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Tenderize
Tenderize is a liquid-staking protocol and DeFi ecosystem for proof-of-stake networks. It provides validator-specific and multi-validator liquid staking, instant unstaking liquidity through TenderSwap, and planned collateralized stablecoin borrowing through BeefyBank.
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BeefyBank
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Description
BeefyBank is a Tenderize-native lending market for liquid staking tokens. Lenders supply stable liquidity for utilization-driven yields, while borrowers use TenderTokens or Liquid Delegations as collateral to borrow stablecoins. It uses conservative risk controls and permissionless liquidations, with isolated markets for multi-validator LSTs and a shared market with per-LST rate spreads for single-validator LSTs.Category: Decentralised Borrowing & Lending
Liquid Delegation
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Description
Liquid Delegation issues liquid staked tokens at a 1:1 ratio when users stake supported assets through Tenderize. Each token is tied to a selected validator, reflects that validator’s performance, risks, and rewards, and increases in value as staking rewards accrue. The tokens can be instantly unstaked for a small fee through TenderSwap and used in DeFi applications including lending, yield farming, trading, and liquidity pools.Category: Liquid Staking
Tender Tokens
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Description
Tender Tokens are liquid staked tokens managed and curated by the Tenderize protocol and $WAGYU token holders. They stake deposits across a diverse validator set through smart-contract-level rebalancing, directing deposits to underallocated validators and withdrawals from overallocated ones. Users can unstake through the underlying network’s normal unstaking period at no fee or instantly for a small fee. Unlike Liquid Delegations, Tender Tokens are non-rebasing and use a floating exchange rate; they can compose multiple Liquid Delegations under defined allocation rules.Category: Liquid Staking
TenderSwap
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Description
TenderSwap is a decentralized exchange in the Tenderize ecosystem tailored to liquid staked tokens (LSTs). It consolidates homogeneous validator-specific tTokens for the same underlying asset into shared pools, allowing new tTokens to use existing liquidity without separate liquidity provision. Swap fees adjust dynamically based on pool utilization and tToken demand; the model is also intended to support liquidity needs for staking providers, solo stakers, indexes, lending protocols, and protocol-specific LSTs beyond Tenderize.Category: Decentralised Exchange
WAGYU Token
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Description
WAGYU Token is a not-yet-live governance token for the Tenderize ecosystem. It is intended to govern core protocol and TenderSwap upgrades, composite tTokens, lpETH, and future Tenderize products; it may be locked as veWAGYU for governance participation.Category: Uncategorized