👑Tenderize: Liquid Staking 2.0

Tenderize solves the aforementioned problems with two protocols:

TenderVault

TenderVault is a fully on-chain protocol that mints individualized liquid staked tokens (LST) for any validator. The LST represents stake and rewards unique to a specific validator. Rather than having one generalized liquid staked token which drives stake to a group of pre-determined validators, the TenderVault will mint an LST for any node operator or delegator that stakes to that node.

TenderSwap

TenderSwap is a novel decentralized exchange addressing liquidity fragmentation of LSTs. Thanks to a shared liquidity model, the capital requirements are reduced without compromising on slippage. Homogenous assets like LSDs and tTokens can all route trades through the same pool. By only needing to incentivize one side of the pool, TenderSwap can reduce the cost of incentivizing liquidity by at least 50%.

🥩 TenderVault mints individual liquid staked tokens (LST) for each validator, each LST can be swapped through a shared liquidity pool on TenderSwap.

Design Considerations

Tenderize V2 is credibly neutral and governance minimized. By prioritizing non-custodial, permissionless access for both validators and delegators, Tenderize can’t interfere with decentralization of the underlying network. Tenderize aims to contribute to the world by creating an open and trustless protocol which defends the censorship resistance of the protocol while delivering economic value to market participants.

💭 Permissionless access to liquid staking for all node operators, big or small: With Tenderize V2, users enjoy a high-utility LST while simultaneously making crypto networks more resilient.