The main advantage of Tonpound is the ability to borrow money using a wrapped version of Toncoin (TON) as collateral. This feature allows traders to earn passive income from node fees and supply loan interest while maintaining their TON positions. In addition, lenders have the opportunity to borrow other assets offered on the Tonpound marketplace.
Tonpound connects The Open Network and liquidity on the Ethereum blockchain, enabling Toncoin holders to maintain their node staking fees while using TON as collateral to earn passive income or borrow more assets. In addition, lenders have the opportunity to borrow other assets offered on the Tonpound marketplace. The Tonpound Participation Index (TPI) is an ERC-20 token that must be burned to obtain a fully functional gNFT.