Single-Validator LSTs (tTokens)

Single-validator LSTs (tTokens) are liquid staked tokens that represent your staked position with a specific validator. Think of them as extension of the native staking experience, you retain the freedom to pick and choose your validators of choice, but as a liquid staking experience instead..

How Single-validator LSTs Work

Minting tTokens

• When you stake assets (e.g., MATIC, GRT, or LPT), Tenderize mints tTokens at a 1:1 ratio

• Each tToken is specific to your chosen validator (e.g., tMATIC-ValidatorA)

• The amount of tTokens you receive corresponds to your staked amount

Validator Relationship

• Each tToken maintains transparency about its associated validator

• You can track validator performance and rewards directly

• Validator-specific risks and rewards are reflected in the tToken

Reward Accrual

• Staking rewards automatically increase the value of your tTokens

• Your tToken balance grows with your staking rewards, making rewards very intuitive.

Instant unstaking & DeFi Integration

tTokens can be instantly unstaked for a small fee using TenderSwap.

They could also be used across various DeFi applications:

• As collateral in lending protocols

• In yield farming strategies

• For trading on decentralized exchanges

• In liquidity pools