At present, an increasing number of buyers wish to discover blockchain expertise and its potential to rework finance. Tempus is right here to fulfill such calls for and supply a brand new solution to method blockchain investments. Blockchain expertise has change into one of many main technological improvements and has acquired a variety of consideration over the previous decade, significantly within the finance trade.
Holding guarantees reminiscent of decreasing fraud and guaranteeing fast and safe transactions and trades, blockchain expertise is remodeling every little thing from funds transactions to how cash is raised available in the market.
As such, we’ve got seen a increase of blockchain-based finance platforms, the purpose of that are to disrupt the standard banking trade.
What Is Tempus?
Tempus was launched in March 2021 by co-founders David Garai and Djordje Mijovic. David beforehand labored as an rate of interest derivatives lawyer for 2 giant legislation corporations in London and Tokyo. Rate of interest derivatives (particularly, rate of interest swaps) are a very powerful by-product product in TradFi, with an impressive notional of round $800 trillion. Djordje was beforehand a part of the Solidity core workforce at Ethereum Basis, the place he targeted totally on backend improvement. Collectively, the pair got down to create a DeFi-native, capital-efficient model of rate of interest swaps. Tempus believes that, as DeFi matures, and hopefully competes with TradFi, there shall be an amazing market alternative to seize.
Tempus’ mission is to supply the world with a easy and trustless solution to attain predictable fastened yields. Tempus believes that DeFi customers ought to have the ability to take away rate of interest volatility from their portfolios or permit extra superior DeFi customers to extend publicity to rate of interest volatility if desired.
Up to now, the protocol has efficiently raised over $30 million by funding rounds with the participation of among the main buyers within the crypto house reminiscent of Lemniscap, Leap Capital, Distributed World, GSR, Wintermute, and Tomahawk.
Presently, Tempus may be discovered primarily on Twitter, Discord, Telegram, and Medium.
How Does Tempus Work?
Most types of yield farming return a variable fee of yield which means customers may be topic to unpredictable fluctuations of their returns when depositing their property.
At current, there isn’t a simple capital-efficient solution to receive a hard and fast yield or in any other case speculate on yields. That is the place Tempus steps in.
The protocol provides three completely different use circumstances, every of which has a novel worth proposition.
Tempus fixes your future yield utilizing any supported Yield Bearing Token reminiscent of stETH, aUSDC and yvDai. Customers can lock in a hard and fast fee with chosen maturity dates. This eliminates the necessity to fear about falling rates of interest and returns on property.
Customers may speculate on the speed of future yield of any supported Yield Bearing Token.
Lastly, Tempus customers can present liquidity to earn buying and selling charges on prime of the prevailing variable yield on the Yield Bearing Token.
The present swimming pools on Tempus provide short-term maturity contracts.
Nevertheless, longer-term contracts, quasi-perpetual swimming pools, and leveraged fixed-term contracts on Tempus are options that shall be accessible because the protocol grows.
Tempus presently operates on Ethereum and Fantom, and in the end goals to change into the market-leading fastened earnings protocol throughout all main blockchains.
The excessive gasoline charges related to transacting on L1 Ethereum are pricing out a good portion of DeFi customers. Many of those customers have migrated over to different chains consequently, one in every of which is Fantom.
Fantom has seen explosive progress in quantity and complete worth locked (TVL). The rates of interest accessible on Fantom are additionally considerably greater at current.
Tempus subsequently launched on Fantom on Monday 21 February 2022. The looks of Tempus on Fantom brings fastened yield to Fantom for the primary time. Yearn is the primary Fantom integration and the mixing will permit Tempus to convey fastened yields of over 10% APR to customers.
The next swimming pools are presently accessible on Tempus:
- stETH ~ 3-month time period (Maturity Date: 31 March 2022)
- stETH ~ 9-month time period (Maturity Date: 30 August 2022)
- USDC ~ 6-month time period (Maturity Date: 26 August 2022)
- DAI ~ 4-month time period (Maturity Date: 24 June 2022)
- USDT ~ 5-month time period (Maturity Date: 29 July 2022)
- YFI ~ 3-month time period (Maturity Date: 27 Might 2022)
Why Tempus Works
The DeFi lending and borrowing markets have usually thus far solely been in a position to provide variable charges based mostly on present market circumstances and numerous different components, and providing a hard and fast fee on DeFi has been a problem.
The present protocols which have tried to do that are both providing very low to negligible charges or by Liquidity Mining rewards.
Taking inspiration from the bond markets in conventional monetary markets, Tempus has designed and constructed a protocol that enables customers to repair their yields or leverage them after they anticipate rates of interest to fall or rise.
That is additionally one of many main variations from different opponents available in the market.
Whereas different opponents reminiscent of Ingredient and Pendle have completely different AMMs together with liquidity swimming pools for Capital, Yield tokens, and stablecoins, Tempus has a single easy and capital-efficient customized AMM for Capitals and Yields.
This not solely simplifies customers’ expertise and will increase the yield accessible on the platform, but in addition permits this to be performed in a capital-efficient method.
Tempus is specializing in retail customers, institutional buyers, staking companies, DAOs holding vital treasury property, TradFi companies providing fastened earnings on crypto portfolios, and present and new custodians for cryptocurrencies.
For B2B, Tempus provides fastened earnings for crypto holders, in the meantime B2C it provides fastened earnings to risk-averse buyers, greater rates of interest for a similar cryptocurrency as in comparison with the rate of interest supplied by the underlying yield aggregating platform, and leveraged yields for degens with funding methods.
Tempus advantages from a easy person interface and expertise in addition to a mature crypto neighborhood on Discord and Twitter.
How you can Get Began on Tempus?
The method to get began on Tempus is sort of easy:
Step 1: Go to app.tempus.finance – this may take you to the dashboard the place it is possible for you to to handle your yield-bearing tokens and/or underlying property. You can even change the language of the app by clicking on the ‘Settings’ button.
Step 2: Choose the pool wherein you want to deposit your yield-bearing tokens or underlying property from the swimming pools accessible on the dashboard. The completely different swimming pools accessible on the dashboard present numerous metrics, together with protocol, maturity, fastened APR, LP APR, TVL, stability, and the accessible to deposit, which exhibits the overall quantity of the asset that may be deposited within the pool.
Step 3: Clicking on the ‘Handle’ button will take you to the deposit window for Primary customers. This characteristic lets you repair your future yield or present liquidity to the pool to earn extra yield. Customers may also get all the knowledge related to the pool together with the time period of the pool, the TVL, the ratio wherein the Capital to Yield tokens may be deposited within the liquidity pool, the 7-day quantity of the pool, and extra.
Step 4: Choose what pool you want to deposit into.
Step 5: By clicking on the ‘Repair Your Future Yield’ button, you possibly can repair your future yield. This button lets you deposit your yield-bearing tokens to mint an equal variety of Capitals and Yields, which might then be traded on Tempus’ customized AMM.
Nice Instruments for Blockchain Finance from Tempus
With the current increase of blockchain-based finance platforms, Tempus goals to change into one of many market-leading platforms for customers who wish to discover this technological innovation within the finance trade with a purpose to make an earnings.
Given the volatility of crypto markets and fluctuates continually, fastened charges are a secure guess to assist hedge in opposition to the chance of rate of interest fluctuations.
Tempus provides DeFi-native rate of interest swaps for a similar cryptocurrency, a hard and fast earnings providing to risk-averse buyers, and leveraged yields for degens with funding methods.
To be taught extra about Tempus- simply click on proper right here!
