RivusDAO - Bringing you liquid staking & unlocking
  • πŸ”²Welcome to Rivus DAO
  • 🌊Liquid Staking Derivative for TAO
    • Problem Statement
    • Solution
    • rsTAO
      • The Staking Process
      • Withdrawal Process
      • Claim Process
      • Automated Compound Staking Rewards
      • Protocol Fee
      • Dual Yield System
      • Validators
  • πŸŒ‰Multichain Bridge To TAO
  • πŸͺ™$RIVUS Token
    • πŸŒͺ️$RIVUS Tokenomics
  • πŸ—’οΈRivus Contracts
Powered by GitBook
On this page
  • What is rsWTAO?
  • How much would I earn with $rsTAO?
  1. Liquid Staking Derivative for TAO

rsTAO

PreviousSolutionNextThe Staking Process

Last updated 1 year ago

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.

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 β€œhalving 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.

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