The debut episode of the General TAO Kitchen Podcast features discussions on 0xMarkets—a decentralized perpetual DEX built on Bittensor’s Subnet 35 (Cartha)—which incentivizes miners to lock stablecoins like USDC as liquidity providers, earning dual rewards from trading fees and subnet emissions to enable high-leverage forex and commodities trading with unprecedented transparency.
Here’s the video:
Subnet 35 addresses key pain points in traditional CFD markets, such as counterparty risk and opacity, by creating a permissionless liquidity engine that aggregates resources via Bittensor’s mechanism, potentially capturing a fraction of the $7 trillion daily forex volume to generate sustainable yields for participants without relying on short-term farming incentives.
Backed by experienced teams from General TAO Ventures (incubating five Bittensor subnets) and TAOSHI (creators of Glitch on Subnet 8), the project outlines a phased roadmap starting with a minimum viable DEX in 3-6 months, evolving to institutional-grade features, while integrating AI for market-making and optimization to enhance capital efficiency in DeFi.
Be the first to comment