Price-based subnet emission shares (with miner-burn scaling)

Status

Live on mainnet (since 2026-06-23)

Last reviewed

2026-06-23

Source PRs

opentensor/subtensor#2779 , opentensor/subtensor#2781 , opentensor/subtensor#2800

Superseded as the final formula by spec 440

As of spec 440 (2026-07-27), the price-based quantity on this page — price × (1 − miner_burned), renormalized — is now the demand input to a new emission gate, not the final emission share. Emission is no longer proportional to demand. This page still explains how demand is built; see The emission gate (spec 440) for what happens to it next.

Now live on chain

Price-based emission shares are live on chain (Subtensor PRs #2779, #2781, and #2800). The full explainer has moved into the emission concept docs.

For how emission works now — the live per-block share formula (share_i ∝ price_i × (1 − miner_burned_i)), the miner-burn scaling, the alpha-injection cap, and worked examples — see:

Tao Emission in Concepts → Tokenomics → How emission works.