Tao Emission Distribution

Every block, 1 tao* is emitted by the chain (until 10.5M blocks are emitted and the first halving occurs). Where do these blocks go?

The tao is divided amongst the subnets and the fraction of tao awarded to each subnet is placed into the tao_in of the Subnet Pools.

*The amount of tao emitted each block is dependent on how much tao is emitted into each subnet pool. This can potentially be less than one.

Determining the emission into each Subnet pool.

In the past, Subnet emissions were set by validators, and Yuma Consensus would aggregate the results based on validator stake and consensus. This is no longer the case.

There are two terms that
Tao emission (also known as tao_in) on a subnet is a comparison of the previous block's emission and the alpha price. The lower value is used as the new emission.

Total tao emitted

While the maximum amount of tao emitted is 1 tao per block. However, the actual amount of tao emitted will be the sum of tao_in across all subnets. If the emission across all subnets is less than one, that is what is emitted from the chain.