In an era where decentralized finance (DeFi) is rapidly evolving, TENET stands at the forefront, pioneering a new wave of innovation. As a Layer-1 Ecosystem dedicated to unlocking liquidity and enhancing yields through Liquid Staking Derivatives (LSDs), TENET aims to revolutionize the DeFi landscape. Imagine a world where security is paramount, liquidity is optimized, and simplicity is seamlessly integrated for retail investors. TENET not only promises but also delivers a robust DeFi ecosystem poised to transform how liquidity is utilized and optimized. Dive in to discover how TENET’s groundbreaking solutions, like the Eva AI wallet and the decentralized LSD stablecoin, LSDC, are paving the way for a more efficient and secure DeFi future.
What is TENET?
TENET is a Layer-1 Ecosystem for Liquid Staking Derivatives (LSDs), dedicated to unlocking liquidity and safely increasing yields. As the first to market in building multiple new DeFi primitives, TENET has the potential to revolutionize the DeFi landscape. LSDs are now the largest vertical in DeFi, valued at $18 billion, yet no one has figured out how to extract liquidity and utility from them—until now. TENET solves this problem by focusing on three key aspects of DeFi: Security, Liquidity, and Simplicity.
Security
TENET boasts the most secure blockchain ever created. Its diversified Proof of Stake (PoS) verification uses liquid staking derivatives of major networks to participate in validation. This makes TENET harder to break than the combined strength of Ethereum, BNB Chain, MATIC, Polkadot, and others.
Liquidity
Staked positions are represented as Liquid LSDs (LLSDs) that can be utilized within TENET's DeFi ecosystem. This ecosystem is powered by $veTenet, a voting escrow token that controls all the reward gauges of block rewards and native apps.
Simplicity
TENET’s retail-friendly wallet, Eva, is designed to onboard retail investors to the TENET DeFi ecosystem. It allows users to stake assets, re-stake to TENET, optimize LSDs within the ecosystem, and provides the industry’s first Mobile Wallet AI chat to help users find DeFi information and interact with pre-approved on-chain actions.
TENET's Ecosystem
TENET’s ecosystem includes both native and third-party apps dedicated to LSDs. Native apps include an LSD stablecoin, LSDC, which is the first stablecoin backed by a basket of decentralized, interest-bearing collateral and secured by omnichain governance. Another native app is Metadrome, an LSD Automated Market Maker (AMM) that brings deep liquidity to LSDs on the TENET network.
Tokenomics and Market Data
Current Market Data
- Current Price: $0.1365
- Market Cap: $0.00
- 24h Price Change: 0.28%
- 7d Price Change: -14.60%
- 30d Price Change: 53.56%
- 24h High: $0.1425
- 24h Low: $0.1344
- All-Time High: $0.2767 (2023-05-29)
- All-Time Low: $0.0100 (2023-05-23)
- Circulating Supply: 0.00
- Total Supply: 1,200,000,000.00
Tokenomics
The TENET crypto token is the native utility token for the TENET blockchain, serving as a gas token to pay for transactions and smart contract operations. It is also used within the TENET product ecosystem, including the Eva AI wallet, where users can access discounted transactions and participate in LSDC stability pool staking opportunities.
Distribution Model
- Block Rewards: 30%
- Liquidity & Market Making: 20%
- Grants & Ecosystem Development: 10%
- Team: 10%
- Marketing, Acquisitions, and Partnerships: 8%
- Public Sale (IDO on DAO Maker): 6.50%
- Advisors & Partnerships: 6%
- Reserve: 6%
- Key Opinion Leaders: 3.5%
Vesting Periods and Lock-Ups
The token distribution includes unlock and vesting schedules for tokens held by various parties to control inflation and ensure long-term commitment to the project.
The Team Behind TENET
Core Team Members
- Greg Gopman: CEO of TENET, co-founder of AngelHack and Akash Network, prominent speaker and writer on blockchain and technology topics.
- Nick White: Co-Founder and COO of TENET, former trader at Goldman Sachs, software engineer at Amazon, and co-founder of the Cosmos Network.
- Zaki Manian: Co-Founder and CTO of TENET, researcher at Stanford University, software engineer at Google, and founder of Iqlusion.
- Jae Kwon: Co-Founder and Advisor of TENET, founder and former CEO of the Cosmos Network.
- Ethan Buchman: Co-Founder and Advisor of TENET, founder and former CTO of the Cosmos Network.
Notable Advisors and Partners
- Andrew Carr: OpenAI fellow
- Camyar Matini: Director of Growth Strategy at Blockdaemon
- Key Partnerships: Collaborations with Conflux, Qtum, and Ankr
Unique Features and Benefits
tTenet and veTenet
TENET has unique forms called tTenet and veTenet. tTenet is a receipt that users receive when they stake their TENET tokens, showing that they are earning rewards. veTenet is like a VIP pass that users get when they lock their tTenet for a long period, offering special rights like voting on reward distribution and extra rewards.
veTokenomic Model
TENET's veTokenomic model incentivizes participation in the TENET DeFi ecosystem and its governance, promoting an inclusive and diverse DeFi environment.
Eva AI Wallet
The Eva wallet is a Web3 wallet that leverages DeFiGPT to power a range of AI features, such as an up-to-date crypto market chatbot. It is designed to make interaction with the blockchain landscape as simple as possible, enabling self-custody of assets while allowing users to interact easily with DeFi applications.
Conclusion
TENET is not just another blockchain project; it is a comprehensive ecosystem designed to address the most pressing issues in DeFi. With its focus on security, liquidity, and simplicity, TENET is well-positioned to lead the next wave of DeFi innovation. Whether you are a retail investor looking to optimize your assets or a developer seeking a robust platform to build on, TENET offers the tools and infrastructure to succeed.
Dive into the future of DeFi with TENET and be part of a revolution that is set to redefine the financial landscape.
