HODL - The ETF Subnet

Incentivizing long-term conviction

Intro

Please reference our whitepaper for a comprehensive overview. For frequently asked questions, please see our FAQ document.

Roadmap

• V1, Live at launch: HODL ETF
• V2, Q1 2026: ETF Exchange
• V3, Q3 2026: Futures and Options

Transaction fees generated from V2/V3 will have a major percentage committed to automatic buybacks.

Installation

This subnet is zero code for miners. Please follow the Bittensor document to register a hotkey. Advanced miners can follow the simple setup below and run command ETF/bin/validator to check live scores. Also check out the convenient dashboard developed by Taoli.

Please avoid using the root account, and make sure Python3 is available as command python under a regular user account. Ubuntu 22.04 is the only officially supported OS, although many other OSes can also work with minimum tweaks, including macOS.

Setup

sudo apt update
sudo apt install npm -y
sudo npm install pm2 -g
git clone https://github.com/mobiusfund/etf
cd etf
# optional
python -m venv .venv
. .venv/bin/activate
#
python -m pip install -e .

Validator

# optional
. .venv/bin/activate
# quick start
ETF/bin/validator
#
pm2 start neurons/validator.py \
    --name etf-validator -- \
    --wallet.name {coldkey} \
    --wallet.hotkey {hotkey} \
    --netuid 118

Mining

Please stake the miner coldkey in one of the supported TrustedStake indexes in order to receive emissions. Currently supported indexes are: TSBCSI, Top 10, Full Stack, Fintech, and Bittensor Universe.

Besides the web-based app, a command-line app can be found under contrib/miner_cli/, developed by Gritty_dev.

It's important to note that the TrustedStake app is non-custodial. The app can stake/unstake on behalf of the miner, but neither TrustedStake nor the subnet can transfer funds. The coldkey remains safe and secure under full control of the miner. Please reference the security guide for further details.

To avoid conflicts of interest, the TrustedStake app completely ignores subnet 118. It will not include 118 in any index, nor stake/unstake any 118 alpha.

In addition, due to development involvement from Investing88 team members, subnet 88 has been removed from the Fintech and Bittensor Universe indexes for now, even though its inclusion long predated subnet 118. As the subnet and the TrustedStake app evolve, future inclusion or exclusion of 88 and all other subnets will be strictly based on objective criteria. No subnet will receive any special treatment.

Total subnet emissions are equally divided among the supported indexes. Miner score is calculated using the formula below, where $$S$$ is the coldkey stake amount in Tao, and $$D$$ is the stake duration in days:

$$\begin{aligned} & score = S \cdot \left( 1 + 0.25 \cdot ln \left( 1 + \frac {\ D\ } {\ 30\ } \right) \right) \\\ \end{aligned}$$

License

This repository is licensed under the MIT License.

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