Background: Tetu positioned itself as Web3 assets management protocol built on Polygon. It utilises automated yield farming strategies to provide investors with a high and stable yield. The way they do it is through automated yield aggregation and distribution through xTETU.

What makes it stand out:: It offers multiple DeFi strategies. From simple Yield farming, folding, to utilising multiple strategies. It does the job of ordinary yield aggregator like Beefy, all the vaults in Tetu autocompounds the yield, at the same time using a strategy to utilise certain percentage of the profit from yield farming to buy back Tetu, and certain percentage as xTetu for claimable rewards.

The following graph better explained how the protocol utilise certain percentage of the profit to Tetu, xTetu, and protocol liquidity.

Tetu, xTetu, and dxTetu: -Tetu's supply has a maximum limit of 1 Billion TETU tokens which are planned to be minted over 4 years, getting the full Supply in August 2025.

-No Pre-Sale and No VC. All TETU distributions were made through Yield Farming since launch on 3rd of August 2021.

xTetu: token representing Tetu deposited in the profit sharing vault. This is the interest bearing token that increase in value as the Tetu protocol generate profit.

dxTetu: governance token. You need to deposit xTetu into this diamond vault to obtain dxTetu for participating in governance and enjoy extra yield.

The Tetu team:

• Core team with past experience with building back-end international banking systems and development with leading global payment processing infrastructure
• Experience in leading community development for Harvest Finance -bring together code from Synthetix and Yearn to create a completely new solution for yield aggregation and created Tetu

Things you can do to participate in Tetu protocol:

• earning yield through xTETU -providing liquidity to Tetu -Yield Farming -Liquidstaking -participating in governance -TetuSwap (Tetu's decentralized exchange)
• standard vaults and auto compound vaults. -The yield management platform offers more advanced yield farming strategies such as folding strategies based on lending protocols

Safety: -Tetu has 3 audits, one performed by DefiYield ,PeckShield, and Certik. -Critical contract actions are protected by 3/4 MultiSig. The team is doxxed.

So what’s the yield we talking about?

• When you rank according to highest TVL two vaults stand out now, the stMatic-wMatic BPT vault offering 8.75% APY
• Another interesting vault will be 80Bal - 20wEth tetuBAL vault with APY>200%

Bottom line:

• An interesting DeFI protocol on Polygon with an unique twist. The increasing TVL over Tetu may give you the extra confidence in investing some crypto over their protocol. The team is solid and has been continuing building for the past 1.5 year and constantly provide investors with new strategies to obtain high yields.
• Definitely a protocol to keep an eye on for 2023.