Every alpha holder in Bittensor knows this pain. You need liquidity and your only option today is to SELL your position. @ForgeLending is live on testnet to kill that problem, a Bittensor native money market where you borrow TAO against your alpha without selling a single token. Mainnet is planned for mid-November, and Forge already secured $4M+ in TVL commitments before launch. Why this matters. For a subnet owner, selling alpha to fund operations doesn't just raise cash, it signals weakness in your own network and the chart eats it. It's like selling your house every time you need money for renovations. Forge lets you keep the house and still get the cash. Big DeFi money markets like Aave don't even know subnet alpha exists. Forge is Bittensor native, built specifically for this collateral. Now the oh wow part. On mainnet, your deposited alpha keeps earning its native yield, and 75% of those emissions pass through to you while it sits as collateral. Picture a subnet owner who needs to pay an ML engineer this month. Instead of dumping his token mid-drawdown, he posts alpha, borrows TAO, pays the engineer, and his collateral keeps growing faster than the loan. Revenue model is simple. Suppliers deposit TAO and earn the root yield as a base rate, plus interest from borrowers as utilization rises. Way above root yield. Borrowers pay that interest to access liquidity. Think of it like a community bank where depositors and borrowers deal directly, no banker taking the spread. As a builder I'd integrate this for subnet teams and funds, so treasuries tap liquidity without nuking their own chart. That's a service people will pay for. I am hyped, the testnet borrow flow is open and I'll be testing it myself. Stay tuned for part 2 where I'll break down how mining works on this subnet. 1/2