CandleFocus DCG Backs TaoFi with Strategic Investment to Bring DeFi to Bittensor
2025-02-11
Author: Content Editor
TaoFi, a DeFi project in the Bittensor ecosystem, has secured a strategic round of funding led by DCG, with participation from Pantera Capital, Taostats, Lyrik Ventures, and other partners. The funding will allow TaoFi to develop AI-powered DeFi primitives on the Bittensor EVM, including a TAO-backed stablecoin, a decentralized exchange, and a liquid staked version of TAO. The goal is to merge Bittensor's AI capabilities with DeFi and advance the mission of creating machine intelligence accessible to everyone. This funding will support TaoFi's efforts in bringing new DeFi tools and liquidity solutions to the Bittensor ecosystem.
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