Into:Liquidity
Vote-directed liquidity mining on Bittensor
As of · Jun 4, 10:37 UTC
Subnet 77 turns Bittensor incentives into a machine, paying miners to park real capital in Uniswap pools that the community votes to prioritize.
What is Liquidity
Liquidity (SN77) is a Bittensor subnet that incentivizes people to supply liquidity to external on-chain markets, primarily Uniswap V3 pools. Voters who hold the subnet token decide which pools matter, and miners earn by actually providing liquidity to those pools. According to the subnet's repository, the goal is to let any project bootstrap liquidity by directing subnet rewards toward its pool.
The simple version: It is like a liquidity mining program you would see on a DeFi exchange, except the rewards budget comes from a Bittensor subnet and the community votes on where that budget points.
Centralized equivalent: Think of the market-maker incentive and liquidity mining programs run by centralized exchanges and DeFi protocols, but governed by token-weighted community votes rather than a single company.
How it works:
- Miners provide liquidity to designated Uniswap V3 pools and register a link between their Bittensor and an Ethereum address so their positions can be credited.
- Validators fetch calculated weights from the project's server and set those weights on-chain, after votes and liquidity positions are scored.
Why This Matters
- The problem it solves: New tokens and pools struggle to attract deep, sticky liquidity. SN77 tries to use Bittensor as a recurring incentive budget to pull liquidity toward chosen pools.
- The opportunity: Directing liquidity is one of the most valuable levers in DeFi. A subnet that can route incentives to any pool, governed by votes, is aiming at a real and persistent need.
- The Bittensor advantage: Instead of one protocol funding its own liquidity mining out of treasury, the incentive budget comes from subnet emissions and the targeting is decided by token-weighted community votes rather than a central team.
- Traction signals: The data here is mixed and worth flagging. TaoSwap reports roughly 11,400 TAO of root liquidity in the pool and positive net inflows over the trailing week, but public development signals are thin (see Risk Factors). Be skeptical and verify before drawing conclusions.
Other research from the same neighborhood of the network.