Mahe, Seychelles, May 24th, 2023, Chainwire
Tenet, a layer-1 ecosystem for creating yield and utility for liquid staking derivatives (LSD), is expanding its presence on the Cmarket through two key partnerships with QTUM, a Proof of Stake network combining the benefits of Ethereum and Bitcoin, and Conflux, a layer-1 network operating on a hybrid Proof of Stake and Proof of Work consensus mechanism called Tree-Graph.
Thanks to the partnerships, CFX and QTUM stakers will be able to bring their assets to the Tenet blockchain and “restake” them to unlock more yield for their assets. LSDs allow holders to reap the full benefits of staking on the original network, while having full control over their assets through a liquid token representing the underlying staked tokens. The LSD token can be used in DeFi to earn more yield, provide liquidity or swap it using decentralized protocols.
Tenet offers a unique layer-1 ecosystem whose security…
