THELOGICALINDIAN - As interoperability continues to prove a affliction point for AMMs Tenet connects accepted DeFi protocols via the built-in TEN token
2020 saw decentralized accounts protocols alleviate a apartment of new and agitative acquiescent assets opportunities. Decentralized AMM (automatic bazaar maker) exchanges such as Uniswap, Balancer, and Curve accept become badly accepted platforms, with liquidity mining and crop farming growing in popularity. Entering 2021, the absolute amount bound in DeFi protocols is already over $17 billion.
Although decentralized accounts protocols accept evolved rapidly in a abbreviate amplitude of time, there are still several affliction credibility that abide aural the DeFi space. When it comes to clamminess mining, circuitous acute arrangement conception for activity teams and bulky user adventures for clamminess providers that use several AMMs at already are bottlenecks that crave absorption if the space is to complete further.
Backed by DREP Signal Labs, a blockchain incubator accurate by the DREP Foundation, Tenet looks to accouterment these challenges as a cross-chain AMM “super-connector”. The activity provides a decentralized Liquidity Tap for assorted tokens and connects decentralized exchanges on several accepted blockchains.
DeFi Sector Complexity
Projects, badge issuers, and clamminess miners all face bottlenecks back traversing the accepted DeFi landscape. On the appeal side, badge issuers appointment circuitous and chancy challenges back designing acute affairs for use beyond assorted AMMs, as they charge ensure that there is a proportional administration of badge rewards for clamminess providers.
On the clamminess provider side, AMMs based on altered accessible chains beggarly that those crop agriculture face added fees, added time spent transacting, and a bulky all-embracing user experience.
Layer 2 Cross Chain DeFi Innovation
Tenet looks to abode the above issues with a cross-chain AMM connector, band 2 solutions, customizable architecture solutions, and a abysmal clamminess generator. The belvedere additionally offers faster cross-platform and cross-chain assets exchanging via an “AMM Integration Framework” protocol, authoritative interactions with altered blockchains and AMMs easier and faster. Clamminess providers drop their trading brace LP Tokens in Tenet, and in turn, are accustomed mining rewards from both the clamminess tap creators and the Tenet protocol.
White Label Liquidity Tap
Tenet offers DeFi projects a whitelabel bubbler band-aid to bound and calmly actualize incentivized clamminess pools on assorted protocols beyond both Ethereum and Binance Smart Chains. The project’s Layer 2 AMM connector, or Clamminess Tap, allows badge issuers to alpha a basin and incentivize it with their own built-in badge or Tenet’s built-in $TEN badge (or both) again alter TEN incentives to it by use of an easy-to-use interface.
Projects can absolutely adapt incentivized clamminess pools with about ease, and assorted ambit can be tweaked such as AMM belvedere options in the antecedent phase, built-in badge arising agreement options, mining cycles, antecedent allurement requirements, and mining acquirement exercise options.
Polkastarter IDO
Tenet conducted a accessible auction of TEN tokens on 5th January 2021 at 7:00 UTC on Polkastarter, a belvedere that has hosted several acknowledged activity launches in contempo weeks.
In total, 300,000 TEN ERC20 tokens were awash at a amount of $1 USD per 1 TEN, with two abstracted pools. The aboriginal basin captivated $200,000 account of TEN tokens accessible to a Public Whitelist Pool, the additional captivated $100,000 account of TEN accessible to those who accept captivated 3,000 POLS tokens for added than 7 days. The best alone cap was 1 ETH.
PancakeSwap IFO
The activity additionally conducted a accessible badge auction on PancakeSwap on the aforementioned day (5th January 2021) and 1,000,000 TEN BEP20 tokens (13% of the absolute TEN supply) were awash during the Initial Farm Offering. The amount per badge was set at the aforementioned amount as the Polkastarter auction at $1 USD per TEN tokens.
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