TenX TENX

1. Summary

Ranks

Liquidity

-

Developer

-

Social

19

Momentum (beta)

0

Stack Rank™

-

Price

$0.000000000000 0.0%

Market Cap

$ (#29851)

Supply

/ 64.04M

Tags

Tenet Ecosystem

More Metrics

Price
All Time High (ATH) Date	1st Dec 2024 (2 months ago)
All Time Low (ATL) Date	1st Dec 2024 (2 months ago)

Supply & Trading Volume
Total Supply	64.04M
Max Supply	500.00M

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Description

Tenet is a DeFi-focused EVM Layer-1 blockchain designed to bring liquidity and yield opportunities to Liquid Staking Derivatives (LSDs). It allows users to re-stake their LSDs to its network and participate in validation, ensuring a secure and decentralized ecosystem. Tenet utilizes a unique consensus mechanism called Diversified PoS, which enables...

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Tenet is a DeFi-focused EVM Layer-1 blockchain designed to bring liquidity and yield opportunities to Liquid Staking Derivatives (LSDs). It allows users to re-stake their LSDs to its network and participate in validation, ensuring a secure and decentralized ecosystem. Tenet utilizes a unique consensus mechanism called Diversified PoS, which enables users to stake LSDs from other networks, fostering a highly secure blockchain by leveraging the combined security of multiple chains.

Key Features

• Diversified PoS Consensus: Allows users to stake LSDs from other networks, enhancing the security of the blockchain.
• Liquidity and Yield Opportunities: Provides users with staking and validation opportunities, offering yields through LSDs.
• Restaking LSDs: Users can restake their LSDs to the Tenet network, enhancing the security and decentralization of the network.
• Meta LSDs: Enables the creation of diversified, yield-bearing Meta LSDs that mitigate validator risk and optimize capital utilization.
• Tenet Bridge: Offers seamless interoperability between different blockchains, enhancing DeFi applications and transfers through Layer Zero technology.
• Community Governance: Users participate in voting through a vote-escrow mechanism, ensuring fair and transparent rewards distribution.

Token Usage

• Gas Token: The TENET token is used for transactions and smart contract operations on the network.
• Staking and Validation: TENET tokens are necessary for staking and validation, securing the network and providing yield opportunities.
• Governance: Users participate in governance through the vote-escrow mechanism, influencing rewards distribution and network development.

Additional Functionality

• Tenet DEX: Enables efficient trading with deep liquidity between Meta LSDs and their underlying counterparts.
• Stablecoin Management: The protocol supports stablecoin management, ensuring the stability of cognitive collateral.
• Integrations and Wallets: Tenet has various integrations, including the Eva Wallet, which leverages DeFiGPT for AI-powered features.

Tenet is specifically designed to elevate both the security and functionality of decentralized applications (dApps) and create a more robust DeFi ecosystem with its innovative features.

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