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Last updated 15 days ago

TaoFi’s bridge allows users to bridge USDC from Ethereum and receive taoUSD on Bittensor EVM. Users can also bridge taoUSD from Bittensor EVM to receive USDC on Ethereum. USDC can be converted to taoUSD 1-to-1. Interchain communication is provided by Hyperlane.

Idle USDC on Ethereum earns yield via whitelisted real-world asset providers (“RWAs”). Currently, the only whitelisted RWAs are Superstate’s USTB and Blackrock’s BUIDL. Adding new RWAs is subject to passing a thorough risk management process, with at least 1 week public notice given before funds can be allocated. The split of assets among whitelisted RWAs is determined by Bittensor SN10.

In the future, users will be able to earn the yield from USDC by staking taoUSD on Bittensor EVM.

Tutorial

Steps to bridge USDC on Ethereum to taoUSD on Bittensor EVM:

1. Connect Your Wallet

  • Visit TaoFi.com.

  • Click “Connect Wallet” and select your preferred wallet (MetaMask, WalletConnect, etc.).

  • Ensure your wallet is set to the correct network (the network you want to bridge from).

  1. Navigate to the Bridge Section

  • Click “Bridge” in the navigation menu.

3. Select Networks and Token

  • Choose Ethereum → Bittensor EVM (or vice versa).

  • Select the token: USDC → taoUSD (or taoUSD → USDC).

4. Enter Amount and Approve Transaction

  • Input the amount you want to bridge.

  • Click “Approve” and confirm the transaction in your wallet.

5. Confirm and Bridge

  • Click “Bridge” to initiate the transfer.

  • Confirm the transaction in your wallet.

  • Wait for confirmation—bridging may take a few minutes.