X @Bankless

Overview of TaoFi and Bittensor Integration - TaoFi bridges Bittensor to EVM liquidity, enabling direct swaps of USDC, ETH, or USDT for subnet tokens on Base [1] - This integration utilizes Bittensor EVM, which is Ethereum-compatible code within Bittensor [1] - TaoFi's suite includes a TAO-backed stablecoin, liquid staked sTAO, the TaoFi Bridge, and TaoFi Swap [3] Mechanics of Subnet Token Acquisition - Swapping USDC on Base for subnet tokens involves bridging USDC to Bittensor EVM, swapping for TAO via Uniswap v3, and staking TAO in the subnet to receive subnet tokens [2] - Subnet tokens are held in a Hyperlane-powered interchain account, which is a remote smart wallet controlled via MetaMask [2] - These are native tokens from existing Bittensor pools, preserving emissions and avoiding liquidity bootstrapping issues [2] Investment Opportunities and Yields - Buying subnet tokens offers an APR of approximately 60-90% from day one [3] - Providing liquidity to the Uniswap v3 pool on Bittensor EVM (ETH/Tether auto-convert) earns trading fees and SN10 rewards, initially around 650% APR [3] Strategic Implications and Market Positioning - Launching on Base is strategic due to Base's position as an active Ethereum-linked speculative arena, potentially injecting significant liquidity into the subnet market if AI demand rises [4] - This bridge could tightly link Bittensor's AI ecosystem with Ethereum's liquidity network, despite early-stage fees [4] Usage Instructions - To swap, users connect their wallet on Base to taofi (dot) com, choose USDC, ETH, or Tether, select the subnet token, and execute the swap, which takes 1-2 minutes with approximately $6 in ETH gas fees [5]