MEGATAO

The protocol vault first attempts to match orders through an orderbook. If no match is found, the vault acts as your counterparty, ensuring instant execution with guaranteed liquidity.

MegaTAO is a decentralized perpetual futures exchange built specifically for the Bittensor ecosystem. It allows you to trade Alpha tokens (subnet tokens) with leverage, providing exposure to the growth of various AI subnets without directly holding the underlying tokens.

No, MegaTAO is not a subnet. It's a DeFi application built on the Bittensor EVM (btEVM) that provides financial infrastructure for the Bittensor ecosystem. We leverage the security and decentralization of the Bittensor network while offering specialized trading functionality.

MegaTAO uses a dual-vault architecture. When you open a position, the protocol first attempts to match your order with other traders through an orderbook. If no match is found, the protocol vault acts as your counterparty, ensuring instant execution with zero slippage. Your collateral is held in your personal vault, and profits/losses are settled in TAO.

You can trade perpetual futures on Alpha tokens from various Bittensor subnets. Each Alpha token represents the value of a specific subnet, allowing you to speculate on the success of AI projects like text generation, image synthesis, data scraping, and more. New markets are added as subnets mature.

MegaTAO charges zero deposit and withdrawal fees. Trading fees are competitive and transparent: a small percentage on each trade that goes to liquidity providers and protocol development. There are also funding rate payments between long and short positions to keep prices aligned with the underlying asset.

Traditional exchanges don't list Alpha tokens, and most DEXs lack the liquidity for efficient trading. MegaTAO solves this by providing guaranteed liquidity through our protocol vault, professional-grade trading tools, and up to 3x leverage - features that simply don't exist elsewhere for Bittensor assets.

MegaTAO is purpose-built for the Bittensor ecosystem. Our dual-vault architecture ensures instant execution regardless of market conditions. We use TAO as collateral, have a robust TAO oracle for accurate pricing, and transparent governance.

MegaTAO beta launched in January 2026. You can start trading now by connecting your wallet, depositing TAO as collateral, and opening your first position. Visit our docs for a complete getting started guide.