🌐Omnichain Utility

yTAO is a Layer Zero OFT, with initial liquidity seeded on Ethereum Mainnet across various decentralized exchanges.OFTs are an extensible token contract that enables a token to be natively sent between different blockchains. The OFT standard eliminates the need for additional wrapped and bridged assets across blockchains, increasing token utility. This means that yTAO can be used within DeFi applications across 50+ blockchain and L2 networks. Omnichain expansion for liquidity will come in tune with the pace of DeFi integration for yTAO across various protocols. When minting yTAO from TAI Network, users pay no fee - however, there is a 1% fee on redemption, taken as a service fee for the protocol. 50% of the service fee is redistributed to yTAO holders, acting as a Yield Boost.

Because yTAO remains fully liquid even as the underlying assets are locked, it can be deployed in a full range of yield-bearing DeFi activities that further boost inherent staking yields. For example, to start with holders will be able to earn additional yields by providing liquidity to yTAO liquidity pools. As the protocol grows, yTAO will also be integrated into a full range of DeFi protocols, allowing it to be deployed in DeFi trading, lending, yield markets, and more.