Into:GroundLayer
The OTC capital layer for Bittensor
As of · Jun 13, 06:42 UTC
Most subnets that need cash sell their own token on the open market and push the price down. GroundLayer is building the opposite: a place to raise capital through structured private deals, settled onchain.
What is GroundLayer
GroundLayer is a Bittensor subnet building a marketplace for over-the-counter (OTC) deals in subnet tokens. OTC just means a privately negotiated trade that happens off the public order book, so a large buyer and seller can agree on size and price directly instead of moving the open market. GroundLayer's pitch, in its own words, is "the capital layer for Bittensor": a way for subnet teams to raise funds without dumping their alpha token on the spot market, and a way for investors to get structured entry into those tokens.
The simple version: It's like a traditional OTC trading desk, the kind institutions use to buy large blocks of an asset without spooking the market, but rebuilt for Bittensor subnet tokens and enforced by instead of a handshake.
Centralized equivalent: A private OTC desk or a private placement round, where deals are arranged off-exchange. GroundLayer's version settles onchain with terms fixed in code.
How it works:
GroundLayer is pre-launch, and the team has not yet published how its onchain roles map onto Bittensor's miner and validator system, or released its code (the GitHub identity currently points to a placeholder repository named "comingsoon"). What the website does document is the product itself, which is built around three roles:
- Sellers (subnet teams) define the terms of a deal up front: how much they want to raise and on what schedule, without selling into the spot market.
Other research from the same neighborhood of the network.
