TENPrice

(TENFI)

TEN Finance (TENFI) is a yield optimizer and decentralized finance (DeFi) aggregator built on the BNB Chain. Its primary function is to automate the process of yield farming by compounding rewards from various decentralized platforms. By using automated strategies, TEN simplifies the user experience, allowing participants to maximize their yield without manually harvesting and reinvesting rewards. This positioning makes it a comprehensive tool for those looking to optimize their assets within the DeFi ecosystem.

YIELDEX is a specialized product that allows users to gain exposure to multiple yield farms through a single deposit, facilitating easy diversification across various strategies. Liquid BNB Staking allows users to stake their BNB to earn rewards while receiving a liquid representative token. This ensures that users do not have to lock their capital away entirely; they can remain liquid and use the representative tokens in other decentralized protocols while their staked BNB continues to earn yield.

TENFI is the native utility token of the ecosystem, providing several key functions. It is used for governance, allowing holders to vote on platform proposals. Additionally, users can stake TENFI in a tiered system known as "TEN Lots" (comprising Gold, Silver, and Bronze tiers) to earn a share of the platform's revenue. The token is also used to provide boosted rewards for participants. The ecosystem incorporates various lock-up and burn mechanisms to manage the circulating supply effectively.

Due to a major contract upgrade, TEN Finance transitioned from V1 to V2 tokens. Users holding legacy V1 tokens must interact with the official migration interface to swap their assets for V2 tokens. It is crucial to use the correct V2 contract address for wallet integration and trading. Users should consult official community documentation regarding the migration ratio and any applicable deadlines to ensure their tokens are successfully updated for use in the current ecosystem.

TEN Finance expanded its ecosystem by launching LEND Finance, a dedicated lending protocol. The two projects are synergistic; while TENFI focuses on yield optimization, LEND handles decentralized borrowing and lending. This relationship often involves cross-protocol benefits, such as airdrops for TENFI holders who lock their tokens. This multi-product approach allows users to transition seamlessly between yield aggregation and lending services, providing a more comprehensive DeFi suite under the same development umbrella.

Trust and safety are addressed through rigorous smart contract audits conducted by established firms such as CertiK and PeckShield. These audits help ensure the platform is resilient against potential exploits. Regarding accessibility, the TENFI token can be traded on LBank and other major decentralized exchanges. Users are advised to verify the official V2 contract address before trading or adding the token to their wallets to ensure they are interacting with the correct version of the project.