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Tezos has been getting a bit lively recently. A publicly listed company called TenX made a move — in the first two to three weeks of January, they spent $3.25 million to buy 5.5 million XTZ, with an average cost of $0.5868 per token. This move attracted quite a bit of attention, especially regarding their subsequent staking plans.
TenX's plan is very clear: to set up their own validation nodes and earn an annualized return of 8%-10% through staking XTZ. This return looks steady but not aggressive, and will be directly reflected in their financial reports. More interestingly, the Tezos Foundation also followed suit — they plan to delegate some XTZ to TenX's nodes for staking after completing due diligence. This creates an institutional staking alliance.
Some people are concerned about governance rights, but TenX clarified this: staking cooperation is just staking cooperation; governance rights and profit rights are separate. TenX will independently participate in Tezos protocol governance decisions, including voting rights for network upgrades. This distinction also signals to the Tezos ecosystem — the staking ecosystem can be well-regulated, and institutional participation does not necessarily mean concentration of power.
Institutions are pooling together for staking, it feels like the ecosystem is about to come alive
8-10% returns, stable but not very imaginative... but it's pretty interesting to see cash flow in the financial reports
The key is that governance rights haven't been hijacked, that's the real deal
Institutions are pooling together for staking, Tezos is finally showing some progress
An 8-10% return is considered stable, and the financial report looks really good
The key is that governance rights are separated, I give full marks for this move
Institutions are pooling together for staking, it seems Tezos is finally showing some signs of progress
8-10% annualized... if you call it stable, then it’s stable, but can Tezos withstand it?
Splitting governance rights sounds good in theory, but I wonder how it works in practice
So the foundation is also involved? That makes it more interesting
Relying on these institutions to maintain the ecosystem, are you really at ease...
This move is definitely more practical than all the previous pump-and-dump altcoins
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3.25 million USD invested, an average of 0.58 at this price level is pretty good, steady gains of 8-10%, I like this non-aggressive approach.
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Splitting governance rights is well said, otherwise it would truly become a power game.
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The Tezos Foundation's follow-up is a good sign, indicating that the ecosystem is indeed picking up.
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Wait, TenX relies on staking for financial report gains? This is a legitimate income.
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A single hand of 550,000 XTZ taken away, that’s really bold.
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The key is that TenX made it clear: staking is just staking, don’t overthink it.
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Institutions banding together, the Tezos ecosystem is stable.
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An annualized 8-10% may sound unexciting, but for a listed company's financial report, it’s very attractive.
Institutions are pooling together for staking. This feels like setting an example for the crypto community—standardized operations, transparent governance—could actually earn trust? Quite interesting.