Proposal to Whitelist wTAO/USDC farm for $ASH rewards

[phanletrunghieu]

Summary

Dear Community,

I am excited to present a proposal for the integration of $wTAO and the creation of a wTAO/USDC liquidity pool on AshSwap to become a recipient of ASH token rewards.

$wTAO is the wrapped version of $TAO, the native token of the Bittensor ecosystem. Bittensor is a decentralized artificial intelligence (AI) platform that utilizes tokenized incentives to coordinate the training of machine learning models across a global network of computers.

The $TAO token plays a crucial role in the Bittensor ecosystem, incentivizing participants to contribute their computing resources towards training AI models. By bridging $TAO to MultiversX, users receive $wTAO, which represents their underlying $TAO holdings on the Bittensor blockchain.

$wTAO enters the MultiversX ecosystem through the TAO Bridge built by Hatom Protocol and has performed multiple security audits to ensure robust design and a safe environment for all users.

Motivation

The integration of $wTAO and the creation of a wTAO/USDC liquidity pool on AshSwap will foster synergies between the Bittensor and MultiversX ecosystems. This initiative will provide liquidity providers with an opportunity to earn ASH token rewards while supporting the growth of $wTAO within the MultiversX DeFi space. Additionally, it will enhance the overall liquidity and trading opportunities for $wTAO, fostering a dynamic ecosystem for all participants.

Actions

1. Integrate $wTAO and create a wTAO/USDC liquidity pool on AshSwap.
2. Add the wTAO/USDC liquidity pool to AshSwap's farm controller.
3. Start producing ASH token rewards for the wTAO/USDC liquidity pool.

References:

• Bittensor Website: https://www.bittensor.com/
• Hatom Protocol Website: https://www.hatom.com
• Twitter: https://twitter.com/HatomProtocol