• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

This Project Looks to Bridge Multi-Chain Gaps as the Layer 2 of DeFi

by
January 5, 2021
in Uncategorized
0
This Project Looks to Bridge Multi-Chain Gaps as the Layer 2 of DeFi
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

As interoperability continues to prove a pain point for AMMs, Tenet connects popular DeFi protocols via the native $TEN token.

2020 saw decentralised finance protocols unlock a suite of new and exciting passive income opportunities. Decentralised AMM (automatic market maker) exchanges such as Uniswap, Balancer and Curve have become hugely popular platforms, with liquidity mining and yield farming growing in popularity. Entering 2021, the total value locked in DeFi protocols is already over $17 billion.

Related articles

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

February 25, 2021
Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

February 25, 2021

Although decentralised finance protocols have evolved rapidly in a short space of time, there are still several pain points that exist within the DeFi space. When it comes to liquidity mining, complex smart contract creation for project teams and cumbersome user experiences for liquidity providers that use several AMMs at once are bottlenecks that require attention if the space is to mature further.

Backed by DREP Signal Labs, a blockchain incubator supported by the DREP Foundation, Tenet looks to tackle these challenges as a cross-chain AMM “super connector”. The project provides a decentralized Liquidity Tap for various tokens and connects decentralized exchanges on several popular blockchains.

DeFi Sector Complexity

Projects, token issuers and liquidity miners all face bottlenecks when traversing the current DeFi landscape. On the demand side, token issuers encounter complex and risky challenges when designing smart contracts for use across various AMMs, as they must ensure that there is a proportional distribution of token rewards for liquidity providers.

On the liquidity provider side, AMMs based on different public chains mean that those yield farming face increased fees, more time spent transacting and a cumbersome overall user experience.

Layer 2 Cross Chain DeFi Innovation

Tenet looks to address the aforementioned issues with a cross-chain AMM connector, layer 2 solutions, customizable design solutions and a deep liquidity generator. The platform also offers faster cross-platform and cross-chain assets exchanging via an “AMM Integration Framework” protocol, making interactions with different blockchains and AMMs easier and faster. Liquidity providers deposit their trading pair LP Tokens in Tenet, and in turn are given mining rewards from both the liquidity tap creators and the Tenet protocol.

White Label Liquidity Tap

Tenet offers DeFi projects a whitelabel geyser solution to quickly and easily create incentivized liquidity pools on various protocols across both Ethereum and Binance Smart Chains. The project’s Layer 2 AMM connector, or Liquidity Tap, allows token issuers to start a pool and incentivize it with their own native token or Tenet’s native $TEN token (or both) then redirect TEN incentives to it by use of an easy-to-use interface.

Projects can fully customise incentivised liquidity pools with relative ease, and various parameters can be tweaked such as AMM platform options in the initial phase, native token issuance protocol options, mining cycles, initial incentive requirements and mining revenue exercise options.

Polkastarter IDO

Tenet conducted a public sale of TEN tokens on 5th January 2021 at 7:00 UTC on Polkastarter, a platform that has hosted several successful project launches in recent weeks.

In total, 300,000 TEN ERC20 tokens were sold at a price of $1 USD per 1 TEN, with two separate pools. The first pool held $200,000 worth of TEN tokens available to a Public Whitelist Pool, the second held $100,000 worth of TEN available to those who have held 3,000 POLS tokens for more than 7 days. The maximum individual cap was 1 ETH.

PancakeSwap IFO

The project also conducted a public token sale on PancakeSwap on the same day (5th January 2021) and 1,000,000 TEN BEP20 tokens (13% of the total TEN supply) were sold during the Initial Farm Offering. The price per token was set at the same rate as the Polkastarter sale at $1 USD per TEN token.

 
Image by David Mark from Pixabay
Share76Tweet47

Related Posts

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

by
February 25, 2021
0

Bank of Korea Governor Lee Ju-yeol has said that crypto assets like bitcoin have no intrinsic value – put simply,...

Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

by
February 25, 2021
0

Crypto trader Carl Martin believes that $50,000 might be the new resistance level that Bitcoin has to fight to continue...

Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

by
February 25, 2021
0

Cross-chain interoperability and lucrative DeFi yield opportunities appear to be supporting the price recovery in Cardano, Matic and Stacks. The...

Nimbus (NBU) – The Next Big Thing in DeFi is Coming to Uniswap

Nimbus (NBU) – The Next Big Thing in DeFi is Coming to Uniswap

by
February 24, 2021
0

Nimbus is an established fintech company with an ambitious vision to open some of the most rewarding financial services to...

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion

by
February 24, 2021
0

The total value locked in decentralized finance platforms dropped 16% to $54.4 billion this week, but the quick rebound in...

Load More
  • Trending
  • Comments
  • Latest
Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Grayscale CEO outlines 6 themes that will shape crypto market in 2021

January 20, 2021
GrayScale Reopens ETHE Buying

GrayScale Reopens ETHE Buying

February 1, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

Bitcoin Has No Intrinsic Value, Asset Is Too Volatile, Says Bank of Korea Governor

February 25, 2021
Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

Why Bitcoin May Have to Fight the $50K Mark a Bit Longer

February 25, 2021
Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

Cross-chain bridges and DeFi integration are pushing these 3 altcoins higher

February 25, 2021
Nimbus (NBU) – The Next Big Thing in DeFi is Coming to Uniswap

Nimbus (NBU) – The Next Big Thing in DeFi is Coming to Uniswap

February 24, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • Weiss Ratings
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.