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Market capitalization: $3.62T
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Tenet
TENET

About Tenet

TENET is a Layer-1 ecosystem designed for Liquid Staking Derivatives (LSDs), aiming to unlock liquidity and enhance yields securely. With LSDs dominating DeFi ($18B), TENET addresses the challenge of extracting their liquidity and utility. It focuses on enhancing DeFi's core pillars: Security through diversified Proof-of-Stake using major network LSDs, making it exceptionally secure; Liquidity via Liquid LSDs (LLSDs) used across the DeFi ecosystem, governed by $veTenet; and Simplicity with Eva, a user-friendly wallet for staking, re-staking, LSD optimization, and AI-powered DeFi assistance. Tenet's ecosystem features native apps like LSDC, a stablecoin backed by decentralized, interest-bearing collateral, and Metadrome, an LSD AMM for deep liquidity on the Tenet network.

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