Introducing Tarot: A Decentralized Lending Protocol
Tarot is a decentralized lending protocol for liquidity providers on Fantom Opera.
For hundreds of years, seers and sages across the world have harnessed a powerful tool in order to understand the past, gain insight into the present, and chart a course for the future.
What Is Tarot?
Tarot is a decentralized lending protocol, designed to maximize the future potential of yield farming within the Fantom ecosystem. Liquidity providers can borrow using their Automated Market Maker (AMM) Liquidity Provider (LP) tokens as collateral. Lenders can deposit their individual tokens into the Tarot Protocol lending pools to supply loans.
This facilitates several novel use-cases:
- Borrowing tokens for leveraged yield farming, where the loan is added to a liquidity pool for additional LP tokens.
- Using borrowed tokens to implement an impermanent loss hedging strategy.
- Lending individual tokens to earn yield, while indirectly providing liquidity to AMMs without risk of impermanent loss.
- Achieve the same leverage as alternative DeFi lending protocols with less risk exposure.
The $TAROT Token
$TAROT is a limited-supply ERC-20 governance token that powers the Tarot Protocol.
Holders of $TAROT can stake their tokens to participate in governance and shape the future of Tarot.