Is MegaTAO a Bittensor subnet?
No. MegaTAO is not a subnet. It is an independent protocol deployed on the Bittensor EVM that enables leveraged trading on Alpha token prices.
Has MegaTAO been audited?
Yes. Smart contracts have been audited by BitSec (ongoing partnership) and XORs Software (independent audit). See Audit Reports.
Getting Started
What do I need to trade on MegaTAO?
An EVM-compatible wallet (MetaMask, Coinbase Wallet, etc.) and TAO for margin and gas fees. See How to Start Trading.
How do I get TAO into my wallet?
Two ways:
Click the Bittensor address button in the top right of the app, copy the address, and send TAO to it from an exchange or another wallet.
Import your existing Bittensor wallet mnemonic into an EVM wallet. Your TAO is available automatically through the address mapping.
Do I need to add the Bittensor EVM network manually?
No. The app automatically prompts your wallet to switch to Bittensor EVM (Chain ID: 964) when you connect.
What wallets are supported?
MetaMask, WalletConnect, Coinbase Wallet, Trust Wallet, and any EVM-compatible wallet.
What are perpetual futures?
Derivative contracts that track an asset's price without an expiration date. You can hold a position as long as you want (subject to funding costs, interest fees, and margin requirements).
What is the trading fee?
0.25% of the notional value, charged on both opening and closing a position. A round-trip trade costs 0.5% total.
What is the maximum leverage?
Currently 3x on all markets.
What tokens can I trade?
MegaTAO supports perpetual futures on 12 Bittensor subnet Alpha tokens: CHUTES, LIUM, RIDGES, TARGON, VANTA, AFFINE, TEMPLAR, SCORE, IOTA, GRADIENTS, HIPPIUS, and BITMIND.
Can I hold multiple positions?
One position per market. Up to 50 positions across different markets.
What is slippage?
The difference between the expected execution price and the actual price. MegaTAO has dynamic slippage based on position size and vault utilization (0.1% to 20%). You set a maxSlippage parameter when opening a position. The transaction reverts if actual slippage exceeds it.
Funding & Interest
What is the funding rate?
A periodic payment between longs and shorts based on the imbalance in open interest. If there are more longs than shorts, longs pay shorts (and vice versa). This keeps futures prices aligned with spot prices.
How is the funding rate calculated?
The rate is per 8-hour interval, capped at 0.75% in either direction. Funding accrues continuously and is settled when the position is modified or closed.
What is the interest fee?
A separate fee charged to both longs and shorts based on vault utilization. It compensates vault depositors for capital at risk. The formula is 20% x utilization^2 + 0.01%, capped at 80%.
Do I pay funding and interest even on short trades?
Yes. Both accrue continuously based on time held. For short-duration trades (minutes to hours), the amounts are negligible.
Margin & Liquidation
What is the maintenance margin?
The minimum margin ratio required to keep a position open. Currently 10% on all markets (per-market configurable from 1% to 50%).
What happens when I get liquidated?
Your position is closed at market price and a liquidation fee (currently 5%) is deducted from your remaining margin. Any leftover margin is returned to you. If losses exceed your margin, the insurance fund covers the shortfall.
What is partial liquidation?
If your margin ratio is between the maintenance margin (10%) and maintenance margin + 5% buffer (15%), only part of your position may be closed, enough to bring the margin ratio back above the threshold.
How do I avoid liquidation?
Close the position manually before the margin ratio reaches the maintenance level (avoids the liquidation fee entirely), or use lower leverage. At 3x leverage with 10% maintenance margin, a ~23% adverse price move triggers liquidation. At 5x leverage, only ~10%.
Can I add margin to an open position?
You can deposit more TAO to your margin account. This improves your account equity and margin ratio across all cross-margin positions.
What is the protocol vault?
The vault provides liquidity for trades when there is no orderbook match. It acts as counterparty, filling orders instantly.
Can I deposit into the vault?
Vault depositors earn yield from trading fees, funding, interest, and liquidation fees. The vault takes the opposite side of trader positions. It profits when traders lose and vice versa.
Is there a deposit limit?
There is currently a per-user deposit cap and a global deposit cap. These limits will be expanded as the protocol matures.
Is MegaTAO in beta?
Yes. The protocol is actively being developed and upgraded. Leverage limits and deposit caps are conservative and will expand over time. A comprehensive final audit will be published with BitSec once the protocol reaches its final form.
How do I report a vulnerability?
Email [email protected] with the subject "Security Vulnerability Report". Do not disclose publicly. See Bug Bounty.
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