Tensorplex Labs, a Bittensor ecosystem project invested by Yzi Labs, surged 500% in one day

Investment Surge: Tensorplex Labs, a Bittensor ecosystem project, saw its subnet project Dojo surge 500% in one day following an investment announcement by Yzi Labs. The Singapore-based company, established just two years ago, has become a core participant in the Bittensor ecosystem.
DeFi Contributions: Tensorplex introduced key DeFi products like Tensorplex Stake, enabling cross-chain staking with stTAO tokens, and TaoBank, a lending protocol. These innovations have attracted over $30 million in TVL, making Tensorplex one of the largest verification nodes on Bittensor.
Exchange & Data Dashboard: The launch of Backprop Finance, a Dex integrated with a comprehensive data dashboard, has lowered entry barriers for new users, making it a popular choice within the Bittensor ecosystem.
AI Ecosystem Development: Tensorplex has excelled in AI, releasing advanced models like Sumo-T9-7B, which outperformed competitors like Falcon 7B and Llama 2 7B. They also developed Tensorplex Stream, a Web3 RAG chatbot, and Dojo Subnet, a human-AI collaborative platform.
Dojo Subnet's Role: Dojo collects human feedback to improve AI models, using advanced metrics to ensure data quality and prevent sybil attacks. It has already gathered over 3 million human-generated data points, highlighting its potential in AI development.
Market Recognition: The investment by Yzi Labs reflects growing market acceptance of the Bittensor ecosystem, which, despite its low profile, showcases serious innovation and long-term potential in decentralized AI and DeFi.

Author: BUBBLE, rhythm

This morning, Yzi Labs announced its investment in Tensorplex Labs, and its Bittensor subnet project Dojo immediately rose 500%. In the same month last year, the decentralized AI startup Tensorplex Labs completed a $3 million seed round of financing. A year later, Tensorplex Labs has brought contributions to the Bittensor ecosystem including Dex, data dashboards, AI, etc. This article will briefly analyze what Tensorplex Labs, a Singaporean company that was established only two years ago, has done to become a core participant in the Bittensor ecosystem.

Bittensor’s DeFi Core

Pledge loan

Before the release of dTao, the ecosystem of Bittensor was actually very scarce. Tensorplex contributed core DeFi products in the TAO ecosystem, one of which was Tensorplex Stake. As a cross-chain staking product, it launched stTAO, an LSD ERC20 "Liquid Staking Derivative" token, which allows EVM investors to participate in the TAO ecosystem and enjoy staking rewards without downloading a Substrate-compatible wallet, and manually entrust. At the same time, the pledged assets can be bridged to networks such as Bittensor to participate in the operation of verification nodes. For this reason, Tensorplex has also established a bridge between Substrate and EVM to minimize trust. In addition, lending protocols such as TaoBank have been incubated, allowing users to obtain interest-free loans with pledged TAO as collateral. The peak TVL of the pledge reached more than 30 million US dollars, which also made Tensorplex one of the largest verification nodes on Tao.

Exchange + Data Dashboard Integration Backprop

Just last month, dTAO was officially launched and @BackpropFinance was also officially launched. At this point in time, as one of the three Dex that can trade dTAO, "hotkeyswap, taostats", in addition to allowing users to trade various Alpha subnets, it also provides a fairly comprehensive data dashboard, integrating various types of products such as trading dashboards, address analysis, on-chain information query, and market analysis into the same product. The familiar UI and the perfect data dashboard have greatly reduced the threshold for new users to join the TAO ecosystem, which also makes Backprop the most popular Dex product of Bittensor.

Development of the AI ecosystem

LLM

Tensorplex has made many attempts in large models and created a similar model that surpassed all open source in the decentralized LLM pre-training competition of @MacrocosmosAI "Subnet 19". Running validators on more than 60 Bittensor subnets and AI chains such as @flock_io and @AlloraNetwork, the latest top model Sumo was released on Bittensor Subnet 9 in 2023. After increasing the parameter limit to 7 billion in April 2024, Sumo-T9-7B even outperformed well-known models such as Falcon 7B and Llama 2 7B.

Tensorplex Stream

Tensorplex has also tried in the Agent aspect. Tensorplex and @Corcel_X "Subnet 18" built the first Web3 RAG chatbot "Tensorplex Stream", which obtained information from the podcast records of cryptocurrency to train AI Agent and issued an Agent that aggregates and summarizes the latest cryptocurrency information. Now, in addition to Chatbot, Podcasts have also been developed, allowing AI to "speak" the information it has collected. Using the advantages of RAG to collect the latest information in the rapidly developing cryptocurrency market has also been widely used.

Dojo Subnet

Dojo Subnet has become the most shining subnet in dTAO in the past 24 hours, and it has soared 500% after YziLabs announced its investment in Tensorplex Labs. Dojo is a data collection platform, but it is not only a data collection platform, but also a comprehensive ecosystem that joins humans as observational third parties. Human intelligence can directly affect AI development, training and agent operations on the chain and in the real world.

The main workflow is that anyone can use LLM to generate unique synthetic tasks (which may be game physics feedback, quality of generated images, physics algorithms, etc.). Collect "artificial" feedback data through Dojo and add response obfuscation technology.

The miners will then distribute the tasks, and the job of the human verifier is to confirm some of the basic facts generated by the LLM, determine the quality of the responses provided by each contributor, and distribute rewards based on multi-dimensional indicators: manual consistency "weighted Cohen's Kappa", quantitative stability "intraclass correlation coefficient ICC", factual fidelity "Spearman correlation", these data will be used to improve and optimize the open source model.

Dojo will use technical means to prevent sybil attacks and ensure that contributors are real humans. "When the system matures, it will also add the role of preventing attackers and form a contribution chain." So far, Dojo has collected more than 3 million human-generated data points.

Tensorplex Labs' investment by Yzi Labs is just a microcosm of the Bittensor ecosystem being gradually accepted by the market. The "halal" Bittensor usually does not receive much attention in the market. In fact, as an old AI ecosystem, each project party in the ecosystem has a considerable degree of ability and patience, giving people a serious building atmosphere. Although there are still problems such as shells or dTAO systems in the subnet, we still expect Bittensor to output more excellent products, and BlockBeats will continue to pay attention.