Stake is a product built by Tensorplex Labs that allows users to deposit wTAO on Ethereum and recieve stTAO, which is a liquid reward bearing token that offers users the flexibility to utilize this asset across various EVM ecosystems.

What is Tensorplex Stake?

Stake currently uses Taobridge to seamlessly transfer wTAO from Ethereum to the Bittensor Finney network. Once transferred, the TAO tokens are automatically staked in a validator pool. As validators accrue rewards for maintaining the network, stTAO holders receive a proportional share of these rewards based on their stake. 

How does Tensorplex Stake work?

The unstaking process in Tensorplex Stake involves a safety measure where withdrawals require manual approval before being automatically bridged back to Ethereum. This precaution is aimed at mitigating potential risks associated with smart contract vulnerabilities on Ethereum. Also, the community-operated Tao Bridge is utilized for the bridging of TAO from Finney Network back to Ethereum. There can be potential additional delays. In general, users should anticipate a delay of up to 48 hours for the completion of their unstaking requests.

How long does it take to unstake stTAO?

It is important to note that stTAO is currently in its early testing phase and the EVM smart contracts have been audited. Users are advised to exercise caution and avoid depositing large sums of TAO. To mitigate risks, particularly those associated with smart contract exploits, the platform has implemented a manual approval process for withdrawals from the Bittensor Finney network. This process is an essential step in ensuring the security of user assets during the early stages of the platform's development. There are also risks associated with TaoBridge so it is strongly recommend to deposit and withdraw in batches if necessary.

STAKE TAO