I've uncovered the secret of Bittensor holders that's flying under the radar.
Discover the hidden gem of the $TAO ecosystem for massive benefits.
Let's maximize your holdings with just a few clicks π§΅β¬οΈ
Discover the hidden gem of the $TAO ecosystem for massive benefits.
Let's maximize your holdings with just a few clicks π§΅β¬οΈ
β’ Bittensor is envisioning a future where the growing number of machine learning models work together to create a collaborative neural network.
This groundbreaking approach could lead to a network where models cooperate to understand data and provide insightful answers.
The network is expanding daily, drawing in more builders and users to the ecosystem.
This groundbreaking approach could lead to a network where models cooperate to understand data and provide insightful answers.
The network is expanding daily, drawing in more builders and users to the ecosystem.
Furthermore, prominent companies like @IBM, @Google, and @Microsoft are currently investigating the use of various models from the Bittensor Network for their projects.
β This method is proving to be more efficient than developing their own models and investing significant resources and funds into machine learning development.
β This method is proving to be more efficient than developing their own models and investing significant resources and funds into machine learning development.
However, for $TAO holders, DeFi infrastructure is crucial not only for generating returns but also for maximizing them.
That's why I discovered @HatomProtocol while looking for an ideal solution.
Recently, they introduced some new developments:
β TAO Bridge
β TAO Liquid Staking
That's why I discovered @HatomProtocol while looking for an ideal solution.
Recently, they introduced some new developments:
β TAO Bridge
β TAO Liquid Staking
Hatom Protocol serves as a key liquidity hub within MultiversX blockchain ecosystem.
Essentially, @HatomProtocol can be seen as a blend of @LidoFinance, @Aave, and @MakerDAO all in one place, albeit on a more modest scale at present.
β Nonetheless, as outlined in their roadmap, they are preparing for cross-chain growth, setting themselves up as direct rivals to these prominent, well-established protocols.
Essentially, @HatomProtocol can be seen as a blend of @LidoFinance, @Aave, and @MakerDAO all in one place, albeit on a more modest scale at present.
β Nonetheless, as outlined in their roadmap, they are preparing for cross-chain growth, setting themselves up as direct rivals to these prominent, well-established protocols.
β’ Now back to the main point: Integrating $TAO into the ecosystem
Hatom introduced their TAO Bridge and TAO Liquid Staking features on the MultiversX platform.
Moreover, they integrated $wTAO into their lending protocol and established various liquidity pools with leading exchanges.
β By introducing these integrations, Hatom has recently pioneered the provision of a lending and borrowing solution for Bittensor.
β This development empowers $TAO holders to access liquidity through token bridging and taking out loans without the need to liquidate their $TAO holdings.
Hatom introduced their TAO Bridge and TAO Liquid Staking features on the MultiversX platform.
Moreover, they integrated $wTAO into their lending protocol and established various liquidity pools with leading exchanges.
β By introducing these integrations, Hatom has recently pioneered the provision of a lending and borrowing solution for Bittensor.
β This development empowers $TAO holders to access liquidity through token bridging and taking out loans without the need to liquidate their $TAO holdings.
β Liquid Staking
After bridging $TAO from Bittensor, users will obtain $wTAO on the MultiversX platform.
For those interested in Liquid Staking, they can stake $wTAO for $swTAO, a Liquid Staked Token.
With Liquid Staking, users can earn staking rewards while keeping their tokens accessible.
You're probably familiar with ETH LST, like $rETH or $stETH. By staking in these protocols, you receive liquid ETH that can be utilized within the ecosystem.
β It's a similar concept here.
After bridging $TAO from Bittensor, users will obtain $wTAO on the MultiversX platform.
For those interested in Liquid Staking, they can stake $wTAO for $swTAO, a Liquid Staked Token.
With Liquid Staking, users can earn staking rewards while keeping their tokens accessible.
You're probably familiar with ETH LST, like $rETH or $stETH. By staking in these protocols, you receive liquid ETH that can be utilized within the ecosystem.
β It's a similar concept here.
Upon receiving $swTAO, users can utilize it within the lending protocol to unlock additional rewards.
Alternatively, they may also explore opportunities to integrate it into various DeFi dApps within the ecosystem that support $TAO.
Alternatively, they may also explore opportunities to integrate it into various DeFi dApps within the ecosystem that support $TAO.
β’ Here's a simple and risk-free strategy to achieve up to 30% APY:
You have two options:
β Provide $wTAO to Hatom Lending
β Stake $wTAO to get $swTAO and provide $swTAO to Hatom Lending
You have two options:
β Provide $wTAO to Hatom Lending
β Stake $wTAO to get $swTAO and provide $swTAO to Hatom Lending
β For those aiming to maximize their returns, numerous strategies can be put into practice.
