Teneo
latin: to hodl

Earning by Hodling. A three-layered incentivized protocol for hodlers powered by the TENEO token and market optimization.

Access DAPP
Swap ETH, BTC, etc... and earn APY
Get TENEO Token
Invest in the system and collect rewards
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Token Sale & more
Sale
Private Sale
Join us early and get early ownership for our utility token : TENEO

Private sale allocation : 5 000 000 TENEO
Price : TBA

Proceeds will be used to finance our operations and expand our team. Visit our Whitepaper for more information.
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Teneo explained

How it works

TENEO is a multi-layered yield generation protocol based on the trading of pegged-tokens. Users can swap tokens for their ten-tokens counterpart and start earning fees generated from trading activities. Traders and arbitrageurs can earn from price deviations between ten-tokens. Liquidity providers for ten-tokens earn TENEO, the token powering the protocol.

Value accrual through reflows

TENEO’s reserves are filled through commitment fees and opening arbitrage opportunities to harness additional fees from arbitrageurs. Ten-token balances (Ten-ETH, Ten-BNB, etc.) receive reflows automatically, allowing users to increase their amount of Ten-tokens that compound over time. Hodl Ten-wBTC and earn more ten-wBTC - it’s that simple.

Sustainable liquidity farming

A crucial problem with most liquidity mining Apps is that annual percentage yields (APY’s) are often unsustainable and volatile as the total value locked (TVL) and the underlying reward token move in opposite directions. 
We will adopt a pegged float target rate on TENEO’s emission during our bootstrapping phase to sustain the APY between 40 and 80%, narrowing the range after a smooth price discovery period. Instead of adopting an intensive liquidity mining program that often results in a constantly decreasing price, our efforts are focused on correlating TENEO’s price with the volume and TVL generated by the protocol.

Constant Liquidity generation

- 10% of the fees collected from the automated market maker (AMM) go directly to providing liquidity for our available pairs, allowing TENEO to create deep liquidity pools over time. 

- 70% of the fees collected from the AMM are used to buy back TENEO and provide liquidity for the iTENEO/TEN-TEN pool, acting as an increasing price floor.

 As we become less dependent on liquidity providers over time, this will allow the community to introduce more pairs into the ecosystem and focus on driving liquidity in other yield-producing strategies.

Internalizing arbitrage

Our system is designed to open triangular arbitrage opportunities and increase the spread between tokens and their TEN-token counterparts as liquidity pools accumulate reflows. Arbitrage removes value from LP's, thus the TENEO protocol will act on those arbitrage opportunities and redistribute value to TENEO Hodlers while profiting ten-tokens owners through fees incurred during the process.

Community-governed 

The team built TENEO with the idea that this would form a strong foundation for many other DEFI applications, such as vaults and collateralized borrowing. We intend to decentralize the governance and leverage the community’s creativity to drive more value into the protocol. We are currently exploring vault strategies and self-funded loans with LP token collateralization.

Teneo explained

Fee Redistribution

Litepaper

Download Litepaper
coming soon

Investing

A three-layered incentivized protocol for Hodlers powered by the TENEO utility token

Longterm Vision

The long road ahead

We envisioned TENEO as a yield enhancement layer that could be used to drive further integrations on top of it. Our AMM and reflow mechanism allow users to passively earn while still having the opportunity to use the reserve’s liquidity to incorporate further utility. Alongside other passionate developers and business developers, we aim to tap into TENEO’s potential by integrating with other DEFI projects to drive more value to ten-token holders. Vault strategies and self-paying loans are two concepts that would fit perfectly with the vision we have in mind for the TENEO ecosystem.

                               Together, let’s build!

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