What is Wrapped Staked TAO

Wrapped Staked TAO (wstTAO) is a liquid staking solution for Bittensor's native currency TAO. As opposed to TAO, wstTAO is native to Ethereum and many of Ethereum L2s. This enables DeFi capabilities such as DEX swapping while preserving TAO staking rewards for wstTAO holders.

wstTAO accrues rewards through running an active delegation strategy which delegates to the largest validators in various subnets.

Buying wstTAO

Don't have WTAO or TAO to start with? The easiest way to get exposure to Bittensor and its exciting rewards is to buy wstTAO on curve.fi or 1inch.

How it works?

1. To begin, deposit your WTAO or TAO tokens into the mint to get wrapped staked tokens (wstTAO), which increase in value over time in relation to staking rewards.The protocol automatically stakes your TAO across many validators in various subnets according to our delegation strategy to balance between decentralization and profitability.

2. Then, use your staked tokens (wstTAO) in decentralized finance applications to increase your rewards. For instance, use your wstTAO to provide liquidity on curve.fi. Whenever someone swaps for wstTAO on a Curve, you receive a share of the swap fees.