Conviction Lock

A Conviction Lock lets you lock subnet tokens to a hotkey to signal long-term commitment to a subnet. Conviction is determined by how much you lock and how long you keep it locked. Enough conviction behind a hotkey can earn it the right to run the subnet.

Lock Types

• Perpetual: Locked indefinitely. Conviction keeps building.

• Decaying: Winds down over time. Conviction fades.

Create Conviction Lock

1. Open your Talisman wallet, locate your desired subnet token

1. Click Create Conviction Lock

1. Read the notice, click continue

1. Select how much of the subnet token you’d like to lock. Note that this is the amount that will be locked, and this transaction cannot be reversed.

1. Choose your lock type (“Decaying Lock” or ‘Perpetual Lock”)

1. Select the Hotkey that you would like to add your conviction

1. Once you’ve selected your desired details, click review

1. Review the details and Click “Confirm”.

Additional Actions for Conviction Lock in Talisman

View conviction lock

1. Select your Bittensor Account and select your desired subnet position (that you’d like to view the conviction lock for).

1. You’ll be able to view your conviction lock position and perform additional actions like change conviction hotkey and change conviction lock type.

Change conviction hotkey

1. Click the three dot menu (from your desired conviction lock) and select “Change Conviction Lock Hotkey”.

1. Click the pill to access the hotkey dropdown menu.

1. Select your desired hotkey.

1. Select “Review” after choosing your hotkey.

1. Check your transaction details and confirm the hotkey.

Change lock type

To change your lock type:

1. Click the three dot menu (from your desired conviction lock) and select “Change Conviction Lock Type”.

1. Click the lock type pill to access the menu.

1. Select the desired lock type.

1. Click “Review”.

1. Select “Confirm” and your lock type will be changed.

Transfer conviction lock

The conviction lock can be moved from one wallet address to another along with the subnet token balance. The conviction lock itself will only be moved if the full balance of that wallet is moved (i.e. if the sender clicks on "max" during the send tokens flow.

1. Set receiving address settings

Note that in order for the receiver to receive conviction locked tokens, they must have receive conviction lock settings turned on.

The receiving address can do this directly in Talisman. Click "Bittensor Settings" in your desired subnet position, indicated by the gear icon.

2. Click "Send" from the subnet token page

1. Click on "Max" to send the full balance including the conviction lock.

1. Read the notice and select "Proceed".

1. Review the details and confirm the transaction.

V 3.7.1.