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Tenet is an EVM-compatible L1 protocol that aims to bring additional liquidity and yield opportunities to LSDs by allowing users to re-stake their assets on the network and participate in Tenet’s DeFi ecosystem.
By building an institutional-grade liquid staking product on the Ethereum network, we are opening avenues for clients with demanding compliance requirements to utilize staked capital for borrowing, lending, option writing, liquidity provision and much more,” states Blockdaemon CEO and founder, Konstantin Richter.
Blockdaemon has experienced exponential growth over the past year, boosting its revenues by 20 times.