Introducing Tranquil Finance

Overview

Tranquil Finance is an algorithmic money market protocol on the Harmony ONE blockchain. It allows users to supply and borrow assets, while receiving or paying interest in a completely permissionless and decentralized way. Borrowing and lending interest is set based on market demand, and loans are over-collateralized to ensure solvency.

This model was pioneered by the Compound protocol on Ethereum, but high gas fees have made the protocol untenable for most users. Building on Harmony ONE gives the Tranquil protocol fast and cheap transactions, democratizing access to everyone.

Tranquil is similar to protocols, such Compound, AAVE, Venus or Benqi that exist on other blockchains. Harmony currently lacks such a money market protocol, which is a critical component of DeFi ecosystem on every blockchain.

Although our journey has just started, we hope to build the best money market primitive on Harmony ONE, and help grow alongside the Harmony ecosystem.

Roadmap

The Tranquil Finance app currently live on the testnet, where you can get a sneak-peek of what’s to come.

Our next immediately step is to properly launch the TRANQ token, which is the governance token of the Tranquil protocol.

As you can see by the testnet app, we are quite far along in development, and our current plan is to launch on the mainnet by the end of October, so stay tuned!

Community Support

Despite just launched today, we are extremely excited and a bit overwhelmed to see a large community organically growing on our Discord channel.

Thank you for all your support! We are tremendously grateful for already having such a passionate and dedicated community along with us for this amazing journey.

--

--

--

Algorithmic Money Market Protocol for Harmony ONE

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Donate Cryptocurrency to Non-Profits by Browsing the Web

Bitcoin value prediction

TheCryptoWall — Why is it so long ?

What to know about CharterSWAP Block Mining

Application for Steem Representative of Malaysia

Digital Euro — pros and cons

Say hello to a more profitable day with leopard gamers nft

Cyber City Welcomes Synapse Network as one of its Major Investors

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tranquil Finance

Tranquil Finance

Algorithmic Money Market Protocol for Harmony ONE

More from Medium

DFK Weekly AMA TLDR 24 JAN 2022

DeFiKingdoms Development AMA

Introducing stONE — the first liquid staking token for Harmony ONE

DeFi Kingdoms for Commoners #4: Harmony Network