Partnership with Teneo Finance

Teneo Finance is a three-layered incentivized protocol for holders powered by the TENEO token and market optimization. Teneo combines redistributed transaction fees with wrapped tokens. It aims to be a win-win-win situation for holders, traders and projects. Teneo can wrap any BEP20/ERC20 token to a ‘tenXXX’ (BNB → tenBNB). The tenBNB token then has a transaction fee which is redistributed to tenBNB holders, benefiting holders. At the same time the tenBNB token is pegged to BNB, which creates arbitrage opportunities for price movements of BNB — benefiting traders. This redistribution incentivizes BNB holders and liquidity providers without the need of minting new BNB tokens, and therefore avoiding inflation risk. On the contrary, it locks away the pegged token from the open market, benefiting the project.

We are excited to announce a new collaboration with Teneo Finance to integrate DIA’s oracle into Teneo’s multi-layered yield optimization protocol. By aggregating DIA oracles, Teneo will make use of DIA’s extensive cross-chain interoperability capabilities and implement a multi-chain solution for its wrapped tokens. This integration will enable Teneo users to operate freely in the platform, regardless of the blockchain network the tokens are deployed on. Additionally, DIA will look into integrating Teneo’s non-inflationary staking solution.