# rsTAO
## What is rsWTAO? rsTAO serves as a rebasing utility token with transferability, embodying an equity interest in the aggregate WTAO staked via the protocol, which encompasses both user-contributed funds and accrued staking rewards. As rsTAO is subject to daily rebasing, it dynamically adjusts to represent a user's proportional interest based on the daily allocation. ## How much would I earn with $rsTAO? In turn, those who are willing to stake their $TAO on Bittensor network should look forward to having a good Annual Percentage Yield (APY) of 17.85%. However, we must take into account that there is 10% fee at protocol level on this network. As stated before the effective net APY return our investors commonly view after taking out this fee will be about 15%. Even at this adjusted figure, it remains a significant return on investment demonstrating the profitability of staking within the Bittensor ecosystem.

TAO Halving Dates ref: https://taostats.io/tokenomics/

There are a lot of benefits anticipated for holders of $rsTAO tokens not only from the utility and governance aspects but also through potential increase in the value of $WTAO itself. In order to become a scarcer asset over time, like the well-known cryptocurrency, Bitcoin, $WTAO has been deliberately engineered with “halving events.” These events entail controlled reduction in the production rate of new $WTAO coins being created and released into circulation that cuts supply by half at fixed intervals. This is done to curb inflation as well as to imitate the scarcity-induced appreciation witnessed with precious metals including gold. It is expected that as less $WTAO gets available alongside growing demand its intrinsic value will grow leading to increased capital gains for investors holding $rsTAO. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.rivusdao.xyz/liquid-staking-derivative-for-tao/rstao.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.