Intro

Bittensor’s Community-owned DeFi SuperApp

This documentation aims to familiarize general users with Backprop Finance and also serve as a comprehensive guide for developers working with Backprop Finance.

Built by Tensorplex Labs, Backprop Finance is a decentralised exchange built on top of Bittensor, bridging DeFi with the Bittensor AI ecosystem.

Through Backprop Finance, you hold the power to partake in the trading of supercommodities — the foundational resources that will propel the next era of decentralised AI.

Problem Statement

Bittensor, despite being one of the leading decentralised AI ecosystem, has always been very daunting to most when it comes to buying and managing TAO investments. While we have previously built Tensorplex LST that empowers native EVM users to access and trade yields that are only attained through staking in Bittensor network, the complexity will only increase with the introduction of subnet tokens (colloquially known as Dynamic TAO, or dTAO). It is no trivial task to reliably manage one’s exposure towards the subnets due to the intricate complexity of the underlying staking and emission mechanism under the Dynamic TAO regime.

Backprop Finance for Bittensor

The dTAO Trading Terminal in Backprop Finance empowers dTAO investors and traders alike with more powerful features such as:

• Real-Time Price Tracking & Charts

• Whale transaction alerts and wallet monitoring capabilities

• Integrated information terminal about the Bittensor subnets curated by Tensorplex Labs

• Portfolio visualization grouped by tokens, subnets, validators

• Many more features and products to come including DCA, Dynamic TAO yield-compounding automation strategies etc.

In the next phase of Backprop, we plan to launch a DeFi-oriented subnet which will serve as the backbone of tokens on the EVM layer within the Bittensor ecosystem. More details will be published soon.

Dynamic TAO Trading Terminal