05 / The research journalTAO COMPOUND / INTELLIGENCE DESK
Beyond the numbers.
Subnet deep-dives, dated market perspectives and a working understanding of Bittensor. The context behind a delegation decision.
Market Wrap2 min · Aug 4, 2026
TAO Market Wrap: rotation into training subnets, breadth still thin
Momentum names are outrunning yield names by a wide margin, but only a third of the set is participating. Here is what that mix usually means.
Read →Beginner Guide2 min · Jul 28, 2026What is a Bittensor subnet?
A subnet is a competitive market for one specific machine-intelligence task, with TAO emissions as the prize pool. Here is the mechanic, in plain English.
Read →Beginner Guide2 min · Jul 26, 2026How TAO staking and delegation actually works
You are not "locking" TAO. You are buying a subnet's alpha token and renting a validator's scoring ability. Both choices change your return.
Read →Beginner Guide2 min · Jul 22, 2026Understanding APY, emissions and dTAO alpha tokens
Three numbers get quoted constantly and misread constantly. This is what each one is measuring, and how they interact.
Read →Start here if you are new to Bittensor
Read them in this order — each one assumes the previous. Twelve minutes total, and you will understand every number on the subnet explorer.