# WAGYU Tokenomic Details - Tenderize's Liquid Staking Utility/Governance Token

**URL:** <https://forum.thegraph.com/t/wagyu-tokenomic-details-tenderizes-liquid-staking-utility-governance-token/4450>\
**Category:** Community & Grants\
**Created:** [August 25, 2023, 4:37am UTC](https://forum.thegraph.com/t/wagyu-tokenomic-details-tenderizes-liquid-staking-utility-governance-token/4450 "2023-08-25T04:37:14Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![nigel\_tenderize](https://avatars.discourse-cdn.com/v4/letter/n/439d5e/32.png) [@nigel\_tenderize](https://forum.thegraph.com/u/nigel_tenderize)\
**Post date:** [August 25, 2023, 4:37am UTC](https://forum.thegraph.com/t/wagyu-tokenomic-details-tenderizes-liquid-staking-utility-governance-token/4450/1 "2023-08-25T04:37:14Z")

</div>

Hey guys,

[Posted on here a couple weeks ago regarding the announcement of Tenderize V2](https://forum.thegraph.com/t/tenderize-v2-decentralized-liquid-staking-for-graph/4392/3) and just wanted to follow up with the announcement of the token tying the entire ecosystem together: WAGYU.

If this is your first time seeing Tenderize, here’s a quick TLDR:

- Tenderize is a liquid staking platform available for GRT, MATIC, LPT, and later ETH/BNB.
- V1 was different as we focused on allowing stakers to mint individual, delegator-specific LST’s (so instead of just Tenderize ETH/ tETH we have tETH1, tETH2, tETH3, etc. to represent each validator).
- V2 builds on this by building a liquid staking-specific DEX and other products for a liquid staking ecosystem.
- WAGYU, our token, aligns incentives and is key to a flywheel that always pushes for deeper and cheaper liquidity.

Twitter thread containing high level explanation as well as link to full blog piece is here: [https://twitter.com/tenderize\_me/status/1694382175632724198?s=20](https://twitter.com/tenderize_me/status/1694382175632724198?s=20)

thank you graphtronauts 🙂