Layer 2 in fact is the general name of a certain category of expansion solution, which mainly transfers computing, transaction and other services to outside-Layer 1; and realizes the interaction between Layer 2 and Layer 1, so that the transaction trust of Layer 2 can be passed successfully to Layer 1. The main function is to greatly reduce the burden of the main chain, improve the processing speed and throughput of the main chain, and greatly reduce the Gas fee of Etherum network transactions. At present, Layer 2 mainly has four technical schemes: state channel, side chain, Plasma and Rollup.
Tenet has always been committed to building DeFi connectors and toolkits on Ethereum, Polkadot, Binance Smart Chain to accelerate liquidity, DeFi transaction accumulation, long tail asset loan solutions and so on. The basic function of Tenet is serving as a cross-chain Automated Market Maker (AMM) connector that provides a decentralized Liquidity Tap for various tokens, and adopt dynamic algorithm to seek more fair, rich and effective incentive measures for liquidity providers.
Now TENET Bridge V2 has been launched, more liquidity is injected by the effective cross-chain swap in collaboration with DREP Crossing. TENET’s potential is being leased out step by…
Through testing the cross-chain TEN swap function between Ethereum and Binance for the past few weeks, based on the community’s feedback, we recognized the negative impact on user experience caused by the lack of liquidity, as it hindered the timely acceptance of users’ swap requests.
Since the principle of cross-chain swap is that the swap request can begin to proceed when only the number of tokens on the target chain reaches the swap amount. Liquidity becomes the key in determining the efficiency of cross-chain asset swaps. …
Since the launch of Tenet Bridge with the purpose of solving TEN token swap issues between Ethereum and Binance, the function has received warm response and positive feedback from the community. Through the feedbacks collected from testing in the past few weeks, we have come up with a brand new update plan for Tenet Bridge V2, to provide smoother user experience and more reward-winning opportunities for our community.
Updated Features of Tenet Bridge V2：
1. Cross-chain Support
Support the swap of tokens between multiple Layer1 and Layer2 chains: ETH, BSC, Heco, GateChain, Optimistic Rollup, ZK Rollup, etc.
Following $TEN’s successful launch on Coinone, on February 23rd, Tenet held its first Korean AMA with DVP Network, introducing the Tenet project and the strategic partnership between Tenet and DVP to the Korean communities. We have received great feedback and overwhelming support from the AMA. Here, we prepared an AMA recap for those who missed the event or who’re simply interested in learning more about Tenet. The recap is in both English and Korean. Feel free to have a read!
Join our Telegram group: https://t.me/TenetFarm
Host: Could you give an introduction of Tenet?
Steve: Tenet is a…
The explosive growth in DeFi ecosystem has attracted widespread attention from users and investors around the world. However, the lack of security and accessibility has always been restricting the rapid expansion of the DeFi ecosystem. To remove the barriers to the entry of DeFi products, enhance user security of information and assets, and optimize user experience, the DVP (Decentralized Vulnerability Platform) and TENET have officially formed a strategic partnership to jointly create safer and more accessible DeFi infrastructure and to facilitate DeFi’s ecological expansion. DVP is going to help the TENET ecology build a bug bounty project to attract white…
We are thrilled to announce our brand new partnership with BakerySwap, the first AMM+NFT platform on BSC, and Battle Pets, the leading NFT game on BSC, for the upcoming Big Joint Carnival from 29th January to 8th February 2021.
As another huge step in Tenet’s partnership network, liquidity taps of $BAKE and $PET will be going live on bsc.tenet.farm. Moreover, to incentivize the liquidity taps of BakerySwap and Battle Pets and to give back to our community, we will be giving away $10,000 worth of $BAKE, $2,500 worth of $PET and $TEN rewards during the event period.
During the Big…
We will be launching the Tenet’s BEP20 — ERC20 Token Bridge on January 16th. To facilitate a successful swap process, matching amounts of TEN are required on both ERC20 and BEP20 are required. More details will be disclosed in our official swap guide which will be released prior to the launch of the bridge.
We had also noted the community’s feedback with regards to a synchronization of mining rewards on the Eth and BSC blockchains. A public vote was conducted in our Telegram group, with a majority of 70% pushing and supporting the synchronization of mining rewards. …
Following the successful public sale on Polkastarter and PancakeSwap, we’re pleased to announce Tenet (TEN) initial mining will start at 10AM (UTC) JAN 8TH 2021!
As the first cross-chain DeFi Layer 2 AMM platform, we had gained much traction in recent weeks and received numerous enquiries from prominent projects interested in partnering and establishing their liquidity taps on Tenet. For instance, the first project on Tenet V1 ETH version is Fountain, a blockchain project backed by China’s top content community Jianshu.com with over 12 million user base.
In order to ensure that there is no confusion during the initial mining…
Tenet is the first cross-chain DeFi Layer 2 facility, launched on January 5, 2021. The first Liquidity Tap creator, Fountain, has officially started its Tap. Now available are FTN rewards. TEN rewards will be added soon.
Fountain is a blockchain project backed by enormous traditional Internet user base. As Fountain’s important partner and preferred approach to explore DeFi, Tenet will potentially encourage over 12 million users to participate in liquidity mining on its innovative AMM Super Connector platform. The Liquidity Tap will help support Fountain’s distribution of Jianshu Bei token obtained through official Fountain super weight.