Tenet Bridge V2 Launch for Advanced Multi-chain & Multi-asset Swap Support

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.

2. Decentralization

The nodes are responsible for processing swap orders on different chains

3. Support All Types of Tokens

There are two ways to apply for tokens that support swap on Tenet Bridge:

i. Community vote

ii. Application by token owner:
the owner can submit the address of the token on each chain and generate the mapping relationship. The application will then be reviewed by the platform.

4. Liquidity Pool Incentives

In V1 version, users can carry out cross-chain token swaps by matching their requests with requests from the other chain.

In V2 version, users can obtain mining rewards by providing liquidity. The liquidity will be used to automatically accept the token swap request on each chain.

For more information on TENET, please visit: http://www.tenet.farm/

For partnership, contact:info@tenet.farm

--

--

--

Tenet is a cross-chain Automated Market Maker (AMM) connector that provides a decentralized Liquidity Tap for various tokens.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Casper “The Friendly Ghost” — The Ethereum PoS Protocol

Blockzone New Features Ver 2.0

Introducing the Bountium Beta

Major Differences Between Web 2.0 and Web 3.0

What blockchain is used in MYID?

Understanding Synthethic assets with Comdex

Blockdaemon, Welcome to the MobileCoin Foundation

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Tenet Official

Tenet Official

Tenet is a cross-chain Automated Market Maker (AMM) connector that provides a decentralized Liquidity Tap for various tokens.

More from Medium

Partnership with Vmates

New token listing on our exchange!

Rens Token ICO Whitelist

LBank AMA Recap with THE9