TENET (TENET)

Tenet is a DeFi focused EVM Layer-1 bringing liquidity and yield opportunities to LSDs. Tenet allows LSDs to re-stake to its network and be used in Tenet’s DeFi Ecosystem by utilizing a new consensus mechanism called Diversified PoS. This allows LSDs like stEth to participate in validation, making it the most secure blockchain ever created.

Testnet: https://docs.tenet.org/testnet/tenet-testnet

Whitepaper

Important By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Interest lvl

NA

Updated: May 11, 2023

Learn more about our rating

User Rating

Medium

3/5 • 1 votes

Claim your project

Ticker

TENET

Type

Utility-token

Registration year2023

Launchpads

Daomaker

What is TENET

TENET is a Layer-1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields.

We are first to market in building multiple new DeFi primitives, which we believe have the power to revolutionize the DeFi landscape. LSDs are now the largest vertical in DeFi ($18B) and yet no one has figured out how to extract liquidity and utility from them. Tenet solves that. Our core technology focuses on improving the 3 keystones of DeFi:

Security:The most secure blockchain ever created. Diversified PoS verification uses liquid staking derivatives of major networks to participate in validation. This makes TENET harder to break than the combined strength of Ethereum, BNB Chain, MATIC, Polkadot, etc.

Liquidity:Staked positions represented as Liquid LSDs (“LLSDs”) that can then be utilized in our DeFi ecosystem all powered by $veTenet, our voting escrow token, which controls all the reward gauges of block rewards and native apps in our ecosystem.

Simplicity:Tenet’s retail friendly wallet, Eva, designed to onboard retail investors to Tenet DeFi. It will allow users to stake assets, re-stake to tenet, optimize LSDs within our ecosystem, and provide the industry’s first Mobile Wallet AI chat, to help users find DeFi information and interact with pre-approved on-chain actions.

All of this comes together in Tenet’s ecosystem of native and third party apps dedicated to LSDs. Native apps include an LSD stablecoin, LSDC, the first ever stablecoin backed by a basket of decentralized, interest-bearing collateral and secured by omnichain governance; and Metadrome, an LSD AMM for bringing deep liquidity to LSDs on the Tenet network.