TaoBank Protocol Successfully Deployed on Subtensor—Bittensor Testnet!
The TaoBank community has been itching for an update. We've been quiet, but it hasn't been due to a lack of work. We're actively building DeFi on Bittensor natively. We have already deployed many contracts to Subtensor and due to our EVM experience will be one of the first teams out of the gate. We are incredibly excited for this opportunity.
For those who want receipts, here's a list of the 15+ contracts we've deployed on Subtensor so far, with more to come. (Link provided only for the first to minimize spam)
1. TBANK.sol - https://t.co/76arqOYOKT
2. MintableToken.sol
3. MintableTokenOwner.sol
4. TokenToPriceFeed.sol
5. SimpleOracleContract.sol
6. VaultExtraSettings.sol
7. VaultDeployer.sol
8. LiquidationRouter.sol
9. VaultBorrowRate.sol
10. VaultFactory.sol
11. StabilityPool.sol
12. AuctionManager.sol
13. LastResortLiquidation.sol
14. VaultFactoryZapper.sol
15. VaultFactoryHelper.sol
16. Stabilizer.sol
17. TBANKStaking.sol
Next Steps:
1. Finalize configuration of backend services
2. Finalize configuration frontend services (UI)
3. Select 5-10 community members to test the protocol by providing them with faucet tokens.
4. If successful, deploy on Mainnet and continue delivering value to the Bittensor ecosystem 💪
$TAO is just getting started this year and TaoBank will help you Unlock the Full Power of your TAO.
Why $TBANK is a true 💎 and we can see $10 easily:
Staking $TAO with $TBANK is not a necessity but is advantageous due to the unique features and opportunities $TBANK provides within the Bittensor ecosystem. Here's why using @taobnk to stake your $TAO can be beneficial:
Increased Liquidity and Yield Opportunities: $TBANK offers a lending protocol specifically designed for @bittensor_ holders, providing zero-interest loans by using $TAO as collateral. This means you can stake your $TAO and simultaneously leverage it for liquidity without selling your assets, thus retaining ownership while earning rewards. The platform's stablecoin, taoUSD, further facilitates this by allowing for seamless transactions within the ecosystem, enhancing the utility of your staked $TAO.
Optimized Staking: $TBANK introduces optimized staking solutions for $TAO, which can potentially yield higher returns compared to traditional staking methods. By staking through $TBANK, you participate in a system designed to maximize the potential of your $TAO, with features like revenue sharing that might not be available elsewhere.
Ecosystem Integration and Future Developments: $TBANK is deeply integrated into the Bittensor ecosystem, with plans for future expansions like Delegate-as-a-Service (DaaS) for $dTAO and other subnet-specific delegating rules. This integration ensures that your $TAO is not just staked but actively contributing to and benefiting from the ecosystem's growth. The approved smart contract by Bittensor for $TBANK adds a layer of trust and official recognition, potentially increasing the staking rewards or utility.
Governance and Community Engagement: $TBANK holders gain governance rights, allowing them to vote on the protocol's future and potentially influence decisions that could directly benefit $TAO stakers. This governance aspect can make staking more than just a yield-generating activity; it becomes a participatory one where you have a say in the ecosystem's direction.
Security and Transparency: The underlying blockchain technology ensures that transactions are secure and transparent. Staking through $TBANK leverages Ethereum's proof-of-stake consensus mechanism, which is known for its security benefits, reducing the risk associated with staking.
Good Morning ☀️
Thank you for the mention @bankless@cryptopunk7213
At timestamp 1:32:06 ...
"vvaifu is framework agnostic."
"We'll plug in your framework, and your framework. Our only goal is to help you launch the coolest agents!."
Agenda coming later today ❤️
We're integrated directly on @cookiedotfun 🥳
"vvaifu isn't just a launchpad. Launching on vvaifu is a growth hack for builders on Solana. 🪩"
@vvaifudotfun❤️🤝❤️ @cookiedotfun
@BlocksNThoughts@teachingcrypto
@CryptoKaduna
I am shilling you $TBANK right now before
things get silly. I know you all have a good eye for this kind of thing.
First ever zero interest lending protocol on $TAO deloyed
First DAAS for $dTAO about to drop
Blue chip 1bn+ larping 5m on ETH rn
Thank you for 40k followers ♥️
Complex, functional agents are coming to vvaifu real soon. 🤝
• Custom rules
• Management tool suite
• On chain actions
• $VVAIFU LP’s with fee sharing
Stay tuned. 💥
🔥 If you miss the opportunity to increase 30x with $AKT in 2023
You have a similar opportunity with an extremely potential gem at present.
