Tenderize is a decentralized liquid staking protocol that enables users to stake their assets while maintaining liquidity, thereby maximizing capital efficiency within the Web3 ecosystem. By issuing ERC-20 derivatives known as TenderTokens (tTokens), Tenderize allows stakers to earn rewards without locking up their assets, facilitating seamless integration with decentralized finance (DeFi) applications.

This approach addresses the traditional challenges of staking, such as illiquidity and opportunity costs, by providing a flexible solution that enhances both user experience and network decentralization.

In July 2022, Tenderize raised $3 million in a Seed funding round led by Eden Block, with participation from TRGC, Encode Club, Figment, and Daedalus Angels. This investment has been instrumental in advancing Tenderize's mission to unlock the full utility potential of assets locked in Web3 protocols.

Tenderize's ecosystem comprises three core components:

• TenderVaults: These vaults allow users to stake assets and mint tTokens, which represent staked assets and accrued rewards. Users have the flexibility to choose their preferred validators, promoting decentralization and reducing centralization risks.
• TenderSwap: An on-chain liquidity pool that facilitates the swapping of tTokens, ensuring liquidity and enabling users to exit staking positions without enduring unbonding periods.
• BeefBank: A collateralization platform where users can deposit tTokens to mint Steaks Dollar (SD), an over-collateralized stablecoin. This feature unlocks additional yield-generation opportunities and enhances the utility of staked assets within the DeFi landscape.