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Teneo DAPP

Potential Risk
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What is Teneo DAPP?
Teneo is a sustainable incentive-backed ecosystem allowing holders to earn passively while opening new arbitrage opportunities for those who seek short-term gains. Teneo’s built-in automated market maker (AMM) allows investors to lock in their cryptocurrencies and mint an equal amount of tenXXX Tokens, which is pegged to the original token and can always be redeemed at the pegged price - minus a small transaction fee
Information
Type
Automated market maker
Blockchain
BSC
Currency
TEN
Platform
Windows, macOS
Publisher
Teneo DAPP team
Version
v2
FAQ
Every trader who survived a long period of crypto holding and/or trading knows the following situation:
One moment you look into your portfolio and are happy because of a great performance with multiple Xs — the next moment all profits are gone… -30%, -50% or even -90% is nothing unusual in the crypto space.
Teneo addresses this. Long term holders, as well as traders and other projects, are able to benefit from the extreme volatility of the crypto markets. The Teneo Project creates a Win-Win-Win situation for all these parties.
There are two kinds of tokens in the ecosystem:
The Teneo token, a reward token.
Different tenXXX tokens, e.g. tenWBTC, tenETH, ten…
Let’s start with tenXXX: A tenXXX is a pegged token like WBTC.
In this example we use ETH:
Every time someone locks an ETH, an Automated Market Maker (AMM) mints a tenETH token and in reverse, every time an ETH is unlocked a tenETH gets burned.
Therefore the exchange ratio of ETH:tenETH is nearly 1:1 at any time.
It is only “nearly” 1:1, because there are transaction fees. The whole system benefits from these fees. They are used to buy back Teneo and mainly are redistributed to the liquidity provider of the tenXXX token. But any other transaction fee will also be redistributed to every holder of the tenXXX token in the form of a tenXXX token. We call them reflows.
But why should someone make a transaction with this token that has a fee? Would people not just lock and hold until they want to cash out?
That’s where the ~1:1 ratio comes in. Liquidity pools of tenXXX are rewarded (and also gain reflows). That means there is an arbitrage possibility on every price change of the pegged token in any pool. And in contrast to other similar tokens, there is no possibility to drain wealth out of the system, because the token is pegged (1 tenETH is always worth 1 ETH minus the transaction fee).
This is visible in the chart WBTC:BTC. The price of WBTC is moving +1.2-1.8% to -0.6-1.2% around the BTC price (because of the ~1.2% lock/unlock fees). But every time ETH is moving 10% tenETH will also move ~10% and the gaps in the DEX liquidity pools will be filled by arbitrage traders.
Go on https://pancakeswap.finance/add
Click on 'Add Liquidity'

Choose BNB or DEI in the upper section (if you want add DEI, you also have to add DEI manually - address above) depending on what you want add
Click on 'Select a currency'

Here in the 'Select a token' window, you have to insert the ten-Token Address
All ten-Token addresses
Click on '(Add)'

Insert an amount
Click 'Approve' (may be buggy, see hint below)
Click 'Supply' and 'Confirm Supply'
Go to: https://app.deus.finance/stable/mint/
Make sure your MetaMask is connected with BSC chain
Choose Chain

1.1 Add BSC (if needed)

2. Approve BUSD

2.1 Approve on Meta Mask

3. Mint

3.1. Mint on Meta Mask
Requirements
A wallet
Gas fee (which should be of the chain you're bridging from, e.g. bridging from binance smart chain requires BNB as gas)
The amount you can bridge must be within the Current Bridgeable Range, which will be shown once the token is selected
Bridging is the process of moving a token from one chain to the other. not to be confused with swapping
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