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New Cosmos chain will use liquid staking tokens from other networks for security

Published 05/03/2023, 09:00 AM
Updated 05/03/2023, 10:40 AM

A new Cosmos-based blockchain called “Tenet'' will use liquid staking coins from other networks to secure its transactions, potentially allowing the new network to inherit the security of older ones, according to a May 3 announcement from the developers.

The network is currently available as a testnet and will launch a mainnet version as soon as testing is complete. This comes after liquid staking has recently become the largest decentralized finance (DeFi) protocol category.

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