LSDC is a non-custodial decentralized application running on the Tenet blockchain.
What is TENET? Tenet, a Layer-1 Ecosystem for LSD's (Liquid Staking Derivative) which focuses on reducing thew risk in staking and also unlocking liquidities across the ecosystem. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Users of Tenet can bridge over their liquid staking derivatives from other Networks such as ETH, BNB, take them to a Tenet validator to receive additional yield and borrow against those yield bearing. **- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - **LSDC Usecases: Yield-bearing Collateral Ecosystem governance Scalable Collateral base
At genesis: LSDC can be minted against the following assets: twstETH tcbETH tankrBNB **- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - **Requirements: Set up Metamask wallet -
Get faucet (takes almost 3 hours now) -
https://faucet.testnet.tenet.org/
Add Network -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Testnet:
Go to dApp and connect wallet -
< https://testnet.app.lsdc.io>
Click the faucet tab and request -
Deposit -
Open a CLIP, deposit collateral and mint LSDC Repeat for one more (manage your gas) or request again after one hour..
Redeem -
Redeem LSDC for any collateral type
**- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ** Provide feedback here -