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Tenderize (WAGYU)

Last updated: Jan 08, 2024

Tenderize v2 is a new class of liquid staking protocol that delivers liquidity for staked assets without centralizing of the underlying validator set.

Seed Round: $3M

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Overview

Project industry	Other
Product type	Protocol
Founded	United Kingdom
Whitepaper	Open

What is Tenderize

Tenderize is a protocol that allows users to collateralize loans and trade tokens while maintaining a position of staked assets. Through this increased flexibility, the company believes that it can unlock the full utility potential of staked assets with the end goal of enabling permissionless liquid staking, an emerging form of staking that seeks to unlock the value of staked tokens.

Currently, the Tenderize team is working on integrations with wallets, analytics platforms, custodial staking partners and exchanges. It says that users can already access liquid staking options for LPT, GRT, AUDIO and MATIC tokens.

The native token of Tenderize, WAGYU, is a utility and governance token. $WAGYU is backed by the protocol’s treasury, which captures revenue from various sources within the protocol.

Details

Token supply: 100,000,000 WAGYU

Legal

Blockchain Platform: Ethereum
Registration country: United Kingdom
Registration year: 2023

Token info

Ticker: WAGYU
Type: Utility-token
Token standard: ERC-20
Token price in USD: 1 WAGYU = 0,1 USD
Token distribution:
Genesis Grants - 3%
Early Backers - 20%
Current & Future Team - 17.5%
DAO Treasury - 12.5%
Misc. Community Incentives - 12%
Staking incentives - 11%
Tenderize Labs - 10%
Public Sale / Liquidity Bootstrapping - 5%
TenderSwap Bonding - 5%
Public Airdrop - 4%