jakiro
Author: Arjun CHAND, Bankless; Compilation: Tao Zhu, Bitchain Vision Realm
Artificial intelligence X cryptocurrency is a topic of people talking about.This is one of the hottest investment themes in this bull market.
Bittensor (TAO) is one of the leading projects in the field of artificial intelligence in terms of market value or thinking share.But recently, the practicality of the encrypted Twitter has caused some sensation, and some people even call it “steam software” and meaningless decentralized behavior.
However, hey, each coin always has two noodles.Although critics have always expressed doubt about Bittersor and its design, we are paying attention to the bright side today.
Many cool things happened in the Bittersor ecosystem.We will focus on the most impressive subnet and take a lookDefi project growing with Bittersor and Tao.
Bittersor profile
Bittensor aims to be democratized by creating an open P2P market, allowing people to share and use machine learning models, so that the process of building artificial intelligence -driven use cases.
The key idea behind Bittensor is that it forms an interconnected machine intelligent neural network.Anyone can use this network and build a subnet. These subnets use this collective intelligence to support special protocols for various artificial intelligence projects.
At present, there are 32 subnets in the Bittensor ecosystem, and each subnet focuses on a unique case.Think about the application of the application to text, image generation, artificial intelligence -driven search engine, advanced trading strategy, and even minimize large -scale language models (LLM) for other cases.The possibility is endless.
For example, some insights in this article come from Corcel, which is a user -friendly tool for Subnet 18 (also known as Cortex.t subnet) in the Bittensor ecosystem.Its features are similar to ChatGPT, but it uses the collective wisdom of the Bittensor network machine learning model to provide the best response for user inquiry.
Now, let’s take a look at some outstanding subnets and functions in the Bittersor ecosystem:
Subnet 6 -System fine -tuning
Subnet 6 is operated by the famous Nous Research team and stands out in the Bittersor ecosystem.The sub -network uses Corcel’s synthetic data from Subnet 18 to fine -tune large language models (LLM).
Each miner in Subnet 6 obtains the same comprehensive data every day and use it to fine -tune LLM to obtain specific results.They use their own strategies and technology to achieve the best performance on these data.
The key competition element lies in TAO rewards.Miners with low “head -to -head loss” (which means that they make less mistakes) can get more TAO rewards.This inspires everyone to do their best to continue to improve their models in order to reach the list of fine -tuning subnets.
This method of using new synthetic data to train miningers is to improve the traditional method of relying on static data sets, because changing synthetic data forces miningers to continue to adapt and learn, so that they can better adapt to the real world scenesEssence
Subnet 8 -Self -employed trading network
Subnet 8 is called a self -operated trading network (PTN) by oAoshi. It is a competitive playground. Top algorithm traders deploy quantitative models to analyze the market and predict the price changes in assets such as BTC and TAO.The best algorithm has won rewards in TAO based on its profitability.
Miners who provide valuable transaction signals will receive TAO rewards. Vermitters will receive 100%income from transaction signal sales, while users can obtain insights that help them win the market.
The fact that SN8 generates income is an important milestone for the Bittensor community, indicating that it can establish a feasible business on Bittersor.This signal can attract new talents, users, miners and verifications, and promote the growth and development of the entire ecosystem.
Ziwang registered on Bittensor recently
With the continuous improvement of Bittensor’s popularity, the reputable team in the entire ecosystem has registered its own subnet on Bittersor.Example worth noting include:
-
Subnet 3, MyShell TTS -Demonstrate is committed to achieving democratic visits to the top -level text transfer voice (TTS) model.
-
Subnet 5Open Kaito -Kaito is committed to generally accessing Web3 information, which aims to eliminate obstacles, promote collective efforts to organize and explain the massive data of Web3.
-
Subnet 30, Womboai -Wombo’s location, Wombo is a very popular application (more than 100 million downloads). It enhances creativity through AI and transforms simple ideas into animation pictures or generates art from a few sentences.
In addition, there are more than 200 sub -nets in the test network waiting to register on the main network, and each subnet has unique goals and reward structures.
Since the current number of subnets of the Bittensor ecosystem is 32, the competition is very fierce. After a week of competition, the lowest performance subnet will be replaced by new subnets.As more and more projects compete for the construction of subnets above Bittensor, this competition will only intensify.Look at the changes in the sub -network pattern in the next few quarters will be very interesting.
After understanding the subnet on Bittensor, let’s enter the next part of this article -the Bittensor Defi ecosystem.
Bittensor’s DEFI ecosystem
The Bittersor Defi ecosystem is formed in real time.Just six months ago, it did not exist, but now it already has more than ten applications, providing financial products centered on Bittensor and its native currency TAO.
Let’s take a look at some of these applications:
Tensorplex stake (sttao)
Tensorplex provides a product series focusing on decentralized artificial intelligence and is built on the network such as Bittensor.As active participants of the Bittersor ecosystem, they provide a series of services, including Tensorplex Stream, which provides artificial intelligence -generated abstracts for podcasts, Twitter space and news articles.In addition, they are active miners on Bittensor Son.
One of their products Tensorplex Stake was launched on Ethereum in February 2024. Users can participate in pledge on the Bittersor network and earn benefits (currently more than 16%).
Its working principle is as follows:
-
Tensorplex Stake allows users to mortgage its WTAO and receive STTAO as a return.Sttao represents your pledged TAO and track pledge rewards.
-
The underlying WTAO is connected to the Bittensor network and pledged with the verifiede to obtain benefits.The income will be returned to users on Ethereum.
This method provides a convenient way for users in Ethereum, allowing them to explore income opportunities through TAO without need to receive its asset bridge to Bittersor.
