Teneo Finance is a multi-layered yield generation protocol based on the trading of pegged-tokens. Users can swap tokens for their ten-tokens counterpart and start earning fees generated from trading activities. Traders and arbitrageurs can earn from price deviations between ten-tokens. Liquidity providers for ten-tokens earn Teneo, the token powering the protocol.
Teneo Finance is a sustainable incentive-backed ecosystem allowing holders to earn passively while opening new arbitrage opportunities for those who seek short-term gains. Teneo’s built-in automated market maker (AMM) allows investors to lock in their cryptocurrencies and mint an equal amount of tenXXX Tokens, which is pegged to the original token and can always be redeemed at the pegged price – minus a small transaction fee.
Teneo Finance introduces an innovative DeFi protocol allowing traders to successfully execute arbitrage trades within its ecosystem, holders to mitigate risks against the downside whilst increasing their exposure to the upside, and lenders a return from providing the protocol liquidity.
Every trader who survived a long period of crypto holding and/or trading knows the following situation: One moment you look into your portfolio and are happy because of a great performance with multiple Xs — the next moment all profits are gone… -30%, -50% or even -90% is nothing unusual in the crypto space. Teneo Finance addresses this. Long-term holders, as well as traders and other projects, are able to benefit from the extreme volatility of the crypto markets. The Teneo Project creates a Win-Win-Win situation for all these parties.
As discussed in length previously, their intent in creating Teneo’s protocol is to give holders long-term incentives by redistributing value to those holding through good and bad times and slashing a penalty for investors withdrawing early on.
However, with the community’s help, they intend to attract developers and foster partnerships that will unlock more value for our stakeholders. They intend to be using the idle collateral in the AMM to generate low-risk yields, allow tenXXX Tokens holders to participate in yield-farming from other projects to generate more value to them, and develop vaults that would use the underlying AMM reserve to generate more yield. Those features could be brought to the table and voted on by the community, along with other bright ideas that their community-governed project will have.
Teneo Finance creates pegged tokens like WBTC for BTC.
WBTC’s price is not much different from BTC’s price because arbitrageurs balance between the different market makers like Uniswap, Sushiswap, Kyber, etc.
The difference between WBTC and tenWBTC (the newly created token from the Teneo ecosystem) is that tenWBTC has a transaction fee.
The Teneo token itself is the reward token for the Teneo Finance system:
Updating…
Teneo Finance has crossed the mark of 42,900 Followers on Twitter.
Teneo is bringing a platform of empowerment to allow users in the DeFi space to broaden their portfolio and make the most of the value-driven Teneo ecosystem. With incentives for various user profiles, Teneo is delivering an intuitive suite of financial instruments geared towards rewarding people through various mechanisms.
Find more information about Teneo Finance :
Website: https://teneo.finance/
Twitter: https://twitter.com/TeneoFinance
Telegram: https://t.me/TeneoFinance
If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Elise
Coincu Ventures
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
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