Now there are 4 possible ways you can be rewarded for using the $LCRO Pool 🔥
1. Lending your $LCRO on Tectonic 2. Use your tTokens to earn more rewards on @VenoFinance 3. Earn staking rewards from holding $LCRO or 4. Be a liquidity pool provider on Ferro Protocol
Lending your $LCRO on Tectonic is the same as lending in the main pool, except the tokens available are limited to the isolated pool itself.
The available tokens for the $LCRO Pool are displayed below, along with their respective reserve and collateral factors.
𝐂𝐨𝐦𝐩𝐨𝐬𝐚𝐛𝐢𝐥𝐢𝐭𝐲 is one of the core features of decentralised finance. So when you supply $LCRO on Tectonic, it allows you to do two things:
1) Earn $VNO rewards by depositing your tLCRO tokens on @VenoFinance
OR
2) Use it as collateral to borrow another token
Let us take a look at Option 1.
After supplying $LCRO on Tectonic, you will get tLCRO tokens which you can then take to @VenoFinance
Deposit in the Tectonic Garden
And be earning rewards in $VNO, which is the native token of @VenoFinance. 🔥
Option 2
With your supplied $LCRO as collateral, you can borrow $CRO.
And stake the borrowed $CRO with @VenoFinance for $LCRO
LCRO is an auto-compounding yield-bearing token, so you are earning staking yield while you are holding it.
The yield currently stands ~12.89% APY
Following that you can also take the $LCRO and deposit it in @FerroProtocol LCRO-CRO Pool in order to earn LP Provider Rewards. 🤑
This is not an exhaustive list of how a holder can utilise the LCRO Pool. There are many more ways 🔥
Plus there will also be $TONIC incentives for the $LCRO Pool 🌋
So on top of all the yields from above, you get to earn $TONIC too.
$TONIC emission starts from 30 Mar 9am UTC
Be Early 🫡
Come join us in the discord and talk about $LCRO Pool strategies 🫡
You can think of Tectonic as a big complex and within it contains different pools.
2/7 Isolated pools allow Tectonic to have multiple lending markets, each supporting a specific subset of assets. This enables the protocol to contain the risk for each pool and have the ability to list smaller cap tokens.
3/7 It contains the Main Pool which is what we have now. It will also be adding Isolated Pools. In each Isolated Pool, there will be a specific subset of assets.