Mahe, Seychelles, May 3rd, 2023, Chainwire
Former executives from Ankr and Blockdaemon have joined their expertise to create Tenet, the first Layer 1 blockchain built to create a hub for Liquid Staking Derivatives (LSDs). Tenet is emerging from stealth mode and unveiling its Testnet today, enabling developers to interact and experiment with the platform.
Tenet is an EVM-compatible L1 protocol, designed to bring additional liquidity and yield opportunities to LSDs by allowing users to re-stake their assets on Tenet’s network and participate in Tenet’s DeFi ecosystem. Unlike other Cosmos chains that rely on their own native token for Proof of Stake security, Tenet validators can make use of a unique mechanism called Diversified Proof of Stake (DiPoS).
In a nutshell, DiPoS allows validating the Tenet network by re-staking the LSDs from other L1 ecosystems supported by Tenet, such as ETH, BNB, ATOM, SOL and Matic. This ensures the long-term security of the Tenet chain by leveraging the j
We współpracy z: https://cryptodaily.co.uk/2023/05/ex-ankr-and-blockdaemon-execs-launch-tenet-a-layer-1-ecosystem-to-maximize-lsd-utility