TAOPAD -build DEFI for TAO
TAIPAD is the first startup board that focuses on Bittersor, which aims to increase the value of TAO tokens and supports a wider range of Bittersor networks.
Taopad’s startup board enables new projects (especially those focusing on decentralized artificial intelligence) to start through token sales.
TAO is the basis of TAIPAD design. The following is how it uses TAO to generate practical procedures:
-
Reward system——Taopad allocates rewards to the holder in the form of WTAO.
-
Launchpad participation——Taopad Launchpad allows users to use WTAO to participate in the startup of new projects.This has created a use case for WTAO and promoted the development of the TAI ecosystem by introducing new projects.In order to participate in the start of the project on TAOPAD, investors allocate a part of its $ WTAO to the fund pool of the project.The more the number of WTAOs promised by the user, the more favorable the pricing of the new project token.
Taobank
TaoBank is a borrowing agreement based on Ethereum and Arbitrum.It uses WTAO as a mortgage to obtain a interest -free loan of $ TAOUSD. $ TAOUSD is a stable currency linked to the soft dollar, which aims to maintain low volatility.
For TAO holders, TaoBank provides the opportunity to release its holding asset liquidity without selling, which is a particularly attractive function during the bull market.This function allows DEFI strategies, such as cycle, and users can use their loans to obtain additional TAO.
Interestingly, TaoBank was hatched by Taopad. In fact, this was the first project to launch on its Launchpad.This is a good example of the two projects centered on Bittersor. It has created a new utility for TAO.
Tao accounting system (tas)
TAS is a protocol that introduces the token standard into the Bittensor network.
The first of the many experimental token standards they launched was the TAI Request for Comment (TRC-20), similar to the ERC-20 standards in the EVM ecosystem.The TRC-20 has established a unified rule for the creation, exchange and governance of the tokens on the Bittersor, and created a standardized method for anyone to launch TRC-20 tokens.
TAS runs as a distributed ledger system, recorded TRC-20 token balances, and stored on their recently registered Subnet 31.Soon, they plan to activate miners and verifications online to maintain the accuracy of these records.
Once TAS Zi is online, anyone can easily deploy and trade TRC-20 token on Bittersor.
At present, users can only participate by purchasing the $ TAS tokens and pledged them to earn benefits and benefit from the TAO emissions assigned to TAS subnet.
In addition, TAS also provided a bridge for users to convert WTAO on Ethereum into TTAO (TAS’s package TAO version), allowing them to transfer them to the Bittensor network or mortgage to obtain income.
RIVUSDAO -Tao’s liquidity pledge
RivusDao provides a tailor -made liquid pledge service for blockchain (including Bittersor) centered on AI.It introduced the liquidity pledge mechanism to TAO through $ RSO. Users can pledge it on Ethereum for the HST to obtain $ RSTAO to accumulate pledge rewards.
$ RSO’s vision is to integrate it into the DEFI application in the ecosystem.For example, RSTAO can be used as a AAVE and other borrowing platforms.
In addition, Rivusdao is developing a bridge to promote assets to transfer assets from the selected blockchain to Bittersor.
TAO involves Hyperliquid
Hyperliquid has become the leading permanent DEX, and has traded more than $ 100 billion since its launch.It provides an excellent user experience for traders on the chain and has become the preferred platform for many traders.
In February of this year, Hyperliquid expanded its product scope by listing $ Tao, providing users with a 5x leverage to build a long or short position on TAO.The increase in TAO’s transaction volume is added this time.
Multiversx ecosystem around TAO’s DEFI strategy
Last month, Hatom Labs launched several DEFI products around TAO in its MultiversX ecosystem, which aims to improve TAO’s practicality and integration with the DEFI platform.
The main DEFI function of TAO in the Multiversx ecosystem includes:
-
Mobilization——The users can pledge their WTAO and receive SWTAO so that they can earn benefits from pledged assets.
-
Borrow——WTAO and SWTAO can borrow in various markets.At present, the annual interest rates of tokens of WTAO and SWTAO are 45% and 36%, respectively, which is impressive.
-
LP on XexChange——The users can provide WTAO in the WTAO / EGLD liquidity pool on Xexchange.
-
LP on Ashswap——The users can provide WTAO in the WTAO / USDC liquidity pool on AshsWap.
Sturdy artificial intelligence DEFI subnet on Bittersor
Sturdy is a lending agreement on Ethereum and Mode. It operates as the currency market, has two layers of structures, and has an independent loan pair and aggregate gloss.These vascular aims to store multiple loan pairs, to maximize the rate of return and ensure the most preferential interest rate.
At present, the aggregate library relies on manual intervention or simple algorithm to determine the distribution of deposit. This method is both inefficient and concentrated.To solve these restrictions, Sturdy started a subnet on Bittersor.
On this subnet, miners can propose the best distribution strategies for the aggregate library and compete with each other to get TAO rewards.In this way, users can get a better rate, and the distribution process of the aggregation providers has become open and competitive.
Although this is not exactly similar to other DEFI opportunities in the list, it uses Bittersor to optimize its current product for other DEFI applications.In addition, applications can use Sturdy’s subnets to optimize their operation without building their own subnets on Bittersor.
Conclusion
The Bittersor ecosystem is experiencing a period of growth and evolution.The interest in seeking a good reputation for registered subnets has increased significantly, and users of applications such as Corcel are also increasing.
The DEFI territory in Bittersor is also expanding. Although it is still in its infancy, it is currently characterized by liquidity pledge, bridge, and some lending agreements.However, these are the basic modules of any ecosystem.
Obvious signs, increasing DEFI opportunities, and increasing interest in subnet registration indicate that Bittersor may be more than just steam software.
