TechFlow News, on February 12, according to official announcements, TaoFi, an emerging DeFi project within the Bittensor ecosystem, has completed a new round of strategic funding led by Digital Currency Group (DCG), with participation from institutions including Pantera Capital, Taostats, and Lyrik Ventures.
TaoFi plans to use the funds to develop AI-powered DeFi infrastructure on the Bittensor EVM, including the first TAO-backed stablecoin, a decentralized exchange, and a liquid staking version of the TAO token.
Anna Bertha, Investment Director at DCG, stated that TaoFi will bring new financial capabilities to decentralized AI networks.




