Introducing Quiver by Tenov.
A staking platform for Robinhood Chain.
Projects can use fees to buy back their own coin and add it to a reward pool for stakers of that coin.
Buy back fees.
Share with stakers.
Quiver is live on testnet now.
We created testnet $TENOV and airdropped it to our early holders.
DM me if you want testnet coins to try it.
Let’s make staking great again.
Quiver: https://t.co/UeeGCoVVAv
Testnet Faucet: https://t.co/wgoS3xLX8T
1/ Introducing the $TENOV staking pools.
We’re building a staking system where trading fees will be used to buy back $TENOV from the market.
The bought back $TENOV will then be added to the staking reward pool.
🧵
$HOOD: “I think in a couple of years, we're gonna look back and we will really have underestimated how big our international business can be.” – @VladTenev
1/ Introducing the $TENOV staking pools.
We’re building a staking system where trading fees will be used to buy back $TENOV from the market.
The bought back $TENOV will then be added to the staking reward pool.
🧵
7/ In simple words:
Trading fees buy back $TENOV.
Bought back $TENOV goes into the reward pool.
Stakers share the pool based on amount staked and time staked.