Tensorplex Staked TAO
STTAO
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Tensorplex Staked TAO (STTAO) is an ERC-20 liquid staking receipt token representing TAO staked via Tensorplex Labs. While core wstTAO smart contracts underwent a third-party audit by Quantstamp with no direct protocol exploits recorded, the product is being officially sunset. The Stake & Bridge protocol has zero APY, zero TVL, and zero active validators, with on-chain activity consisting almost entirely of redemptions. Market liquidity is practically non-existent with negligible 24-hour trading volume (~$100) and a small holder base of under 600 addresses. Centralization risks remain significant due to unrenounced proxy ownership and centralized validator management. Given that the protocol is actively sunsetting and draining remaining assets, user participation should be avoided.
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About Tensorplex Staked TAO (STTAO)
Tensorplex Staked TAO (STTAO) is a deprecated liquid staking derivative token issued on the Ethereum blockchain by Tensorplex Labs that is currently being sunset. Deployed as an ERC-20 receipt token, STTAO was designed to represent Bittensor (TAO) staked via Tensorplex's validator infrastructure. The token served as a pass-through mechanism intended to capture TAO staking yields while offering an Ethereum-native wrapped claim on the underlying staked assets.
The protocol utilizes an EIP-1967 proxy contract with unrenounced ownership and lacks a decentralized autonomous organization (DAO) or token-based governance framework, relying instead on centralized validator management and withdrawal processes. Although the core wstTAO smart contracts underwent a third-party security audit by Quantstamp, key components—including the Ethereum-to-Bittensor bridging infrastructure, the validator operations, and the wTAO implementation—were explicitly excluded from the audit scope.
Following the formal decision to sunset the Tensorplex Stake & Bridge product, the protocol's dashboard reflects zero total value locked (TVL), zero active validators, zero stakers, and a 0% annual percentage yield, with recent on-chain activity limited to redemptions. While STTAO contracts have not suffered direct exploits, the underlying Bittensor network experienced a major security incident in July 2024 resulting in approximately $8 million in losses and a temporary network halt, highlighting external dependency risks for the derivative.