Subnet 28
Foundry Accelerate
Foundry’s S&P 500 Oracle Subnet incentivizes miners to predict and compete on S&P 500 price forecasts
SN28:Foundry
| Subnet | Description | Category | Company |
|---|---|---|---|
| SN28:Foundry | dTAO stress test | Oracle | Foundry |
Foundry has launched the S&P 500 Oracle Subnet, encouraging miners to frequently predict the S&P 500 price during trading hours. Validators assign miners future timestamps for which they must forecast the S&P 500 price. Miners submit their predictions, stored by validators until maturity, when scores are calculated. This setup fosters natural competition among miners, driving them to excel in their predictions.
Integrating Bittensor into financial markets opens the gateway to the world’s largest system—the global economy. Starting with predictions on the S&P 500 is ideal due to its widespread use and recognition. Financial market predictions were chosen for several key reasons:
Adversarial Environment: The competitive rewards structure fosters a diverse ecosystem where miners strive to excel by experimenting with different datasets, training methods, and model architectures to develop high-performing models.
Utility: Financial markets offer a vast user base comprising professional traders, wealth managers, and individual investors.
Objective Rewards Mechanism: Tying rewards to an external source of truth (such as Yahoo Finance’s S&P Price) enhances the subnet’s defensibility against gamification.
Subnet Team Information
