Tenet Companions With Conflux And Qtum To Increase Presence In China

Tenet, a layer 1 liquid staking blockchain constructed on the Cosmos community, groups up with Conflux and Qtum, two blockchains with a big presence in China, to deepen the roots of the liquid staking trade in that nation’s markets. The partnership goals to combine Tenet into the Asian blockchain neighborhood, which is “usually siloed from Western crypto tasks,” the announcement mentioned.

Conflux and Qtum customers will stake at the very least $1 mln price of their native tokens to safe every blockchain and obtain liquid staking derivatives (LSD) issued by Web3 infrastructure agency Ankr. Conflux and Qtum stakers will then switch their LSDs to the Tenet community and restake them to achieve entry to elevated yield and utility.

The worth of TENET, the native token for the Tenet ecosystem, is buying and selling at $0.1707 on the time of writing, in keeping with CoinMarketCap. Conflux’s CFX token is down 0.65% to $0.3076 within the final 24 hours, whereas QTUM token has misplaced 3.98% over the identical interval to commerce at $2.61.

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