τDOGE is a synthetic Dogecoin that is derived from Bitcoin mining power in the form of BTCST. The price of τDOGE is pegged 1:1 to that of Dogecoin in accordance with the price pegging mechanism of the Tau Protocol and BTCST's STP 8: Restorative Rebase. The underlying collateral backing τDOGE is provided by institutional miners representing 12% of the entire Bitcoin hashrate. τDOGE will enable a variety of DeFi use cases and can currently be mined with BTCST.