# Welcome to Rivus DAO Bringing You Liquid Staking & Unlocking Defi On The Bittensor Network
## What Is Rivus DAO? Rivus DAO is a cryptocurrency protocol that aims to unlock DeFi on AI protocols/ecosystems by offering LSD services to blockchains such as Bittensor. Like Lido Finance, Rivus DAO offers a liquid staking solution through rsTAO, in which users can earn staking rewards while staying on the Ethereum Network. Earning rewards on digital assets becomes quite accessible through liquid staking derivatives. There are many benefits of introducing a Liquid Staking Token (LST) for TAO such as it can be used as collateral in DeFi activities and at the same time earn stakes for it. In the future, rsTAO will become an acceptable collateral to lending/borrowing platforms like AAVE among other giants in the sector. ## Accessibility and Ease Liquid staking derivatives offer a significant advantage in the TAO ecosystem by streamlining the staking process. Users can avoid the complexities of running a private validator or the need to bridge assets for staking on the Bittensor network. Thanks to Rivus DAO, it's now possible to participate in TAO staking rewards seamlessly within the Ethereum network. #### # Liquid Staking Derivative for TAO Introducing Liquid Staking Token for TAO
## What is a Liquid Staking Derivative? Liquid Staking is a process where people can take part in the network’s security and consensus by staking assets and still have them liquid. Once users stake their digital possessions, they receive Liquid Staking Tokens (LSTs) representing their stakes. These tokens are tradeable, sellable or usable in other DeFi protocols as they are valued similarly. This enables users to unencumber liquidity of staked assets which would need to be unlocked when unstaked. # Problem Statement Those who want to gain financial benefits from investing in Bittensor's cryptocurrency, $TAO have to actively participate within the Bittensor Network. Therefore, one major step is to stake their digital holdings with a Certified Validator. This form of staking enhances both security and operability while at the same time entitles investors to earn rewards through yields. Rivus is developing innovative solutions that streamline this process, recognizing that many investors may find the staking process complex or time-consuming. In this regard, liquid staking programs introduced by Rivus are bound to overhaul the way rewards are received by enabling stakeholders to stake their holdings more flexibly. Through liquid staking, participants can receive staking incentives without locking up their assets for long durations thus enhancing liquidity and promoting better management of resources. In addition to streamlining the staking process, Rivus is also focusing on enhancing the overall user experience for those engaging with Bittensor $TAO network. This will include introducing bridging services to ensure smooth transfer of assets between distinct blockchain networks. These bridge services have been designed to ease friction and facilitate exchange and transfer thereby making it less cumbersome for users who conduct their investments through a variety of platforms. Through these initiatives, Rivus acts as a valuable ally of investors in the Bittensor ecosystem; providing tools and services that make participation easier and encourage network growth. The main objective is to create an environment where collecting rewards is easy and user-friendly like never before. # Solution Just try to think about earning TAO staking rewards while still staying within the Ethereum Network. This is made possible through the revolutionary concept of Liquid Staking Derivatives. Through rsTAO, users can earn staking rewards directly on the Ethereum network itself. No need to bridge your assets over to Bittensor or delegate your TAO—liquid staking merges the two realms and makes it seamless. # 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. # The Staking Process A crucial aspect of any Liquid Staking project is the staking process. For RivusDAO, the system is designed to be both efficient and secure.
