Staking protocol that enables users to stake tokens and earn rewards without locking tokens.
Founded in December 2021 by Nico Vergauwen, Tenderize is a liquid staking protocol where users can stake cryptocurrencies to receive staking rewards without locking their deposit or actively managing their investment. With Tenderize, users can earn compounding staking rewards, swap tenderTokens for the underlying asset, and earn liquidity farming rewards. When users stake their crypto assets on Tenderize, they get tenderToken, a 1:1 ERC-20 derivative of the underlying deposit. These tenderTokens can be freely traded on decentralized exchanges or used in DeFi apps. Users get more tenderTokens as their deposit starts accruing staking rewards. Tenderize currently accepts MATIC, GRT, LPT, and AUDIO deposits and crossed 1M+ in total value locked during September 2022.
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