#     LSDC stablecoin for Tenet

**Published by:** [KliperisK](https://paragraph.com/@kliperisk/)
**Published on:** 2023-06-20
**URL:** https://paragraph.com/@kliperisk/lsdc-stablecoin-for-tenet

## Content

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 - https://t.co/2jx4lwLhuf - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - https://t.co/QPYxxna0K8

## Publication Information

- [KliperisK](https://paragraph.com/@kliperisk/): Publication homepage
- [All Posts](https://paragraph.com/@kliperisk/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@kliperisk): Subscribe to updates