Tenet Bonds With LayerZero to Press LSD Omnichain Adoption

Tenet is a layer-1 network that’s focused primarily on the growth of usage cases associated with liquid staking derivatives (LSDs).

According to a news release shown CryptoPotato, Tenet has actually created a collaboration with LayerZero focused on increasing the adoption of LSDs.
LayerZero, in turn, is an omnichain interoperability procedure that’s presently valued at over $3 billion.
The very first phase of the effort would be to establish a LayerZero endpoint on Tenet. It will allow anybody to produce tokens and tasks backed by the omnichain innovation. In essence, this will link Tenet to the various networks that are powered by LayerZero.
Speaking on the matter was Greg Gompan, co-founder of Tenet, who stated:.

The collaboration with LayerZero is crucial for Tenet’s success, as our procedure is cross-chain native at its core. While the preliminary integreation is helfpul in linking our chain to the big LayerZero network to take advantage of its cross-chain liquidity, it likewise allows us to produce a really omnichain LSD for any possession. This decreases the barriers of entry and sets us up as the leading LSD environment for all of DeFi.