Tenderize, established in December 2021 by Nico Vergauwen, is a cutting-edge liquid staking protocol that offers users the opportunity to stake cryptocurrencies and earn staking rewards without the need to lock their deposits or actively manage their investments. By utilizing Tenderize, users can enjoy the benefits of compounding staking rewards, seamlessly exchange tenderTokens for the underlying assets, and even earn rewards through liquidity farming.

When users stake their crypto assets on Tenderize, they receive tenderTokens, which are ERC-20 derivatives that mirror the value of their original deposits on a 1:1 basis. These tenderTokens can be freely traded on decentralized exchanges or utilized within various DeFi applications. As users’ deposits accumulate staking rewards, they receive additional tenderTokens, further enhancing their holdings. Notably, Tenderize currently accepts deposits in MATIC, GRT, LPT, and AUDIO, and has successfully surpassed a total value locked of over 1 million during September 2022.