Tranquil Finance — a DeFi application for the Harmony blockchain. It is the first DeFi protocol, developed as part of the Defira metaverse, adding a GameFi layer to Tranquil DeFi features. The protocol supports three main DeFi primitives: DEX, lending and liquid staking.
Tranquil Swap — Uniswap's latest permanent DEX product primitive, allowing users to trade tokens without permission.
Interest on loans and credits is set, based on market demand, and loans are over-collateralized to ensure solvency. Smart contracts are forked from Compound and the main controller and market contracts are verified by CertiK. A liquid stONE token that allows the user to stake ONE to earn rewards and can also be used in the Harmony DeFi ecosystem, for example as collateral in Tranquil Lending.
Other features:
| 1 | 75% of all protocol fees are distributed to TRANQ holders via fixed staking. |
| 2 | Additionally, TRANQ - Tranquil Finance's governance token, so it will become a voting tool once the protocol is at a more advanced stage. |
TRANQ will have additional utility as a game resource at the Defira game level. TRANQ can be used to perform in-game actions. Each deposit has its own 6 month timer so a new deposit does not reset the lock time of previously deposited funds.
The goal of xTRANQ - to spread the supply of TRANQ smoothly over time, preventing huge numbers of tokens from being brought to market at the same time. xTRANQ staking rewards will progressively provide stakers with a steady supply of TRANQ in addition to their redeemable TRANQ post-lockup.