Proprietary Trading Network is now Vanta Network!
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Table of contents
What is Bittensor?
Bittensor is a mining network, similar to Bitcoin, that includes built-in incentives designed to encourage computers to provide access to machine learning models in an efficient and censorship-resistant manner. Bittensor is comprised of Subnets, Miners, and Validators.
Explain Like I'm Five
Bittensor is an API that connects machine learning models and incentivizes correctness through the power of the blockchain.
Subnets are decentralized networks of machines that collaborate to train and serve machine learning models.
Miners run machine learning models. They send signals to the Validators.
Validators recieve trade signals from Miners. Validators ensure trades are valid, store them, and track portfolio returns.
This repository contains the code for the Vanta Network developed by Taoshi.
Vanta receives signals from quant and deep learning machine learning trading systems to deliver the world's most complete trading signals across a variety of asset classes.
🛠️ Open Source Strategy Building Techniques (In Our Taoshi Community)
🫰 Signals From a Variety of Asset Classes - Forex, Crypto, Equities, and Commodities
📈 Millions of $ Funding to Top Traders
💪 Innovative Trader Performance Metrics that Identify the Best Traders
🔎 Trading + Metrics Visualization Dashboard
🔎 Maximum Transparency for all updates
Vanta is the most challenging & competitive network in the world. Our miners need to provide futures based signals (long/short) that are highly efficient and effective across various markets to compete (forex, crypto, equities, commodities). The top miners are those that provide the most returns, while never exceeding certain drawdown limits.
- Miners can submit LONG, SHORT, or FLAT signal for Forex, Crypto, Equities, or Commodities trade pairs into the network during market hours. Currently supported trade pairs
- Miners are eliminated if they are detected as plagiarising other miners, or if they exceed a 5% intraday drawdown from the day's opening equity, or an 8% end-of-day drawdown from their highest-ever end-of-day equity (high-water mark) (more info in the "Eliminations" section).
- There is a fee for leaving positions open "carry fee". The fee is equal to 10.95%/3% per year for a 1x leverage position (crypto/forex respectively); equities instead pay a 3%/yr stock-borrow fee (short) or 6.6%/yr margin interest on the borrowed amount (long); commodities currently carry no fee for standard positions More info
- There is a spread (transaction) fee applied to crypto, equities, and commodities orders, calculated as a percentage of order value - 0.5% for crypto and equities, 0.45% for commodities (forex and indices have no spread fee). This simulates a transaction cost that a normal exchange would add.
- There is a slippage assessed per order. The slippage cost is is greater for orders with higher leverages, and in assets with lower liquidity.
- Miners are rewarded using a debt-based scoring system that tracks their emissions, performance, and penalties. Weights are set based on the previous week's performance (PnL scaled by penalties), with payout periods starting and ending at midnight UTC on Sunday More info
With this system only the world's best traders & deep learning / quant based trading systems can compete.
In the Vanta Network, Eliminations occur for miners that commit plagiarism, breach the drawdown limits, or fail to exit probation in time.
Miners who repeatedly copy another miner's trades will be eliminated. Our system analyzes the uniqueness of each submitted order. If an order is found to be a copy (plagiarized), it triggers the miner's elimination.
Miners who exceed a 5% intraday drawdown (measured from the day's opening equity) or an 8% end-of-day drawdown (measured from their highest-ever end-of-day equity) will be eliminated. Our system continuously tracks each miner's equity to enforce these limits and maintain risk control.
Miners who rank below the 25th highest ranking miner in each asset class will be observed in a probationary period. From that point, they have 90 days to achieve a rank of 25 or better in their asset class. If they fail to do so within that window, they will be eliminated.
After elimination, miners are not immediately deregistered from the network. They will undergo a waiting period, determined by registration timelines and the network's immunity policy, before official deregistration. Upon official deregistration, the miner forfeits registration fees paid.
IMPORTANT: Once a hotkey is eliminated or deregistered from the network, it is permanently blacklisted and cannot be re-registered. The network internally tracks all departed hotkeys (both eliminated and voluntarily deregistered) in a frozen/blacklisted state.
If you attempt to re-register a previously used hotkey after elimination or deregistration:
- Your orders will be rejected by validators
- You will not be able to participate in the network
- You will need to create and register a completely new hotkey to participate again
Each registration requires a fresh, unused hotkey. This policy ensures network integrity and prevents circumventing elimination penalties.
Take a look at the top traders on Vanta Dashboard
Please see our Validator Installation guide.
Please see our Miner Installation guide.
We recommend joining our community hub via Discord to get assistance in building a trading strategy. Analysis and information on how to build a deep learning ML based strategy will continue to be discussed in an open manner by team Taoshi to help guide miners to compete.
To contribute to Taoshi, open a pull request or file an issue on this repository. For support, join us in the Vanta Trading Discord.
Bittensor's source code in this repository is licensed under the MIT License. Taoshi Inc's source code in this repository is licensed under the MIT License.