The main advantage of Tonpound is the ability to borrow against a wrapped version of Toncoin (TON) as collateral. This feature allows traders to maintain their TON positions while earning passive income from node fees and lending interest. Additionally, lenders have the opportunity to borrow other assets available on the Tonpound market.
Tonpound connects liquidity between The Open Network and Ethereum blockchains, enabling Toncoin holders to sustain their node staking fees while earning passive income using TON as collateral or borrowing additional assets. Furthermore, lenders have the opportunity to borrow other assets available on the Tonpound market. The Tonpound Participation Index (TPI) is an ERC-20 token that must be burned to obtain a fully functional gNFT.