@TensorUSD#TUSDT Price Oracle Contract is now live
Delivering reliable pricing across:
• Vaults
• Auctions
• ERC-20 operations
🔗 GitHub: https://t.co/EzlxTLrike
Contracts Progress:
With this release, our core architecture continues to take shape. The following 4 components have now been successfully deployed:
• TUSDT Auction Contract
• TUSDT ERC-20 Contract
• TUSDT Vault Contract
• TUSDT Price Oracle Contract
What Next?: Mainnet launch after audits reports (announcement soon)
Major Upgrade Incoming:
Native TUSDT minting via 128 subnet alpha tokens along with full tusdt-cli version.
🙏 Thanks to the community @TensorUSD moving closer to a fully decentralized onchain native stablecoin for the @bittensor.
#TensorUSD #TUSDT #Bittensor #TAO #DeFi #Stablecoin #MainnetSoon #opentensor #web3
$TUSDT inherits Bittensor's speed and security because it is built as a Substrate pallet inside the runtime so every transaction runs at Bittensor's native speed with Bittensor's native security.
Did you know $TUSDT gets Bittensor's security for free by design?
What if every miner on Bittensor was directly strengthening the stablecoin you hold?
Most stablecoins are backed by assets sitting in a bank account somewhere.
$TUSDT is being built to be backed by Bittensor's economic activity itself.
SN113 subnet emissions are one of the sources aggregated inside the ABCV, the on-chain vault that holds everything backing circulating TUSDT. The more value the network generates the stronger the backing becomes.
That's what Bittensor-native actually means.
Do you think network activity is a better backing than a bank account? 👇
Here's an article by @taodaily_io on TensorUSD's transition to $DAO governance.
As we continue building the decentralized monetary layer for Bittensor community, ownership and governance are taking center stage. The article also covers the governance rules TensorUSD will operate under as a DAO.
Give it a read 👇
Bittensor has the intelligence layer. The subnet architecture, miners and validators.
The one thing it was missing was a native financial layer.
$TUSDT is that layer.
Does TUSDT feel like the missing piece of the @bittensor ecosystem to you? 👇
The primitive is proven. The ecosystem is ready.
Same mechanic but a new network with same potential.
Do you think $TUSDT can do for Bittensor what $DAI did for Ethereum? 👇
MakerDAO launched in 2017.
Lock $ETH and Mint $DAI. ETH stays in the vault. DAI is yours to use.
That one mechanic built the foundation of DeFi on Ethereum. Today, $6 billion locked in MakerDAO's vaults. Lending markets. Borrowing platforms. Yield products. All built on top of one CDP.
The CDP didn't just create $DAI.
It created the conditions for everything that came after on Ethereum. Every lending market. Every yield product. Every borrowing platform started with one CDP.
TensorUSD is being built to do the same for Bittensor.
In most $DAO, the top 10% of token holders control 76% of all voting power.
One large position and you can push anything through. The community watches. Nothing changes.
TensorUSD uses quadratic voting. $SN113 alpha holdings determine voting weight, but the relationship between holdings and influence is mathematically moderated. A whale carries more weight than a small holder. Just not overwhelmingly more.
The collective always has a meaningful counterweight to any single large position.
Do you think quadratic voting is fairer than proportional voting? 👇
Every SN113 miner competes to defend the TUSDT peg.
Better performance means better rewards. The competition itself makes the system stronger.
Do you think competition produces better outcomes than coordination in DeFi? 👇
Before any price reaches your $TUSDT vault on Bittensor it goes through the Oracle Security Module first.
One layer that checks everything.
Did you know most DeFi protocols skip this step entirely?
The ABCV sits on Bittensor and anyone in the community can read it whenever they want without asking anyone.
When did you last actually check what backs a stablecoin you were holding?
Mainnet means the first real $TAO goes into a real vault.
Real oracle pricing and mechanics.
Everything is in the whitepaper.
To learn more: https://t.co/gxl0JmXhbQ
Algorithmic stablecoins are backed by market confidence.
TUSDT is being built to be backed by real $TAO, locked in the ABCV at 150% CR.
The backing is there regardless of what the market thinks.
Did you know the difference between algorithmic and overcollateralized stablecoins? 👇
SN113 alpha holders are the genesis governance body for $TUSDT.
The people who believed earliest have the most influence over how the protocol develops.
Are you an early SN113 believer? 👇
Bittensor validators contribute to price feed quality on SN113.
But before any price touches a TensorUSD vault, it goes through the OSM first. Buffered. Validated. If something looks wrong, emergency oracles step in. Governance can pause the feed entirely.
The intelligence layer and the oracle layer work together. That's what Bittensor-native actually means.
Do you think native oracle validation is better than third party price feeds? 👇
TUSDT uses SN113 miners for market making.
Subnet emissions as collateral. SN113 alpha for governance.
Every core mechanic runs on Bittensor's native architecture.
You can't import that from another chain. You have to build it here.
Did you know $TUSDT only works because it was built specifically for Bittensor? 👇
Non-custodial in $TUSDT Launch Phase on Bittensor means the $TAO you lock as collateral is held by a smart contract that only you can interact with so no company no team and no other person can touch it.
Are you excited for the launch?
Most stablecoins send you a quarterly PDF.
By the time you read it, the numbers are 90 days old.
$TUSDT is being built so the backing is on Bittensor's chain. Readable by anyone. Right now.
Does real-time backing data change how you hold stablecoins? 👇