Exploring this subject deserves a dedicated discussion.
If you're interested in discovering other methods to generate rewards, check out their latest post:
Exploring this subject deserves a dedicated discussion.
If you're interested in discovering other methods to generate rewards, check out their latest post:
https://twitter.com/HatomProtocol/status/1780649089958343118
β’ Of course, bridges, staking.... The question of safety immediately arises.
Safety is the primary concern, and Hatom, as industry leaders, have successfully completed over 20 audits on all their products.
- Penetration Test and DevSecOps audits with @CertiK
- TAO Bridge audit with @arda_project & @rv_inc
- TAO Liquid Staking audit with @arda_project & @rv_inc
These audits are publicly available and shared in their documentation section.
Safety is the primary concern, and Hatom, as industry leaders, have successfully completed over 20 audits on all their products.
- Penetration Test and DevSecOps audits with @CertiK
- TAO Bridge audit with @arda_project & @rv_inc
- TAO Liquid Staking audit with @arda_project & @rv_inc
These audits are publicly available and shared in their documentation section.
β’ How to Bridge
Essentially nothing complicated, TAO Bridge works like a standard cross-chain bridge, like between Ethereum x Solana.
β Deposit $TAO to your wallet (for ex. @subwalletapp)
β Deposit some $EGLD to MultiversX Wallet
β Go to the website
β Connect both wallets
β Enter the amount of TAO
β Click "Bridge"
β Sign transactionsapp.hatom.com/bridge/multiveβ¦
Essentially nothing complicated, TAO Bridge works like a standard cross-chain bridge, like between Ethereum x Solana.
β Deposit $TAO to your wallet (for ex. @subwalletapp)
β Deposit some $EGLD to MultiversX Wallet
β Go to the website
β Connect both wallets
β Enter the amount of TAO
β Click "Bridge"
β Sign transactionsapp.hatom.com/bridge/multiveβ¦
β’ How to Stake
Liquid Staking, as mentioned earlier, enables you to earn without locking your liquidity.
β Go to the website
β Connect wallet
β Pick $swTAO or $hswTAO
β Enter the amount
β Stake!
β And you've already started earning 15%-23% APY, depending on the asset you've selected.app.hatom.com/liquid/tao
Liquid Staking, as mentioned earlier, enables you to earn without locking your liquidity.
β Go to the website
β Connect wallet
β Pick $swTAO or $hswTAO
β Enter the amount
β Stake!
β And you've already started earning 15%-23% APY, depending on the asset you've selected.app.hatom.com/liquid/tao
β’ Lending Protocol
Hatom Protocol is the first protocol to provide lending and borrowing solutions for $TAO holders.
β Go to the website
β Connect wallet
β Supply $swTAO or $hswTAO
β Enter the amount
β Sign the transaction app.hatom.com/lend
Hatom Protocol is the first protocol to provide lending and borrowing solutions for $TAO holders.
β Go to the website
β Connect wallet
β Supply $swTAO or $hswTAO
β Enter the amount
β Sign the transaction app.hatom.com/lend
β’ The yields on both $wTAO and $swTAO via the Lending Protocol are highly attractive.
This is made possible by the incentives provided by Hatom in the initial months, totaling $1 million paid directly in $USDC.
Wondering how you can take advantage of these incentives?
Here's a quick tip β©
This is made possible by the incentives provided by Hatom in the initial months, totaling $1 million paid directly in $USDC.
Wondering how you can take advantage of these incentives?
Here's a quick tip β©
Currently, the borrowing rate for $wTAO is ~15%, but you can potentially earn up to 30% on the same $wTAO.
β Deposit $wTAO, activate it as collateral, borrow $wTAO, and then deposit it back into the Lending Protocol.
β This strategy allows you to generate profits without any additional deposits.
β Repeat this process to increase the APY, potentially reaching up to 100%.
β Deposit $wTAO, activate it as collateral, borrow $wTAO, and then deposit it back into the Lending Protocol.
β This strategy allows you to generate profits without any additional deposits.
β Repeat this process to increase the APY, potentially reaching up to 100%.
It's exciting to witness $TAO seamlessly integrating with an increasing number of blockchains and revolutionizing DeFi by providing the framework to yield profits from our holdings.
Given Bittensor's leading position in the AI sector, it's evident that the desire for DeFi solutions will remain strong.
Given Bittensor's leading position in the AI sector, it's evident that the desire for DeFi solutions will remain strong.
I hope you've found this thread helpful.
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
Follow me @wacy_time1 for more.
Like/Repost the quote below if you can:
https://twitter.com/wacy_time1/status/1783076064475971997
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
