# Into: ForeverMoney A Bittensor subnet that turns Uniswap liquidity provision into an open contest: independent operators pitch rebalancing strategies, validators backtest them, and the winning trades get minted on-chain. // Liquidity strategies that compete on-chain --- > New to Bittensor? Start here. Experienced users can skip to the full analysis. ### What is ForeverMoney? ForeverMoney (Subnet 98) is a Bittensor subnet focused on automated liquidity management. It targets one specific DeFi problem: when you provide liquidity to a concentrated-liquidity pool like Uniswap V3, where should your capital sit, and when should it move? Instead of a single team setting those rules, ForeverMoney runs an open competition where independent operators submit strategies and the best-scoring ones manage real positions. **The simple version:** It is like a fantasy-sports league for liquidity provision. Everyone submits a lineup, in this case a rebalancing strategy, the league scores how it would actually have performed, and the top pick gets to play with real money. **Centralized equivalent:** Think managed Uniswap LP vaults like Gamma Strategies or Arrakis Finance, where one in-house team writes the rebalancing logic. ForeverMoney opens that role to a competitive market of strategies instead. **How it works:** - **Miners** propose rebalancing decisions. For each pool, a miner returns a set of desired positions, meaning the price ranges to hold liquidity in. To be eligible at all, a miner first registers an on-chain vault contract that the subnet can read. - **Validators** score those proposals by simulating them forward from the current chain state, then dispatch the winning strategy to be executed on-chain through the vault. --- ### Why This Matters - **The problem it solves:** Concentrated-liquidity AMMs let you earn more fees by tightening the price range you provide into, but that same tightness means your position keeps drifting out of range and bleeding to impermanent loss. Managing it well is a real, ongoing job. Most liquidity providers either overpay a managed vault or do it poorly themselves. - **The opportunity:** If a competitive market of strategies can out-manage a single in-house team, the same model can apply to any concentrated-liquidity venue, not just one pool. - **The Bittensor advantage:** Strategies are scored on simulated performance before any capital moves, so the subnet can keep promoting whatever is working without having to trust any single operator's track record. - **Traction signals:** The clearest signal right now is the code. ForeverMoney runs a public repository with five contributors and commits continuing into mid-May 2026, including a working executor that performs swaps on-chain. Subnet-specific discussion on social channels is thin, and on-chain the subnet's emission share currently sits at 0%, which we unpack below. --- ## Full Analysis **Category:** Other (DeFi, automated liquidity management) | **Centralized Competitor:** Gamma Strategies, Arrakis Finance Concentrated liquidity, introduced by Uniswap V3 and used by venues like Aerodrome, let liquidity providers concentrate their capital into a chosen price band rather than spreading it across the whole curve. That earns more fees per dollar when the price stays in band, and earns nothing while exposing the position to impermanent loss when it does not. Deciding the band and rebalancing it is exactly the kind of repetitive optimization problem an incentive market can attack. **Mechanism:** Per the project's own repository, ForeverMoney optimizes liquidity provision on Uniswap V3 and Aerodrome pools running on Base, an Ethereum Layer 2. Validators run multiple jobs concurrently, one per trading pair. Within each job there are two phases. In the evaluation round, every eligible miner receives a rebalance query and proposes desired positions, which are scored against a forward simulation from the current chain head. In the live round, the winning miner's positions are dispatched to an executor that mints them on-chain through the vault's Safe. Only miners that have registered an on-chain liquidity-manager vault are queried at all, and a miner must clear a participation gate of consistent evaluation performance before its strategies are trusted with live execution. The scoring, again from the repo, is a bounded relative-return number with an impermanent-loss penalty and a small bonus for staying in range, smoothed with an exponential moving average per trading pair. A failed live execution short-circuits to the worst possible score, which puts a hard premium on strategies that actually work when real money is on the line. After each evaluation-and-live pair, a job sleeps for roughly four hours before the next round. On development, the picture is active. A direct check of the GitHub repository shows the most recent public commit on the development branch dated 14 May 2026, across five contributors, with recent work on the executor's on-chain swap path and the miner documentation. This is a live API reading, not a cached snapshot. The on-chain economic picture is more cautious, and worth stating plainly. ForeverMoney's share of network emissions currently sits at 0%. Under Bittensor's current emission model, called Taoflow and live since November 2025, a subnet's emission share is driven by its net staking flows, the difference between TAO staked in and unstaked out, smoothed over time. A subnet whose net flows are negative receives no emission share, and ForeverMoney's recent net flow has been negative. Its alpha token trades around 0.00354 TAO, against a pool holding roughly 5,800 TAO of depth. The subnet registered in April 2025, which means it is well past its four-month network immunity, the window during which a subnet cannot be deregistered. That combination is the central risk here, and we treat it as one below. --- ### Risk Factors - **Deregistration:** With emission share at 0% and the subnet past its immunity period, ForeverMoney is exposed to Bittensor's automatic deregistration, which removes the subnet with the lowest moving-average price among non-immune subnets and can trigger roughly every two days. A return to positive net staking flows is what would lift the emission share back above zero. - **Execution dependence:** The live path relies on an external executor and Safe-based vaults on Base. The project's own scoring assigns the worst possible score to a failed live execution, so the reliability of that on-chain bridge is core to the design, not a side detail. - **Competition:** Managed concentrated-liquidity is a crowded niche. Gamma Strategies, Arrakis Finance, and other vault providers already compete for the same liquidity, and ForeverMoney has to out-perform them to justify the model. - **Limited public traction signal:** Beyond the repository, there is little subnet-specific social or third-party coverage to corroborate adoption yet, so demand-side validation is still mostly unproven. --- Into the next one.