Here’s a step-by-step breakdown of the procedure: 1. **Initiation**: Once a user stakes WTAO on RivusDAO — the WTAO is transferred from Ethereum to Bittensor via RivusBridge, and then paid into the reserves/validators of Rivus DAO. 2. **Calculation and Minting**: The amount of rsTAO to be given out by the contract is calculated using WTAO’s exchange rate, then rsTAO are minted and given to the user, as a tokenized representation of the staked WTAO coin. The Metamask account of the user will receive it. Every synthetic token listed as rsTAO in the platform ecosystem has an equal value with the original token, which in this case is WTAO. The reason behind this is ensuring that financial stability within this system remains intact. 1 rsTAO is fully backed by 1 WTAO. By maintaining a 1:1 collateral ratio Rivus ensures that it remains solvent all along avoiding liquidity crisis. Once you exchange WTAO for rsTAO, this smart contract starts generating rewards automatically. In other words, you’ll start getting rewards right away too! # Withdrawal Process
In Ethereum’s decentralized finance platform, users who have taken part in staking through WTAO tokens have two main ways of regaining access to their invested assets. They can start withdrawal directly on Ethereum network. This procedure shall be publicly announced at least one month in advance by Bittensor protocol guidelines. Unbonding periods also serve as security measures designed to maintain network strength and token liquidity. Alternatively, if you want to get your funds quickly without any delay, there is a second option. That means that the user needs to proceed with the token swapping process by using their staked WTAO also known as rsTAO. Other cryptocurrency exchanges like Uniswap that have listed and support for trading on WTAO can be used to swap through this procedure. This way they can bypass standard unbonding time and get instant liquidity allowing them withdraw at any time. The alternative of immediate liquidity is for those who prioritize flexibility as well as quick access to their digital properties. # Claim Process 1. **Claim** : Users can claim their WTAO after the batch and unbonding period have ended. 2. **Release**: The contract uses previously stored information to map each user’s address to the corresponding amount, then releases WTAO to the user. # Automated Compound Staking Rewards
Rivus DAO’s Liquid Staking Derivative smart contract has an Automated Compound Staking Rewards function in it which has been designed by experts. Through this innovation, all earnings are automatically re-invested thereby ensuring stakeholders enjoy uninterrupted compounding benefit. Regarded as the 7th wonder of modern financial world, compound interest remains one of the most foundational ideas within personal finance with a potential to grow portfolios of Rivus DAO members. This principle therefore acts as enabler for individuals to build wealth over time leading into retirements years. In addition, people who save their money in Rivus DAO can look forward to # Protocol Fee There is a fee of 10% on the staking rewards as it stands now. The node operators receive some of this fee as an appreciation for their work in running the network while, other part goes to the DAO’s Treasury for current activities and future projects funding. One thing to note is that the levies are not fixed and therefore changeable. RivusDAO operates on democratic principles where its community can participate in governance decisions. Any adjustment to the fee percentage must follow RivusDAO’s prescribed governance procedures. For this fee to be changed, there needs to be a proposal put forward, and a vote by all DAO members taken. In order for any amendment altering the structure of charges become ratified and implemented, it would require a successful poll where at least more than half of those casting their votes are in favor of such alteration. Allocation of Fees RivusDAO distributes its 10% reward payment charge among these portions: * **Node Operators**: A portion of the fee is distributed to the node operators to incentivize the maintenance and operation of the network * **DAO Treasury**: The remaining fee contributes to the DAO Treasury which supports the ongoing development and governance of the project. * **Operating Costs:** The fees generated will help RivusDAO operate throughout it's fiscal year. #### # Dual Yield System Dual Yield is when you earn more rewards in more than one currency. By using RivusDAO's liquid staking protocol, users are rewarded on a dual yield basis consisting of an APY for staked TAO + a bonus APY from $RIVUS. By allocating a small percentage of total supply for emissions and rewards, $RIVUS can exclude the necessity of minting in their process. By offering this, RivusDAO will give a competitive edge in terms of rewards. Example of APY rsTAO —- earns \~16% in TAO per year earns \~2% in RIVUS per year # Validators ## Who are RivusDao's validators and how many does RivusDAO have? RivusDAO, currently operating a single Validator node within the blockchain validation ecosystem, is actively participating. We are about to scale up our validation efforts and enhance them to ensure a robust and safe future. To validate broader network of users, we’ll need many more trusted and reputable verification validators whose performance has been top notch and also have shown reliability as the process requires. We carefully design our delegation strategy. Our objective is to distribute our stakes among several trusted partners instead of giving everything to one entity. To achieve this goal, we will consider only those that have managed to maintain good reputation in the industry through consistent track records in terms of their verified validation services. When choosing these partners, there is the need for taking into account their reliability as well as how they perform. # Multichain Bridge To TAO Bridging to Bittensor has never been this easy.
