Without new liquidity entering $TAO, capital is just moving between root and alpha. The result is that sum of alpha falls whenever $TAO price increases.
The impact of @_taofi_ & SN10’s onramps will be felt when you start seeing $TAO price and sum of alpha increase simultaneously
I've been getting lots of questions about how SN10 & @_taofi_ are building wrapped alpha. So I think it's worth clarifying that we are not building wrapped alpha. Here's why.
Let's say you want to support the top 20 subnets on 3 chains with $10m liquidity. This requires 60 new
I should mention that you’ll also be able to buy alpha tokens from Ethereum and Base, among other chains (any recommendations?). Powered by Sturdy SN10 and @_taofi_.
It's been less than a week since SN10 started incentivizing $TAO liquidity on @_taofi_, and the pool is already much more liquid. Last week, the price impact of buying 100 $TAO was ~12%; now it's under 3%.
I suspect we'll get to <0.5% by the end of the month.
Thrilled to be building something new at the intersection of AI and crypto, and to have the support of so many great investors.
I've been working on decentralized AI for 8 years now; I published a paper in an IEEE journal on the subject in high school (ieeexplore.ieee.org/document/85522…),
Introducing TaoFi: the financial layer for decentralized AI, built on Bittensor.
We're excited to share that TaoFi has raised a strategic funding round led by DCG alongside Pantera, taostats, Lyrik, and others.
Here’s how TaoFi is bringing the next billion agents on-chain:
It's been less than a week since SN10 started incentivizing $TAO liquidity on @_taofi_, and the pool is already much more liquid. Last week, the price impact of buying 100 $TAO was ~12%; now it's under 3%.
I suspect we'll get to <0.5% by the end of the month.
No wrapped tokens.
I can’t share the exact mechanism publicly just yet, but we’re using an architecture that’s entirely trustless and non-custodial. Only you will have access to your alpha, whether you’ve purchased it from Ethereum, Solana, or elsewhere.
I assume this is directed at me. Rest assured, all alpha token swaps will continue to flow through native $TAO, regardless of whether they’re purchased with $SOL, $ETH, etc.
I should mention that you’ll also be able to buy alpha tokens from Ethereum and Base, among other chains (any recommendations?). Powered by Sturdy SN10 and @_taofi_.
