On 27 July 2026 Bittensor started routing emission through a hill gate: each subnet's demand share is measured from its alpha price (discounted by miner burn), a bar θ is set where cumulative demand crosses 61%, and everything below the bar is choked toward zero emission. Above the bar, subnets keep essentially all of their share — and absorb what the tail loses.

This page models the rule for every subnet: demand share, gate multiplier, new emission share, the percentage-point swing, and the TAO per day each subnet's pool receives at the new rate — protocol-funded buy-side flow that lands directly in its AMM pool.

It also ranks pool dynamics: that daily injection measured against each pool's actual depth, net of miner sell-through. The biggest absolute winner is rarely the biggest pressure winner — a deep pool absorbs a large flow quietly, while a thin above-bar subnet can take over 2% of its depth in fresh TAO every day.