So if we calculate it, protocol is making around 3,5-4m$/yr from borrowers.

7. From initial borrowing (%0.1), protocol made around 100k$. And it keeps growing as the market grows.

Supply vaults has around 40m$ TVL.

It's generating around 120k$/yr currently for the protocol. I believe it will grow as people want to leverage more based on fantom growth.

8. If we compare it to the other lending protocols, @GeistFinance has %1.37 APR if we don't take rewards into account.

I expect more people to start lending on @TarotFinance in the future as the APRs are incredibly higher than other protocols.

9. And even with this borrowing APRs, people are still happy to leverage their LPs.

When more suppliers come, interest rate drops, the more borrower comes, supply APRs rise.

10. Currently based on circulating supply, market cap is around 19m$.

Protocol is making around 4m$/yr. Which is used to buyback $tarot and distribute it to $xTAROT holders.

The $tarot rewards are gone to borrowers.

APR is around %36 with FTM rewards. (Foundation incentives)

11. And the rewards are instantly going to the supply vaults. You are earning yield generating $FTM.

Mcap/Borrowed TVL ratio is currently 0,18.

For comparison:

AAVE: 0,6
Compound: 0,4

And i don't even talk about the APR difference.

12. For conclusion, Tarot is/has:

- Better APRs for lenders.
- Only leveraged farming platform on #Fantom
- Too much room to grow
- Great tokenomics
- Good communication/support on discord.

$TAROT $FTM

13. Disclaimer: I own $tarot and my opinions may be biased.

These are not financial advices. Always do your own research.

See you in the next thread! Thanks for being here, as always!