Bittensor Guru Episode 24 - Subnet 8 Proprietary Trading Network w/ Thomas
Apr 14, 2024
Dive into the thrill of a decentralized trading competition as industry experts discuss how 200+ miners compete in real-time Forex trading. Discover innovative solutions like the Request Network that allow users to purchase valuable predictions. The podcast also emphasizes balancing risk management with fresh strategies, the importance of community engagement, and a testnet for newcomers. Explore how democratizing trading can bridge gaps in financial markets and offer advanced tools to everyday traders.
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Episode notes
Subnet 8 Trading Pivot
- Subnet 8 shifted from forecasting Bitcoin prices to making explicit buy and sell trade predictions.
- This direct trade submission allows more actionable and competitive trading outputs from miners.
Balancing Freshness and Reliability
- The subnet balances fresh trade ideas with evaluating miners' historical performance.
- More recent successful trades are prioritized to ensure timely and reliable trade signals.
Use Risk-Adjusted Metrics
- Use a risk-adjusted loss function considering returns and variability to rank miners.
- High variability in returns penalizes miners even if they have some great trades.