Stack

Rewards, backed by Bittensor subnets.

Every $STACK trade pays a fee. Half is sent to holders and half goes into a Bittensor subnet. Everything the subnet earns goes to holders too. Holders are paid in wrapped TAO.

See the analytics

The match

How it works

Read the long version
halfhalfallFeeevery tradeHolderspaid in wrapped TAOSubnetstaked, our own keyRewardsnewly minted
  1. 01

    A trade pays a fee

    Every $STACK trade on Solana pays a fee to the treasury wallet. The keeper claims it and swaps it for wrapped TAO.

  2. 02

    Half is sent to holders

    Half of that TAO is sent to holders, in proportion to the $STACK they hold.

  3. 03

    Half goes into a subnet

    The other half crosses to Bittensor and is staked into one subnet. A dollar in for every dollar sent.

  4. 04

    The subnet earns

    The subnet pays its stakers newly minted tokens about every 72 minutes, straight into the position.

  5. 05

    All of it goes to holders

    Everything the subnet earns is unstaked, bridged back to Solana and sent to holders as wrapped TAO.

  6. then

    Own a subnet

    The stake is locked toward one hotkey. Once that lock is more than 18% of the subnet's token and the subnet is a year old, the chain moves ownership to us. The owner receives 18% of what the subnet emits.

The goal

Acquiring a subnet

Four paths rewrite a subnet's owner. The keeper is configured for the one marked, and its progress is on the analytics page.

Four ways a subnet changes hands

  1. Register a new subnet

    Pay the live lock cost into a new pool. The registrant gets ownership and no alpha, and the cost is not refunded.

  2. Buy an existing subnet

    Agree a price off-chain and take delivery by a coldkey swap, announced five days ahead with the seller’s key frozen.

  3. Conviction takeover

    Which we use

    Lock more than 18% of a year-old subnet’s alpha toward one hotkey and the chain moves ownership to that hotkey’s coldkey at the end of the epoch.

  4. Crowdloan lease

    A crowdloan pays the lock cost and a beneficiary receives ownership when the lease ends. Contributors get a share of the owner cut, not ownership.