#     LSDC stablecoin for Tenet

By [KliperisK](https://paragraph.com/@kliperisk) · 2023-06-20

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_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/](https://faucet.testnet.tenet.org/)

**Add Network** -

[https://t.co/2jx4lwLhuf](https://t.co/2jx4lwLhuf)

**\- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -**

**Testnet:**

Go to dApp and connect wallet -

< [https://testnet.app.lsdc.io>](https://testnet.app.lsdc.io%3E)

Click the faucet tab and request -

![](https://storage.googleapis.com/papyrus_images/c009eb41ca4d97add433413b8e79a295d62d499dbb922b8ee9b8cda5d6d1bc3b.png)

**Deposit** -

![](https://storage.googleapis.com/papyrus_images/dbcffa95de083a2b2bcc365d64946de0c4cba89f4418290eecdacc5ee446e63f.png)

Open a CLIP, deposit collateral and mint LSDC Repeat for one more (manage your gas) or request again after one hour..

**Redeem** -

![](https://storage.googleapis.com/papyrus_images/05e09c3595ce08a3276f6faba8986d7409eec8d3bf3ba2b42008bfde885953f9.png)

Redeem LSDC for any collateral type

\*\*- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - \*\* **Provide feedback here** -

[https://t.co/QPYxxna0K8](https://t.co/QPYxxna0K8)

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*Originally published on [KliperisK](https://paragraph.com/@kliperisk/lsdc-stablecoin-for-tenet)*