Tensorplex Staked TAO wallet

What is Tensorplex Staked TAO (STTAO)?

stTAO is a liquid staking receipt for Bittensor's TAO, issued by Tensorplex. The underlying coin lives on Bittensor, a network where participants run and validate machine-learning subnets and TAO is both the incentive and the staking asset. The token you hold, though, is an ERC-20 on Ethereum. That split is the whole story of owning it.

What it means in practice: the ERC-20 is a claim on staked TAO, not TAO itself. You cannot use it to pay Bittensor fees, register on a subnet, or delegate to a validator directly; those things happen on the other side of the arrangement. Moving stTAO is an Ethereum transaction and costs ETH, so a little ETH belongs in the same wallet. Rewards accruing on the staked position are designed to be reflected in the token rather than arriving as separate payouts you have to claim, which is why its exchange ratio against TAO drifts apart over time instead of staying at one to one. Going back to native TAO is a redemption through the issuer's process, and unstaking on a proof-of-stake network is rarely instant, so plan around a wait rather than an instant swap.

Because the balance does its work without you, a stTAO position is a genuinely passive thing to hold. A Tangem card can stay in a drawer for months; the app simply queries Ethereum and shows the current state whenever you open it, and the card only comes out when you actually want to sign something. Holding a receipt token that maintains itself on a device you rarely touch is a sensible match.

Supported networks in Tangem (1): Ethereum.