IDO on DAO Maker. Details:
- Ticker: TENET
- Blockchain Network: TENET
- Token Supply: 1,200,000,000
- Project Valuation: $24,000,000
- Initial Market Cap: $240,000
- Vesting: 10% TGE, 3 months cliff, 4.5% linear monthly unlock
TENET is a Layer-1 Ecosystem for LSDs, dedicated to unlocking liquidity and safely increasing yields.
LSDs are now the largest vertical in DeFi ($18B) and yet no one has figured out how to extract liquidity and utility from them. Tenet solves that. Core technology focuses on improving the 3 keystones of DeFi:
- Security:The most secure blockchain ever created. Diversified 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, etc.
- Liquidity: Staked positions represented as Liquid LSDs (“LLSDs”) that can then be utilized in DeFi ecosystem all powered by $veTenet, voting escrow token, which controls all the reward gauges of block rewards and native apps in ecosystem.
- Simplicity: Tenet’s retail friendly wallet, Eva, designed to onboard retail investors to Tenet DeFi. It will allow users to stake assets, re-stake to tenet, optimize LSDs within our ecosystem, and provide the industry’s first Mobile Wallet AI chat, to help users find DeFi information and interact with pre-approved on-chain actions.
All of this comes together in Tenet’s ecosystem of native and third party apps dedicated to LSDs. Native apps include an LSD stablecoin, LSDC, the first ever stablecoin backed by a basket of decentralized, interest-bearing collateral and secured by omnichain governance; and Metadrome, an LSD AMM for bringing deep liquidity to LSDs on the Tenet network.