Introducing @tenet_org, a layer-1 blockchain solution redefining the landscape of DeFi.
Built using the versatile #CosmosSDK, Tenet brings an innovative approach to blockchain security with Liquid Staking Derivatives (LSDs).
Let's dive in 👇🧵
1/ Leveraging the power of Diversified Proof of Stake (DiPoS), Tenet fortifies its network security while enhancing utility for its native token ($TENET) and the Omni-Chain $tLSD token. The incorporation of #LSDs leads to an improvement over Ethereum's smart contract security.
2/ Tenet's ecosystem offers users a plethora of options, including minting a stablecoin, providing liquidity, or engaging in leveraged trading. It's all governed by #veTenet, ensuring a controlled and efficient ecosystem. Plus, the AI-powered web3 wallet, Eva, further refines UX.
3/ A testament to Tenet's vision, it has ventured into the Asian market via collaborations with @Conflux_Network and @qtum. It's also partnering with @ankr, bolstering its staking infrastructure and facilitating the launching of LSD initiatives across layer-1 blockchains.
4/ Tenet’s integration with @LayerZero_Labs tech takes interoperability to a new level. This enables users to create projects and tokens accessible across various smart contract blockchains, driving the evolution of the DeFi landscape and showcasing the potential of LSDs.
5/ The team at Tenet, led by CEO @0xGBG and COO Dan Peterson, is steering the project's vision. Advisors such as OpenAI fellow Andrew Carr and Camyar Matini from @BlockdaemonHQ bring industry insight and guidance, driving Tenet's strategic growth and development.
6/ One of Tenet's hallmark innovations is the Diversified Proof of Stake (DiPoS) consensus model. This allows for a diverse array of validators staking different assets, reducing the risk of single-asset domination and strengthening network security.
7/ The Tenet Stablecoin Protocol introduces the $LSDC, a USD-pegged stablecoin. The collateral isn't just static; it bears yield and appreciates in value, providing continuous interest to the owner while offering on-demand liquidity via stablecoin minting.
8/ The Eva AI wallet revolutionizes user experience by leveraging AI to simplify on-chain actions. It integrates easy-to-use fiat rails, allowing for seamless interactions between crypto and fiat currencies, making the crypto experience more accessible for all.
9/ The $TENET token is instrumental in facilitating transactions and securing the blockchain. Its strategic distribution provides strong incentives for participation and growth within the ecosystem, driving value for the token.
Excited about what @tenet_org has to offer? Read our full report on Tenet here:
flagship.fyi/outposts/marke…
Have you explored Tenet's solutions already? Share your experiences!
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.