Tendermint Core Layer

Tncfourt's Tendermint Core Layer: Ensuring Robust Consensus

Overview of Tendermint Consensus Algorithm

Tncfourt leverages the Tendermint Consensus Algorithm to maintain its blockchain integrity and security. This advanced algorithm enables peer-to-peer connections among Validators, ensuring effective consensus on new block creations.

The Three-Round Consensus Process

Propose Round:

• A designated Validator is selected to propose a new block to the network.

Pre-Vote Round:

• Validators engage in a preliminary voting ("Pre-Vote") on the proposed block.

• Achieving consensus requires a minimum of two-thirds of the Validators' voting power.

Pre-Commit Round:

• Validators participate in a final round of voting.

• Successful consensus in this round leads to the commitment of the block.

Upon successful completion of these three rounds, the newly agreed-upon block is added to the blockchain, marked by a new block height and containing the latest transactions.

Slashing Mechanism for Validators

To ensure active and honest participation, Validators in Tncfourt's network are subject to a strict slashing mechanism for any breaches or negligent behaviors:

Double Signing Blocks:

• Validators found guilty of double signing blocks are penalized by having a specific percentage of their staked TNF tokens slashed.

Inadequate Participation:

• Validators failing to sign at least 50% of the last 100 blocks face a slashing of their staked tokens.

• Additionally, they are placed in a temporary "jail" period, barring them from further validation activities for a set duration.

Tncfourt's Liquid Vaults: Revolutionizing Liquidity in DeFi

Introduction to Liquid Vaults

Tncfourt's Liquid Vaults stand as a pioneering dApp within the Pinede ecosystem, designed to redefine liquidity management in the DeFi space. They bridge the gap in a traditionally segmented DeFi landscape, where exchanges, lending platforms, and derivative protocols often operate independently.

Core Functionality

The Liquid Vaults' primary objective is to enhance capital efficiency and open new avenues for DeFi strategies. This is accomplished through the utilization of Asset Backed Liquid Staking Derivatives (LSDs), which are fully supported by Tncfourt's Data Feeds.

Key Features

Optimization of Yield-Bearing Assets:

• Liquid Vaults significantly expand the utility of yield-bearing assets by offering them as collateral for a variety of DeFi operations.

• This innovation enables users to unlock the full potential of their assets in diverse financial activities like borrowing, lending, or amplifying yield in derivative markets.

Practical Applications

• Integration with Lending and Borrowing Protocols:

  • Users can leverage their Liquid Vaults as collateral in various lending and borrowing platforms. This integration allows for an expanded range of financial strategies and asset management options.

• Use in Derivatives Protocols:

  • Liquid Vaults can be deployed in derivative markets, offering users the opportunity to enhance their yield strategies and financial positioning.

Real-World Implementation

A live demonstration of Liquid Vaults' capabilities and integration within the DeFi ecosystem can be found at the conclusion of this section. This demonstration highlights the practicality and effectiveness of Liquid Vaults in real-time DeFi scenarios, showcasing their impact on liquidity optimization and capital utilization.