Crypto.com integrates Tectonic to allow users to stake TONIC tokens in just seconds via the built-in DeFi Earn function in the DeFi Wallet app (requires V.1.33.0 or above).
This also makes DeFi Wallet the first wallet to support Tectonic staking natively.
And with the Cronos Bridge featurein DeFi Wallet, users can easily transfer their assets from Crypto.org Chain to Cronos. They can then start staking on Tectonic in one click.
No lock-up periods are imposed for staking on Tectonic, granting users maximum flexibility. TONIC withdrawals can be made at any time. All users need to do would be to unstake and wait for a 10-day cooldown period to pass before their tokens are available for withdrawal.
Tectonic is a decentralised, non-custodial, algorithm-based money market protocol built on the Cronos blockchain. The Tectonic protocol aims to provide secure and seamless money market functionalities for cryptocurrencies, enabling multiple use cases for its users. Users can deposit assets to earn passive income or borrow funds to unlock liquidity in their assets. Tectonic’s native token is TONIC, which will function as the platform’s governance token. Staking TONIC helps to secure the protocol and grants more rewards for users.
Cronos is the first Cosmos EVM chain for DeFi, NFTs, and the Metaverse. It aims to massively scale the DeFi and decentralised application (DApp) ecosystem by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains.
Crypto.com DeFi Wallet is a non-custodial wallet that gives users access to a full suite of DeFi services in one place. Users can flexibly store, swap, and earn interest on their tokens.