Tranquil Finance is an algorithmic money market and liquid staking protocol on the Harmony ONE blockchain.
The money market 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.
Another feature in Tranquil Finance is our liquid staking token, stONE, which allows the user to stake ONE for rewards while also being able to use it in Harmony's DeFi ecosystem, such as using it as collateral on Tranquil Lending. We envision stONE becoming the currency of choice in Harmony, as ONE naturally loses value due to inflation if it is not staked.
TRANQ Price Live Data
The live Tranquil Finance price today is $0,367503 USD with a 24-hour trading volume of $67,75 USD. We update our TRANQ to USD price in real-time. Tranquil Finance is down ,47% in the last 24 hours. The current CoinMarketCap ranking is #7928, with a live market cap of not available. The circulating supply is not available and a max. supply of 1 000 000 000 TRANQ coins.
What Is Tranquil Finance (TRANQ)?
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.
Introducing stONE -- the first liquid staking token for Harmony ONE
December 19, 2021
Our radically ambitious roadmap for 2022 -- Taking Tranquil Finance into a DeFi metaverse game world
January 5, 2022
Tranquil Finance Upgrades to Chainlink Price Feeds to Help Secure Its Lending and Borrowing Protocol
December 23, 2021