DeGate Wallet
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DeGate Wallet
@DeGateWallet
The easy way to earn on blockchains - say goodbye to bridging and gas fees. 100% non-custodial.


Hopped on calls w/ subnet owners + operators on Bittensor the past week Everyone is hopeful & bullish I noticed 2 interesting trends 1. The TAO Ouroboros (h/t @mikecontango) Despite subnets competing with each other for emissions, there's a trend of collaboration (i.e. subnets partnering with each other for services). For compute, inference, or any other products/APIs. One subnet revenue becomes other subnets COGS, and other subnets COGS become others revenue, forming a Ouroboros loop. TAO stays within the system, Bittensor becomes an end-to-end ecosystem where all types of resources can be purchased and circulated. This reminds me of the AI circle jerking/AI Ouroboros deals that happened between Nvidia, OpenAI, Intel, AMD, xAI, etc. Helps props up the entire eco. Great for anyone that's part of the circle (although sustainability is the key question) 2. Defi on TAO Defi building blocks are coming to Bittensor, starting with perps. Bittensor has been good at AI but bad at fostering Defi primitives. Defi is essential to building a solid foundation especially with perps. Perps enables downside hedging without selling — short perps long spot on alpha tokens. Users keep their spot token while earning yields/funding rate. Subnets avoid further sell pressure. Miners/Validators are able to hedge their downside while holding their spot alpha tokens without selling. Bittensor will be able to attract liq funds, MMs, LPs with dry powder who hate unhedgeable risk, to buy into alpha tokens. The end result for subnets = deeper books/better liquidity/less slippage. Thus, kickstarting the flywheel Perps bring institutions + capital → higher TVL & volume → better price discovery for subnets → deeper liquidity attracts more participants → CEX listing became easier → flywheel continues Heard some Bittensor folks are against Defi primitives. I think it's what Bittensor needs right now to scale out of the current circle. Exciting times ahead. Article deep dives into subnets coming out this week. Stay tuned!

















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