Tenderize, a staking derivatives protocol, has raised $3 million in seed funding in a round led by blockchain venture capital firm Eden Block.
Tenderize is a protocol that allows users to collateralize loans and trade tokens while maintaining a position of staked assets. Through this increased flexibility, the company believes that it can unlock the full utility potential of staked assets with the end goal of enabling permissionless liquid staking, an emerging form of staking that seeks to unlock the value of staked tokens.
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