# About MegaTAO

MegaTAO is a perpetual futures protocol on Bittensor EVM. Trade long or short on Alpha token prices with up to 3x leverage, using TAO as collateral.

The protocol vault provides instant liquidity for all trades. No order matching required.

{% hint style="info" %}
MegaTAO is in beta. Leverage and deposit caps are conservative and will be expanded as the protocol matures. Smart contracts are audited by BitSec and XORs Software.
{% endhint %}

## Overview

You deposit TAO as collateral, open a long or short position on any Alpha token, and your profit or loss is settled in TAO.

* **Perpetual futures:** Contracts never expire. Hold a position as long as you want.
* **TAO collateral:** All margin, fees, and settlement are in native TAO.
* **Hybrid liquidity:** Orders match against the order book first, with the protocol vault filling any remaining size.
* **On-chain oracle pricing:** Alpha token prices are derived from on-chain pool reserves.

## Quick Links

* **Trade**: [megatao.com](https://megatao.com)
* **Docs**: [docs.megatao.com](https://docs.megatao.com)
* **Security**: [Audits](/audits.md)
* **Discord**: [Join the community](https://discord.gg/megatao)


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