Bittensor introduced Dynamic $TAO, a significant upgrade to its tokenomics framework. This new system replaces the traditional staking mechanism with a dynamic, market-driven approach. 

Now, staking TAO in a subnet swaps it for subnet-specific α tokens, with the conversion rate determined by a constant product formula. Each subnet now functions as an independent AMM, meaning the value of α tokens fluctuates based on the ratio of $TAO to α in the subnet's liquidity pool.

Dynamic TAO also grants subnets autonomy over their incentive distribution, allowing them to decide how 50% of newly minted α tokens are split among Validators, Miners, and Owners while the remaining 50% is injected directly into the subnet's liquidity pool to back the α token's value.Moreover, Emissions are now governed by a decentralized mechanism through Yuma Consensus V2, where all $TAO holders collectively influence subnet rewards. 

This replaces the previous validator-controlled allocation, further decentralizing the network. At Dexponent, our goals of a fair & decentralized network aligns with their progress consequently we are excited to announce that $TAO performance based staking will be integrated into our protocol as part of our diverse yield-generation strategies