Tenderize offers liquid staking solutions that allow users to stake assets across various networks without lockups. Users can earn staking rewards while simultaneously borrowing stablecoins against their staked positions using TenderTokens as collateral. This platform provides instant unstaking capabilities and supports liquid delegation to maintain validator choice and risk management.
Funding
$3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
EBFounders
Product
Problem
Traditional staking methods often lock up assets for extended periods, limiting liquidity and preventing users from leveraging their staked assets in other DeFi activities. This illiquidity can reduce capital efficiency and hinder participation in other yield-generating opportunities.
Solution
Tenderize offers a liquid staking platform that allows users to stake their assets with chosen validators and receive tradable tTokens representing their staked assets and accrued rewards. These tTokens can be used within the Tenderize ecosystem and across the broader DeFi landscape, including as collateral for loans. Tenderize also features TenderSwap, a liquidity pool that facilitates instant swaps between tTokens and the underlying assets, providing a liquidity backstop for all Tenderize-based LSTs. This approach enhances capital efficiency by providing immediate access to funds without the need to wait for lengthy unlock periods.
Target Audience
Tenderize targets users of Proof-of-Stake networks, including validators and delegators, seeking to enhance the liquidity and utility of their staked assets.
Features
- Validator-specific tTokens: Liquid representations of staked assets and rewards tied to individual validators.
- TenderSwap: A shared liquidity pool enabling instant swaps between tTokens and underlying assets.
- TenderVaults: Stake assets and mint tTokens representing stake specific to one validator.
- Selector Validator: Users can stake to any validator within the Tenderize ecosystem.
- Native staking rewards plus bonus WAGYU tokens.
- Ability to use tTokens as collateral for minting USD stablecoins.