The TonPeg protocol is managed by its DAO using governance NFTs.
DAO members decide the future of the project development and receive
benefits such as protocol earnings or liquidator role.
TonPeg is the first lending protocol that connects liquidity
on The Open Network and Ethereum blockchain. It enables
Toncoin holders to keep their node staking fees and
simultaneously use TON as collateral to earn passive income or
borrow more assets.
How does TonPeg work?
TonPeg utilizes the well-proven model of lending markets,
where users can either supply or borrow a crypto asset.
Suppliers earn passive income from providing liquidity while
borrowers have to pay interest but get access to additional
assets. The greater the demand for an asset is, the higher APR
suppliers and borrowers get (and vice versa).
Which assets and blockchains are supported?
At the launch, TonPeg will support the following markets on
Ethereum network: TON (pTON), WBTC, ETH, USDT, USDC, DAI. The
development to support more assets and blockchains can be
added through community voting.
How is TonPeg governed?
TonPeg will be managed by its DAO using governance NFTs
(gNFT). Depending on the gNFT type, DAO members will receive
certain voting power and various benefits. To obtain a gNFT,
users will have to earn and burn TPI (TonPeg Participation
Index) - an ERC-20 token which will be distributed for active
participation in the TonPeg community.