Draqoosha.base.eth
@draqoosha
🔥 DeFi is now open on Bittensor! 🚀 TaoFi ( https://x.com/_taofi_ ), an initiative to bring DeFi products to Bittensor, has launched a Hyperlane-powered stablecoin bridge that lets users deposit USDC on Ethereum to mint taoUSD, Bittensor’s first native stablecoin. 🧐 More info you can read here: - https://medium.com/hyperlane/accelerating-defi-on-bittensor-with-taousd-93bc723c742d (EN) - https://medium.com/@draqoosha/ускорение-defi-на-bittensor-с-помощью-taousd-5dd420867775 (RU) ⏩ You can now try the bridge: https://www.taofi.com/bridge - connect EVM wallet (Metamask, Rabby or other) - approve USDC for bridge (1) - send USDC to Bittensor (2)
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Draqoosha.base.eth
@draqoosha
- after successful transaction confirmation you need wait about 3-5 minutes (3) while tokens taoUSD will be minted in Bittensor EVM chain!
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Draqoosha.base.eth
@draqoosha
- If all is well, you will see tokens taoUSD on your balance and a green check mark (4). 🧐 P.S. For bridge back you need have TAO tokens in your Bittensor EVM balance for gas pay, you can: - withdraw TAO from CEX - send TAO via https://bridge.bittensor.com/ to your EVM wallet ⏩ Expansion.
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