Investing

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# Investing - Decentralized AUM
[Dashboard](https://db.investing88.ai) • [Discord](https://discord.com/channels/799672011265015819/1358854051634221328) • [X](https://x.com/Investing88ai) • [KYM](https://kym.investing88.ai)
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---
- [Intro](#Intro)
- [Roadmap](#Roadmap)
- [Installation](#installation)
- [Mining](#Mining)
- [Scoring](#Scoring)
- [Disclaimer](#Disclaimer)
- [License](#license)

## Intro

Envisioned as the world's first Decentralized AUM, leveraging a worldwide network of both human and artificial intelligence, Investing is the Bittensor subnet with the mission to provide investment services for both retail and institutional investors.

The initial phase at launch was to optimize staking strategies in the Tao/Alpha ecosystem, by the community and for the community. Phase II US stocks was launched in July 2025.

[88 Quant Fund](https://db.investing88.ai/88-quant-fund) was launched in December 2025, a Tao/Alpha hedge fund powered by the subnet.

The business model and innovations will apply across other assets and markets including crypto, forex, commodities, extract alpha from these markets, minimize risks, and deliver optimized portfolio returns to a broad range of investors in the global [145 trillion dollar](https://www.pwc.com/ng/en/press-room/global-assets-under-management-set-to-rise.html) asset management industry.

Please reference the comprehensive [overview](https://github.com/mobiusfund/investing/blob/main/Investing/doc/Subnet88.md) for further info.

## Roadmap

Phase I - Live at launch: Staking strategies ✓ 04/25 \
Phase II - 3 to 6 months: Portfolio management with US stocks ✓ 07/25 \
Phase III - 6 months to 1 year: Multi-class asset management in global markets \
Phase IV - 1 year and beyond: Fully realized, Decentralized AUM \
In parallel - Ongoing: A frontend AUM app serving real-world investors

## Installation

For first-time miners, please follow the [Bittensor document](https://docs.learnbittensor.org/miners/) to register a hotkey.

The [KYM app](https://kym.investing88.ai) (Know Your Miner) provides a simple zero-code mining interface, making PM2 setup below optional. Even without involving PM2, it's recommended to install the repo in order to take advantage of the stand-alone tool `Investing/bin/simst` (Sim Strat) for back-testing strategies.

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

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

#### Miner

```bash
# optional
. .venv/bin/activate
#
pm2 start neurons/miner.py \
    --name investing-miner -- \
    --wallet.name {coldkey} \
    --wallet.hotkey {hotkey} \
    --netuid 88 #339 --subtensor.network test
```

#### Validator

```bash
# optional
. .venv/bin/activate
#
pm2 start neurons/validator.py \
    --name investing-validator -- \
    --wallet.name {coldkey} \
    --wallet.hotkey {hotkey} \
    --netuid 88 #339 --subtensor.network test
```

## Mining

When a strategy is filed under the `Investing/strat/` directory, it will be automatically submitted by the miner. Please see [README](https://github.com/mobiusfund/investing/tree/main/Investing/strat) for further info.

A strategy can be revised or "rebalanced" whenever necessary. It will be automatically resubmitted based on the file timestamp. Rebalancing can happen when updating the timestamp without changing the strategy file. A change in asset allocation will incur [slippage](https://docs.learnbittensor.org/learn/slippage) costs as well as [staking/unstaking](https://github.com/opentensor/subtensor/pull/1386) fees for Tao/Alpha, and transaction fees for other assets.

For US stocks, rebalancing is currently supported via two order types in a trading session: Market on Open (MOO) and Market on Close (MOC), to take advantage of maximum liquidity. Per NYSE and NASDAQ rules, only strategies submitted before 09:28 and 15:50 Eastern time will be counted. Currently supported [ticker symbols](https://api.investing88.ai/assets) are generally large cap assets.

To accommodate multiple asset classes, the UID space and subnet emissions are partitioned based on [asset ratio](https://api.investing88.ai/ratio), which will be adjusted over time as the subnet evolves.

All strategy updates are shown on the [dashboard](https://db.investing88.ai) immediately. Daily score calculation takes place at 00:00 UTC for Tao/Alpha, and 06:00 UTC for US stocks. The dashboard emphasizes raw performance rankings and comparisons between asset classes. To see adjusted rankings and scores set by validators that match on-chain incentives, use the `Investing/bin/validator` command.

One machine can run multiple miners with their corresponding strategies, with an extra argument e.g. `--axon.port 8092` added to the `pm2` command. However a new or revised strategy that is overly similar to a pre-existing one will receive a reduced score.

To curb UID spam, each miner requires a certain amount of Alpha. The total requirement is reflected on the coldkey, currently 192 Alpha staked + 64 Alpha paid, subject to adjustment.

A newly registered miner goes live on the dashboard after day 1, with an immunity period of 3 days.

The API messages returned during strategy submission will provide additional guidance on the workflow and logistics.

#### Testnet

Testnet can be used for connection testing. Testnet strategies will not be accepted nor evaluated. Both testnet and mainnet miners can easily evaluate their strategies using the `Investing/bin/simst` command.

## Scoring

Due to differences in investment style, risk tolerance, available capital, time horizon etc., there is no single "be