Glossary

Your annualised return over a trailing window. α counts only the alpha you earned, τ adds what the alpha did against TAO, $ adds what TAO did against the dollar.

The asymmetry is deliberate: a linear gain stays readable on a young position, while a compounded loss cannot print below −100%, which is the real floor. The starting point is not simply the first day you held something: it is the first day you held at least 1% of your peak alpha for that window, which is what stops a dust prefix from printing an astronomical return, and it is why "days observed" can be shorter than the window you picked. The three dimensions answer three different questions and diverge on purpose: a positive α with a negative τ means you earned tokens while their price fell. Empty cells have several causes, not one: an alpha return above 1000% blanks all three (the guard against emission-funded and faucet wallets, with the absolute change shown instead), a wallet holding only root or free TAO has no alpha dimension at all so that one alone stays empty, and a window with no qualifying starting day is empty throughout. On a 30-day window the app flags a sample shorter than 15 observed days.

Two ways of deciding what a token cost you. WAC averages every purchase into one blended price. FIFO matches each sale against your oldest purchases. Then two ways of putting that in dollars: "throughout" records the dollar value at every trade, "then" computes the result in TAO and converts it at today's rate.

WAC is smoother and easier to read; FIFO is what most tax regimes expect. Likewise "throughout" is the rigorous accounting answer and the only one that adds up over time, while "then" reprices your whole history at today's rate. Never read a difference between two dates in "then" mode: a week in which you did not trade at all can show a dollar gain or loss purely from the TAO/USD move, sometimes with the opposite sign to your TAO result. Where the toggles apply is narrower than it looks: the four flavours are all served, but only the PnL dialog lets you switch between them. The holdings table is fixed on WAC in TAO, and the CSV export always writes FIFO with the throughout dollars, whatever you had selected.

Realized is the profit or loss you have actually booked by closing positions. Unrealized is what you are up or down on what you still hold.

Unrealized marks your alpha at the hourly closing price, with no fee and no slippage, so it reads higher than the exit-value pricing used for validator and account totals: it answers "what is it worth", not "what would I get". Moving alpha between subnets or hotkeys realizes nothing, it carries its cost across; a burn, on the other hand, realizes the full loss. Sending stake to another wallet books a real disposal at the market price inside Realized, and receiving it opens a fresh position at the price on arrival rather than inheriting the sender's basis. Both figures come in a WAC and a FIFO flavour (see Cost basis) and in two USD flavours. Realized 24h is the change since the previous daily snapshot rather than a rolling 24 hours, so it steps once a day; the baseline is anchored to the snapshot date, so a late sync shifts the window instead of breaking it, and the payload names the date it started from. Unrealized 24h is a different animal: a live trailing window, what you hold right now × (price now − price 24 hours ago), recomputed on every request with no cost basis involved, so it moves with the market all day and exists from the first day you hold something.

Spot prices your tokens at the pool price, as if size did not matter. Realizable estimates what you would actually receive selling them through the pool, fee and slippage included.

The gap between the two is the honest cost of your own size: it widens with the position and with how thin the pool is. Note the fee comes off before the curve, not after. The simulation runs once per subnet on your whole alpha there, then splits the result pro-rata, so per-position figures DO add up to the subnet total and the subnets add up to the portfolio; what is true is that any one position sold on its own would fetch more per alpha than its share of the joint sale. For reference the chain refuses any single swap larger than 1000× the input-side reserve, but that guard is far beyond any real position and the simulation here does not model it.

Alpha or TAO you moved to or received from another wallet, valued at the price when it moved. Shown for context, never added on top of your totals.

A transfer out is already counted inside Realized as a disposal at market price, which is why adding these on top would double-count. On the receiving side the alpha arrives with a fresh cost basis at the market price of the day rather than the sender's basis, so moving stake between two wallets you both own resets your entry price. Moving alpha between your own hotkeys or subnets is a different operation and is not counted here at all.

What a position is worth in TAO, and how much of the portfolio it represents.

Live balances and pool reserves come straight from the chain, so the portfolio never lags behind your wallet. Switching to Realizable changes the value, and therefore every share, at once. If the chain connection drops, the app falls back to the API for the subnet list, which carries neither the pool weights nor the per-subnet fee, and Realizable quietly becomes a rougher estimate.