Tenderize (WAGYU)

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

Whitepaper

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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.