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Home Platforms Tokemak
Tokemak reviews
Reviewed by Yunis
9 October 2022 (Updated 19 July 2024)

Tokemak Crypto Platform

Tokemak is an innovative DeFi protocol that aims to revolutionize the way liquidity is provided in the decentralized finance ecosystem which was formerly known as FRACTAL. The platform, which refers to itself as a decentralized market maker and a liquidity router, aims to address the challenges of fragmented, unpredictable, and expensive liquidity sources, which are common pain points in the DeFi space. Tokemak was founded by Carson Cook and the project has very important names among its team and supporters. Tokemak has raised more than $4 million in fundraisings and well-known crypto Framework Ventures was among the investors along with Coinbase Ventures, Delphi Capital, and ConsenSys.

Tokemak platform is built on the Ethereum blockchain, One of the core strengths of Tokemak is its unique approach to liquidity provision. By operating a layer above decentralized exchanges, it offers greater control over where liquidity flows, effectively turning liquidity provision into a more efficient and cheaper process. This is a significant advancement that could make DeFi much more accessible and profitable for a wider range of users.

Tokemak’s website and web app don’t have the most user-friendly interface. The protocol is meant to perform as a b2b protocol because it provides service for other crypto finance projects. As a b2b project, the Tokemak web app requires little more than basic knowledge about crypto. The web app supports popular web wallet choices such as Metamask, WalletConnect, and Coinbase Wallet. Tokemak's web application plays a central role in enabling users to interact with the platform, providing interfaces for both Liquidity Providers and Liquidity Directors.

In terms of mission, Tokemak has its sights set on a broad and ambitious goal: to become the liquidity bandwidth for the tokenized future of web3, gaming, and the metaverse. Given the current trajectory of these sectors, this is a strategic and potentially lucrative positioning that could see Tokemak playing a central role in the evolution of the digital economy.

A central component of the Tokemak protocol is its "Cycles." This functionality allows for a more stable and healthy system by enabling assets to be deposited, withdrawn, and rewarded in a predictable, weekly cycle. This creates a more predictable and stable environment for liquidity providers and reduces the risks associated with abrupt market fluctuations.

Another key feature of Tokemak is the distinction between Liquidity Providers (LPs) and Liquidity Directors (LDs). LPs deposit single-asset stakes into specific reactors to contribute to the inventory that will be deployed as liquidity. LDs, on the other hand, stake their TOKE tokens to direct the inventory of a specific asset as liquidity to a preferred exchange. This separation of roles allows for more strategic liquidity deployment and could offer more opportunities for earning yield.

As for the platform's security, We didn’t find any information about any hacks or exploits in Tokemak's history. However, it's always essential for DeFi users to conduct their own due diligence and review any available audit reports, which should ideally be conducted by reputable blockchain security firms and made publicly available on the project's website or documentation. Tokemak has been audited by different companies and the reports are shared on the website.

When we compare crypto platforms, we value transparency. While many DeFi projects are open-source to ensure transparency and foster community development, We don’t have specific information on whether Tokemak's platform is open-source.

In conclusion, Tokemak presents an innovative approach to DeFi liquidity provision and market making. Its mission to become the liquidity backbone for the evolving tokenized sectors of web3, gaming, and the metaverse aligns it with the trajectory of the digital economy. The unique functionalities it offers, such as Cycles and the separation of roles between Liquidity Providers and Liquidity Directors, position it as a potentially game-changing player in the DeFi space. However, as with any project in the rapidly evolving blockchain sector, prospective users should conduct thorough research and due diligence, particularly regarding security and platform openness, before getting involved.

Pros

tick No hack or exploit in history
tick $20,912,049 USD currently invested (TVL)
tick Investments in 12 coin pairs available
tick Operating on Ethereum protocol

Cons

cross Not too user-friendly web app
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

Tokemak Savings Accounts

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  Yield Tokens Term Yield Yield Trend
3.42%
TOKE 3.42% APY
Instant Access
3.42%
TOKE 3.42% APY
2.61%
TOKE 2.61% APY
Instant Access
2.61%
TOKE 2.61% APY
1.96%
TOKE 1.96% APY
Instant Access
1.96%
TOKE 1.96% APY
1.9%
TOKE 1.9% APY
Instant Access
1.9%
TOKE 1.9% APY
1.27%
TOKE 1.27% APY
Instant Access
1.27%
TOKE 1.27% APY
1.26%
TOKE 1.26% APY
Instant Access
1.26%
TOKE 1.26% APY
1.24%
TOKE 1.24% APY
Instant Access
1.24%
TOKE 1.24% APY
0.35%
TOKE 0.35% APY
Instant Access
0.35%
TOKE 0.35% APY
0.29%
TOKE 0.29% APY
Instant Access
0.29%
TOKE 0.29% APY
0.26%
TOKE 0.26% APY
Instant Access
0.26%
TOKE 0.26% APY
0.23%
TOKE 0.23% APY
Instant Access
0.23%
TOKE 0.23% APY
0.17%
TOKE 0.17% APY
Instant Access
0.17%
TOKE 0.17% APY
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Tokemak Key Data

Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange cross No
Margin trading cross No
Crypto withdrawals to private wallet tick Yes
Futures exchange cross No
Chain agnostic cross No
Security
Credit check cross No
Support
24/7 support cross No
Investment Strategy
Liquidity pools tick Yes
Unsecured loans cross No

Useful Links

Tokemak Contact Details

https://www.tokemak.xyz/

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