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Schedule Key Swap

This guide describes how to use the schedule coldkey swap feature. If you have a reason to believe that your wallet is at-risk as a result of July 2nd attack, as described in Bittensor Community Update — July 3, 2024, we strongly recommend that you use this feature to transfer your funds to a secure wallet. This feature schedules your funds transfer from an at-risk wallet to a new secure wallet.

If you decide to use this feature, then run the commands described in this guide before the Bittensor mainnet opens.

Window to use this schedule coldkey swap feature

You can use this schedule cold key swap feature only in the window starting Monday July 8, 5 PM US Eastern and ending when the mainnet opens fully on Thursday July 11, 5 PM US Eastern.

Description​

The schedule coldkey swap feature works like this:

  • The schedule coldkey swap feature enables you to only schedule the actual swapping of your TAO funds from your old potentially compromised coldkey to a new coldkey.
  • When you use this feature, it will not actually swap your TAO funds. It will only schedule the swap event.
  • All scheduled coldkey swaps will be executed on-chain when the mainnet opens for normal operations.

Do not use this feature if​

You may not need to use this feature. Do not use this feature if any of the following are true for you:

  • If you never used btcli, regardless of the Bittensor version, then do not use this feature. Your funds are safe.
  • If you never used Bittensor version 6.12.2, then do not use this feature. Your funds are safe.
  • If you only used any wallet browser extension or only a wallet application such as below, then your funds are safe:
    • The Bittensor Wallet (for Chrome or iOS)
    • SafeWallet, Talisman, Polkadot Vault, Tensor Wallet, Nova Wallet, polkadot.js
    • Websites that utilize polkadot.js such as Taostats.io for staking unstaking
  • If you hold your TAO only on exchanges, then your funds are safe.
  • If you installed Bittensor 6.12.2 not via PyPi package but directly from GitHub source, then do not use this feature. Only the PyPi package of Bittensor 6.12.2 is malicious.

Use this feature only if​

Use this feature ONLY:

  • If you downloaded the Bittensor PyPi package for the Bittensor version 6.12.2 and then performed any of the below operations.

    Impacted btcli 6.12.2 operations

    btcli stake add
    btcli stake remove
    btcli wallet transfer
    btcli root delegate
    btcli root undelegate
    btcli root set_take
    btcli subnet register
reminder

If you installed Bittensor 6.12.2 not via PyPi package but directly from GitHub source, then do not use this feature. Only the PyPi package of Bittensor 6.12.2 is malicious.

Installing the schedule coldkey swap feature​

Currently this feature is available on testnet only

The schedule coldkey swap feature is available only at the below specified subtensor and bittensor repo branches and the testnet URL:

  • Testnet URL: wss://test.finney.opentensor.ai:443/.

  • Bittensor repo and branch:

    1. First make sure you use a virtual environment.
    2. Then install the feat/arbitrage-coldkeys branch of the Bittensor repo by running the below command:
    /bin/bash -c "$(curl -fsSL https://raw.githubusercontent.com/opentensor/bittensor/feat/arbitrage-coldkeys/scripts/install.sh)"
    1. Test if you installed the schedule coldkey swap feature by running the below command:
    btcli wallet --help

    which should show schedule_coldkey_swap as one of the positional arguments.

Detailed steps using btcli​

Syntax​

btcli wallet schedule_coldkey_swap [--new_coldkey <new_coldkey_ss58_address>]

This command is used to schedule a swap your coldkey to a new coldkey. You must specify the new coldkey address. You must first separately create a new coldkey before using it in this command.

The command checks for the validity of the new coldkey and prompts for confirmation before proceeding with the scheduling process.

Important​

  • This command does not immediately swap the coldkeys. It will schedule the coldkey swap event after a delay of 72-hours from the time this command is run.
  • The actual coldkey swap event occurs on-chain when the chain is back to normal operations.
  • This is a free transaction. However, you need a balance of at least one TAO in your old coldkey, or one TAO staked, to initiate a coldkey swap to your new coldkey.
Do not run this command more than once using a same coldkey

Example​

btcli wallet schedule_coldkey_swap --subtensor.network=test

Sample output:

btcli wallet schedule_coldkey_swap --subtensor.network=test
Enter wallet name (default): 
Enter new coldkey SS58 address: 5HM...Srw
⚠If you call this on the same key multiple times, the key will enter arbitration.
Enter password to unlock key: 
Good news. There has been no previous key swap initiated for your coldkey swap.
Do you want to schedule a coldkey swap to: 5HM..Srw? [y/n]: y
Successfully scheduled coldkey swap.

For help​

For help description, run:

btcli wallet schedule_coldkey_swap --help

Arbitration​

When multiple coldkey swaps, involving either the same old coldkey or the same new coldkey, are scheduled, then the swap will not be performed when the mainnet opens. Instead, the swap enters an arbitration stage where the Senate votes to determine which coldkey swap should occur.