Tarot

What is Tarot and how Does It Work?

Tarot operates as a decentralized lending framework on the Fantom Opera network. It allows traders to act in the capacities of both lenders and borrowers within specific lending pools. In addition to participating in lending activities, users can easily purchase and retain Token. Retaining these Token also indicates your participation in yield farming and bolstering liquidity through backing for the lending pools. Tarot's lending pools function independently and without constraints, leveraging inherent price oracles and collateralization structures.

The Vision and Mission Behind Tarot

The Tower system implemented by Tarot serves to captivate liquidity suppliers and reduce unnecessary reward emissions. Through this system, specific rewards in the form of bTAROT tokens are easily directed to suitable lending pools. While liquidity incentives for LP tokens may be available in the future, Tarot's initial focus is on Optimism. Recognizing the challenges associated with the existing TAROT token on Multichain, Tarot is considering a potential token migration. This suggests suppliers of lending pools with aging TAROT pairs to switch to the revised TAROT token. The migration process is expected to start on July 30, 2023, and conclude 30 days later. Tarot is developing the new TAROT token on the LayerZero Omnichain Fungible Token (OFT) framework, which would enable the token to transition to other chains. Depositors in the Tower pool may receive ARB tokens or USDC for their bTAROT deposits, depending on the deposit type. Tarot plans to expand its protocol on Optimism by engaging with more DEXs and protocols. The token migration process is crucial due to the cessation of the Multichain bridge service for existing user transitions. Tarot is developing a new omnichain architecture to overcome this issue. LP token holders in current TAROT-based pairs will need to withdraw their LP tokens and transition to the new TAROT token. Following the migration, Tarot DAO is likely to propose a revised xTAROT staking governance program and introduce new lending pools. The goal is to restart the Multichain bridge service without impacting the new TAROT token.

How to Buy and Store Tarot?

To purchase Tarot, Flooz.xyz offers a streamlined process. Traders can purchase the Tarot via Flooz.xyz, a one-stop solution that provides a smooth checkout without the need to own a wallet. Tap tap and go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless Tarot transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. This also ensures that you have access to your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your Tarot trades.

Tarot Metrics:

• Current price: $0.0130

• Market cap: $14.23 k

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $0