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.