Revenue Search: Inside Bittensor Subnet Session with James Ross from Synth: Forecasting the Future of Finance (SN50)
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Jul 15, 2025 
Join James Ross, Co-founder of Synth and founder of Mode, as he unpacks the fascinating world of synthetic volatility modeling. Discover why volatility is more crucial than price in finance, with miners generating millions of price paths for assets like BTC, ETH, and soon gold. Learn how Synth significantly outperforms traditional benchmarks and their plans for monetization through API access. James emphasizes the importance of recruiting elite data scientists to ensure long-term success in decentralized finance.
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Volatility Beats Point Price Forecasts
- Price is extremely hard to predict but volatility is mathematically modelable and can be continuously improved.
- Synth asks miners to submit many simulated price paths to capture volatility and edge cases for better training data.
Keep Refining Models Hourly
- Continuously refine models because different models excel in different volatility regimes.
- Compete constantly: miners are scored continuously and must improve to earn rewards.
An Olympic Competition For Simulations
- Synth functions like an Olympics for Monte Carlo simulations with many data scientists competing for token rewards.
- The competition yields weekly miner reports and deep performance analytics published by the Synth team.