That's $EDGE
I found my highest conviction for most multiples in the DePIN cloud computing story of this bull run - @edgenetwork | $EDGE
I am consistently amazed by its potential as the world’s first edge blockchain computing network, boasting 12+ decentralized cloud solutions.
Founded in 2013 (yes... 2013, guys haha), the narratives surrounding this network are compelling, especially regarding the #DePIN landscape and AI-driven technologies.
1️⃣ Why am I confident about 30x - 50x upside potential by the end of Q1 for $EDGE? What are the bullish catalysts?
▪️ L1 DePIN Network: Reinforcing resilience in blockchain nodes & decentralized computing.
▪️ Supercloud AI-Agentic Economy: Positioning Edge at the forefront of AI & GPU advancements.
▪️ Winning the "Best Edge Computing Platform" award at the Future Digital Awards solidifies its status, with notable attendees like Apple, Tesla, and Google.
▪️ No CEX listing yet, but sooner than you think
https://t.co/9tMkEQsdiB
2️⃣ The data is undeniable and quite hype-worthy:
▪️ 450+ active nodes and 100k+ in monthly B2B revenue showcase robust demand.
▪️ 75+ clients across 90+ countries illustrates broad market penetration.
▪️ Peculiarly, Edge generates revenue levels similar to Akash, a $1B FDV company, all while having significantly fewer product offerings (Please pay close attention to this).
With a mcap of $40M + FDV of only $60M + 75% of tokens in circulation
→ There's a strong discourse around massive growth potential here.
The unique burning mechanism not only counters inflation but creates a self-perpetuating deflationary cycle that fuels more interest among investors.
3️⃣ The 2024 roadmap excites me:
▪️ Edge PaaS: Offering lightning-fast website and application management.
▪️ Edge Marketplace: One-click blockchain hosting services.
▪️ Edge AI: Ready-to-use models with seamless API integration.
4️⃣ Statistics to note:
▪️ Generates over $100,000 in B2B revenue monthly.
▪️ Adoption by 100+ businesses, including "Monocle," one of the largest magazines globally.
▪️ Coverage in 60+ countries emphasizes its widespread influence.
5️⃣ The tokenomics reinforces this narrative, requiring all payments for services to be settled in EDGE (XE) on-chain, ensuring network loyalty.
Essential mechanisms like buybacks and burns also signal future deflationary dynamics, making the token an attractive proposition.
6️⃣ The team behind Edge is exceptionally experienced
[1] CEO — @josephdenne & COO — Will Lebens
Co-founders with expertise in computing, marketing, and technology since 1998
Serving clients from major Fortune 500 companies like P&G, Disney, Sony, and Coca-Cola.
Developers of a leading CMS used by top global brands.
[2] Project Director — Tim Ludlow
Former Production Director at Google Labs with extensive leadership experience
→ Accumulate as much $EDGE as possible.
7⃣ Consider stacking this gem before its initial CEX listing.
A mcap of $100M could lead to multiple CEX listings. And that is the premise for $EDGE to reach a higher target at MCap > $1B
Currently, after breaking out of the $0.65 - $1 price accumulation box, $EDGE is having a retest. It is a necessary correction for the sustainable growth of $EDGE and a good entry for you guys.
With the current influx of money into the Cryptocurrency Market, things will happen faster than you imagine. $EDGE will quickly grow at least 30x by the end of Q1. Buy, Wait and See
→ Buy here: https://t.co/3m1fYUs3bC
In summary, Edge Network offers an attractive investment opportunity that you can’t miss., integrating innovative technology, powerful narratives, and significant growth potential.
Been digging into $EDGE after @milesdeutscher dropped some amazing alpha on the project.
@edgenetwork
-Been around since 2013
-LOW 40M market cap
-Generates $1M+ in revenue per year
-Web3 version of AWS
-Continually building year after year
-Large breadth of services to large commercial clients
-Amazing price action lately
-Miles advising the team on marketing 👀
I am insanely bullish for $SYMM.
Symmio is the best investment but it ask to take some time, read the docs to understand why it is different from others.
It solves a true pb, how we can exchange risk, without counterparty risk and decentralized. The tokenomics is good, huge demand for the token with the tech progressing and more solvers/FE come.
🔥 $EDGE: One of the most undervalued giants I've ever seen:
- In the stock market, you have a reference system called "Real Revenue & Profit" to evaluate the value of stocks.
- $EDGE is seriously undervalued compared to other projects in the same field in terms of the most basic aspects of current and projected future revenue.
Great post from the legendary @RWAgemdigger that will help you understand $EDGE in detail 👇
I also have a post sharing my perspective on $EDGE today.