Omnichain interoperability protocol LayerZero announced its integration with Layer1 blockchain Tenet, allowing developers building with LayerZero to easily deploy on Tenet. In addition, projects on Tenet can quickly deploy their application across the LayerZero network.
Tenet is an EVM Layer1 aiming to bring liquidity and yield opportunities to LSDs (liquid staking derivatives). It utilizes the Diversified Proof of Stake consensus mechanism, which allows LSDs to re-stake to the Tenet network and be used in Tenet's DeFi ecosystem.
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Liquid Staking Derivatives (LSD)