Tarot Crypto Platform

Tarot is a multi-chain decentralized lending protocol that operates on Fantom, Optimism, Arbitrum, BNB Chain, and Ethereum blockchain networks. Tarot protocol provides lending pools and users can provide liquidity in the pools and earn passive yield. The Tarot protocol allows users to leverage their yield farmings. Users can deposit their LP tokens and borrow additional tokens to use for lending. The protocol is founded by a person who uses the pseudonym Tigris of Gaul. There is no official detail about the backers and investors.
 
Tarot protocol doesn’t have swap and exchange services. Tarot is a lending protocol that offers yield-generating vaults with automated strategies across multiple lending pools. The protocol is permissionless and anyone can create a lending pool. Smart contracts are non-upgradable and require minimal governance.
 
The protocol has a very basic design website. Anyone with a web wallet can connect to the protocol and deposit funds. The protocol doesn’t require any kind of KYC, AML, or background check. There is no limit on the amount that can be deposited and withdrawn. There is no deposit or withdrawal fee for lending pools.
 
TAROT is the protocol’s utility token and it can be bridged across the chains seamlessly. The maximum supply of TAROT tokens is 100 Million. The Tarot has a different wallet on each chain and funds are sent from the relevant chain’s wallet immediately. More than 50% of the tokens are allocated as farming rewards. By staking TAROT tokens, users can earn governance token xTAROT.
 
Tarot protocol has been audited by a well-known audit company CertiK. CertiK’s audit report can be found on the official documents page. The protocol hasn’t been hacked or exploited. But, notably, the protocol doesn’t have a long history yet. There is a warning on the documents page saying that this is an experimental protocol and you should only risk what you can afford. US residents and OFAC-sanctioned country residents are not allowed to use the protocol.
 

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Pros

$3,909,884 USD currently invested (TVL)

Investments in 1 coin pair available

Operating on Optimism protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Tarot Staking Yields

Tarot Reviews

Tarot Supported Currencies

Tarot supports over 2 currencies including .

Tarot Key Data

Company

Year founded	2021
Decentralised	Yes

Security

Know your customer

No

Useful Links

Tarot Contact Details