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Tarot is a lending protocol on Fantom Opera that operates in a decentralized manner. Users have the option to engage as lenders or borrowers in separate lending pools. By supplying tokens to any lending pool in the Tarot Protocol, lenders can earn passive yield without experiencing impermanent loss. On the other hand, borrowers can deposit LP tokens in a lending pool to borrow additional tokens in the token pair. This system empowers borrowers to utilize their LP tokens for increased LP tokens, enabling leveraged yield farming and offering enhanced rewards for liquidity provision.
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What is Tarot Protocol?
Tarot Protocol is a decentralized lending platform built on the Fantom Opera blockchain. It offers users the opportunity to participate as lenders or borrowers in isolated lending pools. Lenders can supply tokens to any lending pool in the Tarot Protocol and earn passive yield without experiencing impermanent loss. On the other hand, borrowers can deposit LP tokens in a lending pool to borrow additional tokens in the token pair. This allows borrowers to utilize their LP tokens for leveraged yield farming and enhanced LP rewards.
Staked TAROT (xTAROT) serves as the gateway for on-chain governance of the Tarot Protocol.
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