Investing
SN88Decentralised asset management with community-driven investment strategies
The world's first decentralized asset management subnet. Miners compete to build the best investment strategies, starting with Bittensor subnet staking, expanding to US stocks, and heading toward a fully decentralized hedge fund managing real money across global markets.
// A hedge fund built by competition.
Investing is a subnet where miners build and compete on investment strategies. In Phase I, miners optimized Bittensor staking strategies. In Phase II (live since July 2025), they manage US stock portfolios. In December 2025, the 88 Quant Fund launched as a real hedge fund powered by the subnet's best strategies.
The simple version: Imagine a competition where thousands of portfolio managers submit their best investment strategies, and the one that makes the most money with the least risk wins. Now imagine the winning strategy actually manages real money. That's Investing.
Centralized equivalent: Think Renaissance Technologies or Two Sigma, but the strategy development is crowdsourced through open competition rather than done by a secretive internal team.
How it works:
- Miners build investment strategies (staking optimization, stock selection, portfolio allocation) and submit them through the KYM (Know Your Miner) zero-code interface or programmatically. Strategies are backtested and scored on returns and risk metrics.
- Validators evaluate miner strategies against real market data, score performance, and set weights that determine emission distribution. The best-performing strategies earn the most.
- The problem it solves: Professional asset management charges 2-and-20 (2% management fee + 20% of profits) and is inaccessible to most people. Strategy development happens behind closed doors with no transparency.
- The opportunity: The global asset management industry manages $145 trillion. Even capturing a fraction through better, cheaper, more transparent strategies represents an enormous market.
- The Bittensor advantage: Decentralized competition surfaces strategies from a global talent pool. The 88 Quant Fund is the proof: real money managed by the subnet's best-performing strategies, with results visible on the dashboard.
- Traction signals: 159 active miners. 1,666 holders. 88 Quant Fund live since December 2025. KYM zero-code mining interface. Dashboard at db.investing88.ai. Phase roadmap executing on schedule.
Category: Financial Forecasting and Trading Signals | Centralized Competitor: Renaissance Technologies, Two Sigma, Numerai, QuantConnect
Investing is one of the more ambitious subnets in the ecosystem. Most financial subnets produce signals or predictions. Investing goes further: it's building an actual fund that deploys capital based on winning strategies. The 88 Quant Fund, launched December 2025, is the subnet's flagship product.
Mechanism:
The subnet operates in phases. Phase I (completed) optimized Bittensor staking strategies, essentially building the best alpha-token allocation models. Phase II (live since July 2025) expanded to US stock portfolio management. Phase III targets multi-class assets across global markets. Phase IV envisions a fully decentralized AUM with a frontend app serving retail investors.
The KYM (Know Your Miner) interface is a notable product decision: it provides zero-code mining, meaning anyone can submit strategies without writing code. This dramatically lowers the barrier to entry and widens the talent pool beyond programmers to include traditional finance professionals and retail investors with market intuition.
The codebase has 56 commits from a single contributor (Mobius Fund), with the last commit in December 2025. Development appears concentrated around the fund launch. The repository includes a standalone backtesting tool (simst) that miners can use to validate strategies locally.
Market metrics show a small but growing community. At 24,007 TAO market cap with 1,666 holders, it's early-stage. Gini of 0.624 and HHI of 0.065 indicate moderate concentration. Net 7-day inflow of 524 TAO is positive. The chain buy rate of 1.70% against an EMA of 1.30% gives a 1.31x acceleration ratio, showing steady accumulation. The 30-day price increase of 47% reflects growing interest.
Root proportion of 0.194 means the vast majority of value comes from organic demand. Unrealized PnL of 33,392 TAO across holders suggests solid conviction.
- Single contributor: All 56 commits from one source. The project's bus factor is 1, which is concerning for something managing real money.
- Development pause: No GitHub commits since December 2025. Three months without code changes for a live fund is unusual.
- Regulatory exposure: Managing real money through a decentralized subnet raises securities regulation questions. How the 88 Quant Fund navigates SEC/FINRA requirements is unclear.
- Track record: The fund launched in December 2025. Three months of live performance is too short to evaluate whether the subnet's strategies are genuinely competitive.
