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.