TrustedStake Acquires TaoBank to Strengthen dTAO Staking Services

TrustedStake has acquired TaoBank as it prepares to launch a new staking service for dynamic TAO (dTAO). The acquisition positions TrustedStake at the forefront of the evolving Bittensor ecosystem, aiming to enhance delegation services and optimize staking strategies.

Strategic Move in the Bittensor Ecosystem

TaoBank, a lending protocol focused on unlocking liquidity for Bittensor token holders, has built a reputation for developing staking solutions. The platform enables holders of wTAO and other wrapped versions of TAO to earn staking rewards similar to native TAO holders. Additionally, TaoBank allows TAO holders to leverage their assets as collateral to mint its dollar-pegged stablecoin, taoUSD.

The acquisition by TrustedStake brings these services under a team with deep expertise in Bittensor’s staking mechanics. TrustedStake has been developing a non-custodial subnet allocator, designed to optimize staking returns while mitigating losses. With over 20 years of combined crypto experience, its team includes Bittensor developers and market strategists who aim to maximize rewards for token holders.

What This Means for TaoBank Users

Despite the acquisition, TaoBank assured users that its existing services would continue without disruption. The primary focus remains on delivering a seamless Delegate-as-a-Service (DaaS) platform, making it easier for investors to engage with dTAO staking.

TrustedStake had already been involved in powering TaoBank’s delegation service. Now, with full control, it intends to implement advanced risk management strategies and staking optimization tools to improve returns for TAO holders.

Positioning for the dTAO Era

As Bittensor moves toward a dynamic TAO model, TaoBank and TrustedStake are preparing to offer a comprehensive staking solution. dTAO introduces new subnet-specific delegating and validating rules, requiring platforms to adapt their strategies. TrustedStake’s expertise in algorithmic staking and risk-adjusted investment models could give users an advantage in navigating these changes.

The acquisition reflects broader efforts to enhance the staking landscape within the Bittensor network. TrustedStake’s approach emphasizes security, efficiency, and transparency, ensuring users retain full ownership and control over their assets. With this acquisition, TaoBank aims to solidify its role in the evolving Bittensor ecosystem while offering innovative solutions for TAO holders.