What Is LP?

LP is a dedicated Bittensor subnet (SN106) coordinating on-chain liquidity for Alpha tokens on Raydium. Instead of generic AMMs, LP introduces proof-of-provision: miners bridge TAO or Alpha to mint wTAO/wALPHA, deposit them (paired with TAO) into Raydium pools, then stake the resulting LP tokens in our Solana smart contract.

How It Works

Bridge & Mint: Miners lock native TAO/Alpha on Bittensor via the VoidAI Bridge and receive wrapped SPL tokens on Solana.
Provide Liquidity: They supply wTAO/wALPHA pairs to Raydium pools and receive LP tokens.
Stake & Validate: LP tokens are staked in a smart contract on Solana. Validators on SN106 samples both chains to confirm each deposit’s size and uptime, ensuring only genuine contributions earn rewards.
Reward Distribution: 41 % to liquidity providers (miners), 41 % to validators/stakers, and 18 % to the subnet owner (VoidAI).

Treasury & Protocol-Owned Liquidity

All fees—0.25 % Raydium trading fees, bridge fees, staking yields, and validator commissions—are funneled into the on-chain treasury on Solana. From there, funds are redeployed into wTAO/wALPHA pools as protocol-owned liquidity, deepening markets and earning ongoing fees. This creates a self-reinforcing cycle: revenue funds liquidity, liquidity boosts volume, volume generates more revenue.

Governance & Community

LP token holders govern key aspects of the subnet:

New Pools: Vote to onboard additional Solana-native assets.
Treasury Deployment: Direct where treasury funds are deployed.

All governance actions and treasury flows are recorded on-chain for complete transparency.