Validator-Specific LSTs (tTokens)

tTokens are liquid staked tokens that represent your staked position with a specific validator. Think of them as digital receipts that prove your stake while giving you the freedom to use your staked assets.

How tTokens 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 remains constant while its redemption value grows

• Rewards are reflected in the exchange rate between tTokens and the underlying asset

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