Tuesday, January, 21, 2025

Chainlink CCIP Enables Liquid Staking and Cross-Chain Trading of Bittensor xAlpha Tokens on Base and Aerodrome

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Anny Sam

Anny is a skilled crypto writer, delivering clear, engaging content that simplifies complex blockchain concepts for a broad audience.
  • Project Rubicon enables liquid staking for Bittensor’s subnet alpha tokens.
  • Chainlink CCIP bridges these tokens securely to the Base blockchain.
  • xAlpha tokens are now tradable on Aerodrome, opening new DeFi opportunities.

General TAO Ventures (GTV) has launched Project Rubicon, a protocol that brings Bittensor’s subnet alpha tokens to the Base L2 blockchain. The initiative uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the canonical infrastructure for secure transfers.

This collaboration enables Bittensor tokens to move beyond specialized wallets and limited distribution channels. By transforming subnet alpha tokens into ERC-20 compatible liquid staked assets (xAlpha), Project Rubicon allows users to trade, stake, and deploy them in DeFi applications on Base.

Aerodrome, the leading decentralized exchange on Base, hosts the first xAlpha/USDC liquidity pools. These pools provide market access and generate fees for subnet owners and liquid stakers, while keeping the underlying subnet assets intact.

Bittensor Launches Project Rubicon for Liquid Staking

Bittensor has built a decentralized AI network with advanced engineering and unique subnets. Adoption has remained limited due to its complex architecture. Project Rubicon addresses this challenge by enabling non-custodial liquid staking, granting subnet owners and token holders access to global liquidity.

The launch includes 17 leading Bittensor subnets, including Affine, PTN, Targon, Macrocosmos’ iota, and others. Each subnet contributes approximately $300,000 in initial liquidity across Alpha token and USDC pairings.

The protocol ensures secure operations through SubTensorEVM and Hashlock audits. Subnet owners benefit from additional rewards via LP fees without selling their original assets. Liquid stakers gain new earning opportunities while participating in an expanding cross-chain ecosystem.

Project Rubicon marks a strategic point for Bittensor’s expansion. Chainlink CCIP provides a reliable and scalable bridge, enabling subnet tokens to enter the broader Web3 economy. Builders can now develop cross-chain applications directly on Bittensor EVM.

The integration demonstrates how decentralized AI subnets can interact with DeFi protocols efficiently. By leveraging Base and Aerodrome, Project Rubicon fosters liquidity, enhances market activity, and broadens the reach of Bittensor’s subnet ecosystem.

GTV emphasizes that the protocol is not just a bridge. It empowers subnet teams to unlock value and participate in global markets. The project showcases a practical model for connecting decentralized AI networks to mainstream blockchain infrastructures.

Related Reading: Bitcoin Faces Downward Pressure Amid Recent Price Drop

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