Tenet – a liquid staking layer 1 blockchain built on the Cosmos network – will team with Conflux and Qtum, two blockchains with a heavy presence in China, to deepen the roots of the liquid staking industry in that country’s markets.
Conflux and Qtum users will both stake a minimum of $1 million worth of their native tokens to help secure each blockchain and receive liquid staking derivatives (LSD) that is issued by Web3 infrastructure firm Ankr. Conflux and Qtum stakers will then bring their LSDs to Tenet’s network and restake them as a means to access increased yield and utility, Tenet CEO Greg Gopman told CoinDesk in an interview.
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