Almost 1,000 unique visitors on Mentat Lend since launch.
The product is growing, with more and more lenders and borrowers using it.
New markets are on the way.
The main one is smart contract risk. Here is how we keep it as low as possible:
Design.
Mentat Lend derives from Morpho, the lending architecture securing billions on Ethereum. Its core contracts have never been exploited.
Audit.
Two audit rounds with @burraSec. Findings and fixes are public in our documentation, all closed before launch.
And now @bitsecai runs continuous audits on Mentat Lend.
Security is our first priority.
100 bittensor:native. Two different APYs: 6% (root) vs 12% (often on Mentat Lend)
Small percentages make big differences.
The best APY on your TAO is waiting.
Already +$100,000 TVL on @MentatLend_
446 TAO supplied by lenders.
6,749 @webuildscore alpha posted as collateral, still earning emissions.
104 TAO borrowed at floating market rates.
Bittensor prices intelligence, but not capital.
Every financial system runs on three primitives: equity, spot, credit. Bittensor fused the first two into a single pool. The third never existed.
@MentatLend_ is that missing layer.
Borrow TAO against your alpha. It stays staked, keeps earning emissions, and you get liquidity to build.
Selling stops being the price of operating.
Bittensor has staking and emissions.
What it did not have until now is a proper credit market.
Mentat Lend is the first lending market built for Bittensor subnet tokens. Here’s a clear breakdown of what it actually does. 🧵
@MentatLend_@bittensor
Get TAO against your alpha. Without selling a single token.
Your position stays staked, your emissions keep flowing on the entire collateral, and you walk away with liquid TAO.
262 TAO are available to borrow right now against your @webuildscore (SN44) tokens.
Selling is no longer an obligation for builders.
Lending markets are as old as civilization.
For 5,000 years, one number has priced trust between people: the interest rate.
Bittensor never had one. Now it does. https://t.co/XB50nUVfB5
Shizzy walks you through lending on Bittensor.
Common DeFi stuff, sure -- but it has never been available natively on Bittensor -- until now.
Subnet tokens can be locked as collateral for $TAO loans.
Liquidity for subnet operators just opened up.
@Donaxbt@AlphaWolfPRMR To secure the protocol as much as possible, we went through a full audit with Burra Security, with findings and fix commits publicly available. Complete details are in our docs 🙏
In this episode of Shizzy Unchained, we’re putting @MentatLend_ to the test and showing exactly how borrowing against Bittensor subnet tokens works.
We start with SCORE, Subnet 44, and walk through the full process of using SCORE as collateral to borrow TAO without selling the underlying subnet position. Then we reverse the entire process, repay the borrowed TAO, and show what happens to the collateral.
If you’ve been wondering how @mentatminds Lend works, what borrowing against subnet Alpha actually looks like, or how this new Bittensor DeFi primitive could change the way subnet holders manage liquidity, this episode breaks it down step by step.
**CHAPTERS**
00:00:00 – Shizzy’s Monologue
00:01:12 – Intro Song
00:01:37 – Check Out Shiz University
00:03:00 – Getting Started With Mentat Lend
00:03:45 – Borrowing Against Our SCORE
00:08:00 – Repaying the TAO & Reversing the Process
bittensor:native
"You need to build solid tools and solid infrastructure to help people build" @AntoinePlancho3@MentatLend_ pod coming up, anybody wanted to know more about the the new lending platform will get those questions answered here!!!! $TAO