TENET is a Layer-1 DeFi ecosystem focused on Liquidity-Sensitive Assets (LSDs), aiming to enhance security through diversified PoS verification. More
| Fully Diluted Valuation | $118,518 |
|---|---|
| 24H Trading Volume | $18,680 |
| 24H Low / High | $0.00009809 / $ 0.00009891999999999999 |
| Circulating Supply | 421.35M |
| Total Supply | 1.20B |
| Max Supply | 1.20B |
| Categories | Restaking 3 more |
|---|---|
| Founder | Greg Gopman |
| Website | tenet.org |
| Socials | 1 more |
| Chains | Ethereum Ecosystem |
| Explorer | Etherscan 3 more |
| Contracts |
0x788....d7f2a
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| Name | Pair | OG Score |
|---|
In the realm of decentralized finance (DeFi), TENET emerges as a Layer-1 Ecosystem exclusively tailored for Liquidity-Sensitive Assets (LSDs). With an $18 billion market share, LSDs represent a substantial vertical in DeFi, and TENET aims to address the challenge of extracting liquidity and utility from these assets. Let's explore the key features and components of TENET objectively.
Security Reinvented:
TENET positions itself as the most secure blockchain to date. Implementing a diversified Proof-of-Stake (PoS) verification system, the platform utilizes liquid staking derivatives from major networks for validation. This approach is designed to enhance security, surpassing the combined strength of well-established platforms like Ethereum, BNB Chain, MATIC, and Polkadot.
Liquidity Enhancement through Liquid LSDs:
Staked positions on TENET are represented as Liquid LSDs (LLSDs), a unique feature designed to amplify liquidity within the DeFi ecosystem. These assets can be leveraged across various applications powered by $veTenet, the platform's voting escrow token. $veTenet plays a crucial role by controlling all reward gauges of block rewards and native apps within the ecosystem.
User-Friendly Interface with Eva Wallet:
TENET addresses the challenge of DeFi complexity with its retail-friendly wallet, Eva. Targeting mainstream adoption, Eva enables users to stake assets, optimize LSDs within the ecosystem, and features the industry's first Mobile Wallet AI chat. This chat functionality assists users in navigating DeFi information and interacting with pre-approved on-chain actions.
Native Apps Driving Ecosystem Growth:
TENET's ecosystem includes native and third-party apps dedicated to LSDs. Notable among these is LSDC, the first stablecoin backed by a basket of decentralized, interest-bearing collateral. Metadrome, an LSD Automated Market Maker (AMM), contributes to the ecosystem by providing deep liquidity to LSDs on the TENET network.
In summary, TENET positions itself as a transformative force in the DeFi landscape, addressing the liquidity challenges associated with LSDs. Through a focus on security, liquidity amplification, and user-friendly interfaces, TENET aims to carve out a distinct space in the evolving world of decentralized finance. As the platform continues to evolve and introduce new DeFi primitives, its impact on the industry remains a key point of observation.
TENET distinguishes itself by being a Layer-1 Ecosystem dedicated to Liquidity-Sensitive Assets (LSDs), offering enhanced security through diversified PoS verification, amplifying liquidity with Liquid LSDs, and providing a user-friendly retail wallet, Eva, to simplify DeFi interactions.
Founder of this project is anonymous.
You can buy TENET (TENET) on Gate.io, HTX cryptocurrency exchanges.
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