Tangent Finance

Capital deposited into Curve LP pools, Pendle fixed-yield markets, or DeFi farming strategies keeps earning but it cannot move. It sits locked with no way to put that value to work a second time, even though the position itself is worth real money.

Tangent Finance turns LP positions into borrowing power without closing the farm ⚡

Tangent is a decentralized CDP stablecoin protocol on Ethereum. Users deposit yield-bearing collateral to mint USG, an over-collateralized dollar stablecoin, while keeping the underlying yield strategy active. Convex and Stake DAO run under the hood, routing boosted CRV rewards back to borrowers throughout. Two collateral models determine how borrowing costs work:

• HEC markets — for high-reward collateral like Curve LP tokens. Borrowing is interest-free while USG holds its peg, with 50% of collateral rewards deducted as the implicit loan cost. As USG loses its peg, the deduction scales up to 100%, then a dynamic interest rate applies on top.

• LEC markets — for lower-reward collateral like Pendle PTs. Dynamic interest applies from day one, but 95% of any collateral rewards are returned to the borrower.

Tangent is a community-driven rebuild after the Convergence protocol was exploited in August 2024, sending CVG to near-zero. Over 97% of the DAO voted to pivot to Tangent rather than wind down. The protocol has been audited multiple times by top security firms.

$TAN is the governance and revenue-sharing token with a fixed supply of 10 million. Holders stake TAN for sTAN to earn 10% of protocol earnings in $TAN with no lock-up, or lock for up to 13 weeks for vsTAN to earn 60% of protocol earnings paid in USG plus full governance rights.

🪂 Tangent Finance Airdrop — Earn $TAN Through the Points Program

Tangent allocates 9% of total TAN supply to protocol users through an ongoing points program. Points score continuously and determine each participant’s share of the allocation.

• Unstaked LP positions earn 105 points per day per dollar — maximum TAN accrual.

• Staked LP positions earn 15 points per day per dollar but also generate CRV rewards through Curve, Convex, or Stake DAO.

The higher the points total at snapshot, the larger the potential $TAN airdrop allocation.

Points accrue through borrowing USG against Curve LP or Pendle PT collateral, and through holding LP positions in the USDC/USG and frxUSD/USG Curve pools.

⏳ Pre-deposit bonus — closes May 25, 2026: Deposit USDC or frxUSD now through the pre-deposit campaign to earn a share of an additional 2% of TAN supply, plus a 2x points boost.