Loading...
TENET is a Layer-1 Ecosystem built for LSDs, aiming to release liquidity and increase yields in a secure way.
LSDs have become the biggest vertical in DeFi ($18B), but until now there has been no clear method to turn their liquidity and usefulness into something actionable. Tenet is designed to solve this. Its main technology targets the three core building blocks of DeFi:
Security:The network uses diversified PoS verification, where liquid staking derivatives from leading networks take part in validation. This approach is meant to make TENET more difficult to compromise than the combined security of Ethereum, BNB Chain, MATIC, Polkadot, etc.Liquidity:Staked positions are represented as Liquid LSDs (“LLSDs”), which can then be used across the DeFi ecosystem. All of this is supported by $veTenet, the voting escrow token that governs reward gauges for block rewards and native apps in the ecosystem.Simplicity:Tenet offers Eva, a retail-focused wallet built to bring retail investors into Tenet DeFi. It is intended to let users stake assets, re-stake to tenet, fine-tune LSDs within the ecosystem, and includes what the team describes as the industry’s first Mobile Wallet AI chat. This chat is meant to help users discover DeFi information and carry out pre-approved on-chain actions.Together, these components support Tenet’s ecosystem of native and third-party apps focused on LSDs. Native offerings include an LSD stablecoin, LSDC, described as the first stablecoin backed by a basket of decentralized, interest-bearing collateral and secured by omnichain governance; and Metadrome, an LSD AMM built to deliver deep liquidity to LSDs on the Tenet network.
| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
|---|