Tenet is an EVM-compatible Layer-1 blockchain that introduces a novel consensus mechanism called Diversified Proof of Stake (DiPoS). This model enhances network security by utilizing a basket of various Liquid Staking Derivatives as staking assets, rather than just the native token. The platform's mission is to become the primary hub for LSDs, creating a robust ecosystem for LSD-focused DeFi protocols, and providing users with new ways to generate yield by using their staked assets as collateral for borrowing, minting the native LSDC stablecoin, and participating in other financial applications.

Founded in

United States