Kriptoks

Tarot (TAROT) is a decentralized lending protocol built on the Fantom Opera network. The platform allows users to act as borrowers or lenders in various lending pools. Fantom Opera is a fully decentralized and permissionless blockchain network designed for smart contract integration, scalability, and security.

The lenders of the network have the ability to supply tokens to a Tarot lending pool to earn passive yield, while borrowers can borrow additional tokens by putting liquidity provider (LP) tokens in any lending pool. The platform enables leveraged yield farming, which seeks to result in more lucrative LP rewards. Tarot aims to democratize the lending market by allowing users to lend their cryptocurrencies to numerous borrowers.

According to the website, Tarot Protocol functions as a set of smart contracts to enable non-custodial and permissionless decentralized and leveraged yield farming markets. These smart contracts run in the form of protocols on the blockchain.

Tarot's collateralization model seeks to keep the value of an LP token backed 50-50 by the underlying tokens. The platform ensures that the necessary collateral for borrowing is adequately determined to prevent borrowers from borrowing more than the value of their collateral. At the same time, this collateralization model also determines the needed collateral for a loan. This method of safety margin and liquidation incentive parameters allows for the availability of enough collateral for continuous support to the Tarot ecosystem.

The Tarot ecosystem consists of two primary tokens:

TAROT: The TAROT token is the limited supply governance token of the platform fashioned to provide governance rights to token holders. The governance rights allow token holders to participate in voting on protocol upgrades and changes.

xTAROT: xTAROT is the staked TAROT, designed to authorize protocol governance via Tarot DAO. DAO is a community-driven system without any central authority. Additionally, TAROT holders can take part in protocol governance by staking TAROT in return for xTAROT.

Tarot seeks to bring decentralization to the lending market and provide users with opportunities to earn passive yield. With its unique collateralization model and smart contracts, Tarot aims to provide a safe and secure lending environment to its users. As a part of the Fantom Opera network, Tarot aims to leverage the network's features and benefits to provide its users with a better lending experience.