On Monday, the LayerZero team announced via X that TAO App has introduced vTAO, a liquid-staked version of TAO, powered by LayerZero. TAO is the token powering Bittensor.
Built with the OFT standard, vTAO enables staking and movement of the LST from Bittensor EVM to 8 chains, including Arbitrum and Base.
LayerZero is an interoperability protocol designed to facilitate seamless communication between different blockchains. It aims to create a unified, interconnected blockchain ecosystem where assets and data can move freely across various networks. ZRO trades at $1.87, down 4% in the last 24 hours.