# bonds_moving_avg (/docs/hyperparameters/bonds-moving-avg) `bonds_moving_avg` controls how slowly validator bonds track a validator's current weights. Subnet owners tune it to decide how long validators must hold a position before their bonds (and thus dividends) catch up; validators care because it sets how fast early, correct weight calls pay off. ## How it works [#how-it-works] Bonds are an exponential moving average over each validator–miner pair. Every epoch the chain computes ``` B(t) = alpha × ΔB + (1 − alpha) × B(t−1) ``` where `alpha = 1 − bonds_moving_avg / 1,000,000` (`compute_ema_bonds_normal` in `pallets/subtensor/src/epoch/run_epoch.rs`). The default 900,000 gives alpha = 0.1: each epoch a bond moves 10% of the way toward the validator's instant bond. Higher values mean stickier bonds and slower dividend response; lower values make bonds chase current weights quickly, weakening the reward for early conviction. The flat rate applies on the classic consensus path, and also on the [`yuma3_enabled`](/docs/hyperparameters/yuma3-enabled) path whenever [`liquid_alpha_enabled`](/docs/hyperparameters/liquid-alpha-enabled) is off (`compute_disabled_liquid_alpha`). With liquid alpha on, the per-pair sigmoid rate replaces it entirely. Subnet owners can set at most 975,000 (`BondsMovingAverageMaxReached` in `pallets/admin-utils/src/lib.rs`); only root can go higher. ## Reading and setting [#reading-and-setting] ``` btcli sudo get --netuid N --name bonds_moving_avg ``` Stored over 1,000,000 (900000 = 0.9). The set command accepts either the raw integer or the human fraction with a decimal point: ``` btcli sudo set --netuid N --name bonds_moving_avg --value 0.9 ``` ## Related [#related] [`liquid_alpha_enabled`](/docs/hyperparameters/liquid-alpha-enabled), [`alpha_low`](/docs/hyperparameters/alpha-low), [`alpha_high`](/docs/hyperparameters/alpha-high), [`bonds_penalty`](/docs/hyperparameters/bonds-penalty), [`yuma3_enabled`](/docs/hyperparameters/yuma3-enabled)