Tenet, a layer 1 liquid staking blockchain constructed on the Cosmos community, groups up with Conflux and Qtum, two blockchains with a big presence in China, to deepen the roots of the liquid staking business in that nation’s markets. The partnership goals to combine Tenet into the Asian blockchain group, which is “usually siloed from Western crypto tasks,” the announcement stated.
Conflux and Qtum customers will stake a minimum of $1 mln price of their native tokens to safe every blockchain and obtain liquid staking derivatives (LSD) issued by Web3 infrastructure agency Ankr. Conflux and Qtum stakers will then switch their LSDs to the Tenet community and restake them to realize entry to elevated yield and utility.
The worth of TENET, the native token for the Tenet ecosystem, is buying and selling at $0.1707 on the time of writing, in accordance with CoinMarketCap. Conflux’s CFX token is down 0.65% to $0.3076 within the final 24 hours, whereas QTUM token has misplaced 3.98% over the identical interval to commerce at $2.61.