RivusDAO is thrilled to announce that they are building a Multichain bridge that is innovative and user-friendly with the aim of making Bittensor Network interoperable. In enabling quick, non-KYC (Know Your Customer) solutions that allow users from different networks to easily bridge assets into and out of Bittensor. This strategic addition to the Bittensor ecosystem will create a more direct and efficient means for customers to interact with its offerings. The bridging service offered by RivusDAO as a Multichain bridge would therefore play an essential role in expanding Bittensor Network’s coverage and functionality by removing these barriers. Our solution also improves accessibility and contributes positively towards the growth and success of Bittensor. RivusDAO advocates for increased flow and liquidity between networks thereby supporting Bittensor’s vision to have a more connected blockchain environment that works effectively. We believe strongly, therefore, it is not only helpful for users but also moves the Bittensor network forward in the sphere of blockchains. # $RIVUS Token $RIVUS, the native token behind RivusDAO

$RIVUS token

RivusDAO is a decentralised autonomous organisation that manages liquid staking protocols by using voting power of governance token (RIVUS) holders to decide on major parameters like, for example, setting charges, allocating node operators and oracles etc. In addition, DAO will accrue service fees which will be spent on research and development, incentives for liquidity mining and upgrading the protocol. ## # $RIVUS Tokenomics This page will highlight the tokenomics of $RIVUS. ## $RIVUS V2 Tokenomics
The Rivus V2 Tokenomics has greatly improved to allow for retained stability for the $RIVUS token in addition to utilizing our treasury to redirect rewards over to our holders. By doing so, we're expecting the protocol to revolve around the $RIVUS token and by nature grow the TVL of all our rsAssets. To tie everything together, the 10% Protocol Fee will be used to buyback $RIVUS and either hold it in our treasury/liquidity incentive or burn the supply. This will help bring value to the governance token, $RIVUS. **Total Supply: 1,000,000,000 $RIVUS**
Buy/Sell = 5/5 * the buy and sell fees will be utilized to bolster treasury and will also enable us to provide further growth for our holders. 40% V1 Migration * Please refer to our prior V1 token economics here () 35% Deflationary Incentives * We will be utilizing daily token burns from our V2 supply in order to create deflation on our V2 Tokenomics. Burns will be done but its not limited to redemption of staked $RIVUS 9% V2 Liquidity * This will be used for the V2 $RIVUS LP pool. 9% Sablier * The sabler is the continued vesting of our early supporters from V1. 7% Team / CEX * 5% is the team and 2% is the CEX with the original vesting schedules from V1. # Rivus Contracts Below you will find all of Rivus's Smart Contracts
**RIVUS Token**\ 0x60e254E35Dd712394b3AbA7A1D19114732e143dD\ \ **rsTAO Token**\ 0xdad3d3c5cac4f2c8eca2b483aba9e928a4b88783\ \ **RIVUS Deployer**\ 0x010101b43Dc0712AA58466eA55316b0fBaD731e2
**$RIVUS Treasury Multi-Sig Wallet**\ 0x1473868d0caca5833B7095c630ECee70ca620D1f
**RIVUS CEX Multi-Sig Wallet**\ 0xA500952A766c50E74Bd01322DA283e8f92C32623\ \ **RIVUS Liquidity Incentive Multi-Sig Wallet**\ 0x68206376F313e7e4437a241BcF80bBa291f47260\ \ **Bittensor Staking Wallet**\ 5EM2Mse2Ke89Kgm8crL9sniJXPJsYLrv7Ej1zQAEM5inN7rv\ \ **rsCOMAI Token**\ 0xae173ac44c0041cda87907f52a1e531934e49610 **wrsCOMAI Token**\ 0xc48dafb63f48204111c859d58170a118f64963e6 **COMAI Staking Wallet via Polkadot JS**\ \&#xNAN;*key managed by: COMAI Team & Rivus*\ FUtgwdXERXWgfi6TfJQfQpD5vYcCKsrxTCELtDkyEerATfD