Taofi, a new Defi project in the Bittensor -Ecosystem, has increased a strategic financing round, led by DCG, with extra participation of Pantera Capital, Taostats, Lyrik Ventures and other strategic partners.
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Taofi will enable Taofi to build fundamental AI-driven Defi-Primitives on the Bittensor EVM, including the first Tao-stundled Stablecoin, a decentralized exchange and a liquid-set version of Tao.
“Taofi pioneers a critical next step in the evolution of bittensor, by integrating the integration of fundamental Defi infrastructure that unlocks new financial utilities for the dai network.”
Anna Bertha, investment leader at DCG
Anna continued: “We see Taofi as a catalyst to push the boundaries of what is possible on what we see as the leading hub for innovation in decentralized AI. The DCG team is delighted to support their efforts in bringing the next Gulf of Defi tools and liquidity solutions for the Bittensor -Ecosystem. “
About the coming products from Taofi
TAO USD: A overcollateral stablecoin that must be used on the Bittensor EVM, supported by a basket with Real-World assets and TAO.
Tao Swap: A Decentralized Exchange (DEX) on the Bittensor EVM, which offers decentralized and permissionless trade for Tao and other assets on the network.
Sttao: A liquid -built version of Tao on Bittensor EVM.
Taofi’s products are intended to merge the AI possibilities of Bittensor with Defi, causing Bittensor’s mission to create machine -intelligence that is owned by everyone.
“We are pleased to announce this strategic increase with partners in the Bittensor ecosystem,” said Sam Forman, founder of Taofi. “Their support underlines the potential for Taofi to bring Bittensor meaningful innovation. We look forward to using these funds to speed up the development of the critical Defi infrastructure and bring new functionality to Bittensor. “
