End Users

As an End User of the TAO-Backed Stablecoin (TUSDT) system, your interaction with the Portal Side is defined by two roles: the Depositor and the Withdrawer.

Depositor (Minting TUSDT)

  • Action: The Depositor sends TAO (native) collateral to the system.

  • Goal: To obtain TUSDT Stablecoin on the EVM chain.

  • Process: The Depositor locks their TAO, and the system mints the equivalent dollar value in TUSDT, which they can then use in the wider DeFi ecosystem1111111.

Withdrawer (Redeeming TAO)

  • Action: The Withdrawer sends TUSDT Stablecoin back to the system.

  • Goal: To withdraw TAO (native), thereby redeeming their locked collateral.

  • Process: The Withdrawer must pay a stability fee. The system then

    burns the TUSDT they returned and releases the corresponding amount of locked TAO collateral back to their native Bittensor wallet.

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