Tenderize Secures $3 Million for Staking Innovations
Tenderize, a pioneering startup based in London, UK, has successfully secured an impressive $3 million in seed funding aimed at enhancing its innovative staking derivatives protocol. This funding round was spearheaded by Eden Block and saw contributions from notable investors such as TRGC, Encode Club, Figment, Daedalus Angels, along with a variety of angel investors from distinguished organizations like Messari, Livepeer, and Steakwallet. This financial backing is poised to accelerate Tenderize's mission to revolutionize how users engage with the staked assets prevalent in the world of Web 3 protocols.
At the helm of this visionary company is Nico Vergauwen, one of the co-founders, who is dedicated to adding significant utility to staked assets via the Tenderize protocol.
This innovative system allows users to unlock liquidity, collateralize their loans, and seamlessly trade tokens, all while still maintaining their staked positions, which are represented by ERC20 tokens. Such functionality not only enhances user experience but also introduces a new dimension to staking, where investments remain flexible and dynamic rather than stagnant.
Tenderize is actively working on a range of integrations to optimize its offerings for users. The company is engaged in developing both front-end and back-end integrations, focusing on critical components such as wallets, analytics platforms, tokens, custodial staking partners, and exchanges. By doing so, Tenderize is committed to providing its user base with an improved and streamlined way to stake their assets. Currently, the protocol supports several leading networks, including The Graph, Polygon, Livepeer, and Audius, with plans to broaden support to encompass additional user-favorite protocols in the near future.
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