Desearch
Real-time search across X, web and on-chain sources with citation scoring.
Synthetic shape · 14 sample points, not observed trading sessions
Sample 7d change: -5.4% · volatility proxy: 10.9%. Neither is measured from this illustrative line.
Bull case / bear case
Bull case
- Low realised volatility and a 23.7% APY make it usable as the stable leg of a delegation book.
- Category tailwind: search is one of the clearer demand stories on Bittensor, and Desearch is the higher-beta way to own it.
Bear case
- Down 5.4% on the week — a compounding APY does not save you from an alpha price that keeps sliding.
- Emissions are set by network consensus and can be reweighted; 1.5% today is not a contract.
What this means for you
If you are delegating TAO, SN22 reads as a satellite position sized for drawdowns. You are buying mid-range yield (23.7%) plus exposure to search demand. Expect 15–25% swings between weekly closes; that is normal here and not a reason to unstake. Model the compounding before you commit — a 23.7% APY at quarterly compounding is materially different from the same rate compounded daily.
Risk classification: Medium risk — moderate volatility, adequate liquidity
Same category: Search
Sample data. Figures for SN22 on this page are synthetic and internally consistent for demonstration; they are not chain state. Live TAO price elsewhere on the site comes from CoinGecko.