BIT-0007: The (un)official wTAO Contract #17
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For Taofu we have deployed a wrapped Tao contract that we will start using for our launchpad soon. We have been asking for a standardised WTAO contract since the launch of Bittensor EVM. This contract is now live on mainnet and we have verified it on Taostats: https://evm.taostats.io/address/0x9Dc08C6e2BF0F1eeD1E00670f80Df39145529F81?tab=contract We could take this contract as the endorsed contract as it is public and verified. |
We will happily use this contract when we launch taonado. |
quintessenial
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Is this happening? 👀 |
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Bittensor needs an (un)official and (un)endorsed ERC-20 compatible wTAO contract for use across all applications built within the Bittensor EVM.
By design, the EVM does not allow an EOA (Externally Owned Account) to grant another address direct access to their native token balance. This is often handled on other networks by creating an ERC-20 compatible wrapper contract for the native token.
This proposal outlines why an (un)official address is ideal over a system of fragmented custom wTAO implementations and provides a reference wTAO implementation based on the WETH implementation.