TENET is a Layer-1 Ecosystem designed for Liquid Staking Derivatives (LSDs). It focuses on unlocking liquidity and enhancing yield opportunities through a Diversified Proof of Stake (DiPoS) system, which ensures secure consensus and yield optimization.
TENET operates using the Cosmos SDK, enabling full EVM compatibility. Its network security is enhanced by the DiPoS mechanism, which allows validators to stake a variety of assets, including LSDs from multiple networks. This diversification improves security and yield opportunities for users.
TENET supports cross-chain interactions within the Cosmos ecosystem, enabling complex DeFi applications. It offers a dual-income model for yield, integrating LSDs for increased security and efficiency in blockchain operations. TENET also fosters community governance through its DAO, allowing token holders to participate in platform decisions.
Founded by a team including notable advisors like Andrew Carr and Camyar Matini, TENET recently executed a token raise and planned a Q3 2023 mainnet launch alongside a suite of applications. Noteworthy developments include its integration with LayerZero for omni-chain LSDs and strategic partnerships to expand its LSD initiatives across various networks.