Tenet joins With LayerZero To Promote Use Of LSD Omnichain

Tenet works with LayerZero to integrate omnichain and grow its powers.

Tenet is a layer-1 network whose main goal is to make more use cases for liquid staking derivatives (LSDs).

A press release sent to CryptoPotato says that Tenet has formed a relationship with LayerZero to help more people use LSDs. LayerZero, on the other hand, is a system for omnichain interoperability that is currently worth more than $3 billion.

Setting up a LayerZero link on Tenet would be the first step of the project. It will let anyone make projects and tokens that use the omnichain technology. Basically, this will link Tenet to the many networks that LayerZero runs.

Greg Gompan, co-founder of Tenet, said this about the situation:

“The partnership with LayerZero is critical for Tenet’s success, as our protocol is cross-chain native at its core. While the initial integreation is helfpul in connecting our chain to the large LayerZero network to leverage its cross-chain liquidity, it also enables us to create a truly omnichain LSD for any asset. This reduces the barriers of entry and sets us up as the leading LSD ecosystem for all of DeFi.”

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