This project looks to bridge multi-chain gaps as the Layer 2 of DeFi

As interoperability continues to prove a pain point for AMMs, Tenet connects popular DeFi protocols via the native $TEN token. 2020 saw decentralized finance protocols unlock a suite of new and exciting passive income opportunities. Decentralized AMM (automatic market maker) exchanges such as Uniswap, Balancer, and Curve have become hugely popular platforms, with liquidity mining and yield farming growing in popularity. Entering 2021, the total value locked in DeFi protocols is already over $17 billion. Although decentralized finance protocols have evolved rapidly in a short space of time, there are still several pain points that exist within the DeFi space. When it comes to liquidity mining, complex smart contract creation for project teams and cumbersome user experiences for liquidity providers that use several AMMs at once are bottlenecks that require attention if the space is to mature further. Backed by DREP Signal Labs, a blockchain incubator supported by the DREP…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE