Introducing xTAROT
With xTAROT, stakeholders will govern and shape the future of Tarot. This includes the ongoing maintenance of key parameters, fees, and rates in the Tarot Protocol, as well as determining the distribution of fees accrued to the protocol’s own reserves.
Benefits of staking TAROT for xTAROT:
- Earn TAROT rewards from protocol revenue
- Enhanced yield by supplying staked TAROT in lending pools
- Increased liquidity across multiple lending pools
- Collateralization via the composable xTAROT token
- Participation in Tarot DAO governance
- Stake xTAROT in partner-incentivized pools for additional rewards
Fee Distribution
With the launch of xTAROT, ongoing fees accrued to the Tarot Protocol will be used to buy back and distribute TAROT rewards to xTAROT holders as follows:
- 50% → Remain in protocol reserves (as bTAROT and tTokens)
- 50% → Buy back and distribute TAROT to xTAROT holders
Staking TAROT for xTAROT
Users can stake TAROT to receive xTAROT, which represents a share of the xTAROT staking pool. The xTAROT/TAROT exchange rate increases over time as staked TAROT is supplied to multiple lending pools, and further increases as protocol fees are used to buy back and distribute additional TAROT rewards to xTAROT holders.
Tarot
Tarot is a decentralized lending protocol on Fantom Opera where users can participate as lenders or borrowers in isolated lending pools.
