Tenet
TENET
Tenet is a layer-1 DeFi blockchain solution designed to make your crypto life easier. Built using the versatile Cosmos SDK, Tenet brings a novel approach to improving network security and using Liquid Staking Derivatives (LSDs) in a way that's more secure than traditional methods.
You can find the link to the block explorer below:
Validator Address
| Type | Value |
|---|---|
Validator Address | tenetvaloper13trfdatt73lz3ya24z4axsfczavcvtkmuael75 |
Performance
Luganodes validator performance can be tracked here
Staking Mechanics
| Metrics | Details |
|---|---|
Reward Frequency | Rewards are generated every ~6 seconds (1 block) |
Auto-compounding | Compounding needs to be done manually |
Slashing | Validator attesting two different blocks will be slashed and will be penalised 5% of their stake. They will be kicked from the active validator set as well |
Stake Activation | Almost instant. Rewards are generated after 1 block (~6 seconds) from the time of stake |
Unbonding Period | 21 days. After unstaking, users can access the staked funds after 21 days |
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