Parked

The subnet implements a client-server architecture where validators (treasury operators) broadcast auction opportunities and miners submit bids for alpha across portfolio subnets. Miners maintain per-coldkey state directories tracking bidding limits, auto-sell configurations, and payment status. The Runtime component in miners handles auction processing with configurable timeouts (3s), while a separate Payments component processes Win notifications (1s timeout) in background tasks.

Validators coordinate a multi-master architecture with metagraph synchronization under RPC locks, deterministic epoch progression, and on-chain commitment publishing via IPFS. AsyncSubtensor instances (shared for reads, separate for payments/settlement) manage parallel chain operations. The StateStore layer persists local state and treasury whitelists across restarts, while the Strategy layer applies YAML-based weights to subnet capital allocation.

The mechanism operates in a deterministic 4-phase epoch cycle: (1) Auction & Clearing (epoch e): Validators broadcast AuctionStart, miners submit bids with subnet_id, alpha_amount, and discount_bps. Bids are valued using slippage-aware pricing and reputation caps. Winners receive Win invoices with payment windows in e+1. (2) Commitments (epoch e+1): Validator publishes auction snapshot as CID on-chain and full JSON to IPFS, maintaining strict publishing order for e−1 only. (3) Settlement (epoch e+2): Validator scans on-chain alpha transfers during payment windows, credits delivered alpha, burns underfilled amounts to UID 0, computes miner incentives based on alpha delivered. (4) Weight Setting: Incentives from epoch e are applied in epoch e+2.

Miners with higher delivered alpha and consistent performance receive higher weights. Reputation caps and budget signaling enforce long-term alignment and prevent capital overallocation to any single miner.