Decentralized Long-Only Spot Margin Protocol

Tenexium Protocol

Post TAO. Long Subnets.

TAO-Only LiquidityLong-Only DesignUp to 10× LeverageCircuit BreakersAutomated Buybacks
10×
Max Leverage
90%
Revenue to Buybacks
110%
Maintenance Margin
0.005%
Base Borrowing Fee
Decentralized
Secure
Efficient
Scalable

Core Protocol Features

Built specifically for the Bittensor ecosystem with advanced risk management and sustainable yield generation

TAO-Only Liquidity Pool
Liquidity providers supply TAO exclusively, earning both emissions and protocol fee shares without direct alpha volatility exposure
Yield Sources:Miner Emissions + Fees
Risk Profile:Low Volatility
Long-Only Design
Deliberately prohibits short positions to prevent artificial sell pressure in dTAO markets, supporting ecosystem growth
Position Type:Long Only
Market Impact:Positive
Tiered Leverage System
Maximum leverage (up to 10×) determined by Tenex alpha token holdings with on-chain enforcement and tier-based fee discounts
Max Leverage:Up to 10×
Fee Discounts:Up to 50%
Automated Buyback Program
A defined share of protocol fees fund programmatic buybacks to support Tenex alpha token demand and ecosystem sustainability
Revenue Share:90% of Protocol Fees
Execution:Automated
Circuit Breaker Protection
Multiple safety mechanisms including rate limiting, utilization caps, and emergency controls to protect protocol stability
Utilization Cap:90%
Protection:Multi-Layer
Dynamic Fee Structure
Trading and borrowing fees adjust based on utilization rates with tier-based discounts, ensuring sustainable protocol economics
Base Borrowing Fee:0.005%
Adjustment:Dynamic

Protocol Overview

Access comprehensive tools to monitor, manage, and optimize your protocol interactions

Overview
Monitor protocol statistics and key performance metrics
Liquidity Management
Track liquidity pools, utilization rates, and available liquidity
Position Tracking
Monitor your positions, health ratios, and collateral management
Buyback Activities
Track fee collection, token buybacks, and revenue distribution
Protocol Health
Monitor risk metrics, health scores, and system stability
Protocol Info
Learn about the protocol mechanics, tokenomics

Protocol Statistics

Real-time metrics showcasing the protocol's performance and ecosystem health

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Total Value Locked

0

Active Positions

0%

Utilization Rate

0

Liquidity Providers