TechFlow news, May 16 — According to an official blog post, Web3 infrastructure provider Ankr has partnered with the new Layer 1 blockchain Tenet to enhance cross-chain liquidity and DeFi opportunities.
Tenet’s consensus mechanism, called Diversified Proof of Stake, allows users to stake and restake their LSTs across multiple blockchains within the Tenet ecosystem.
Ankr liquid staking token holders will be able to stake their tokens with Tenet validators to earn additional yield and utilize their LSTs within Tenet’s DeFi ecosystem.
By using Tenet applications such as the EVA wallet, users can further optimize their DeFi returns. Additionally, the LSDC stablecoin can be used within Tenet DeFi to maximize rewards.
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