DEP: A Decentralized Large Language Model Evaluation Protocol

With the rapid development of Large Language Models (LLMs), a large number of benchmarks have been proposed. However, most benchmarks lack unified evaluation standard and require the manual implementation of custom scripts, making results hard to ensure consistency and reproducibility. Furthermore, mainstream evaluation frameworks are centralized, with datasets and answers, which increases the risk of benchmark leakage. To address these issues, we propose a Decentralized Evaluation Protocol (DEP), a decentralized yet unified and standardized evaluation framework through a matching server without constraining benchmarks. The server can be mounted locally or deployed remotely, and once adapted, it can be reused over the long term. By decoupling users, LLMs, and benchmarks, DEP enables modular, plug-and-play evaluation: benchmark files and evaluation logic stay exclusively on the server side. In remote setting, users cannot access the ground truth, thereby achieving data isolation and leak-proof evaluation. To facilitate practical adoption, we develop DEP Toolkit, a protocol-compatible toolkit that supports features such as breakpoint resume, concurrent requests, and congestion control. We also provide detailed documentation for adapting new benchmarks to DEP. Using DEP toolkit, we evaluate multiple LLMs across benchmarks. Experimental results verify the effectiveness of DEP and show that it reduces the cost of deploying benchmark evaluations. As of February 2026, we have adapted over 60 benchmarks and continue to promote community co-construction to support unified evaluation across various tasks and domains.

Bayesian Robust Financial Trading with Adversarial Synthetic Market Data

Algorithmic trading relies on machine learning models to make trading decisions. Despite strong in-sample performance, these models often degrade when confronted with evolving real-world market regimes, which can shift dramatically due to macroeconomic changes-e.g., monetary policy updates or unanticipated fluctuations in participant behavior. We identify two challenges that perpetuate this mismatch: (1) insufficient robustness in existing policy against uncertainties in high-level market fluctuations, and (2) the absence of a realistic and diverse simulation environment for training, leading to policy overfitting. To address these issues, we propose a Bayesian Robust Framework that systematically integrates a macro-conditioned generative model with robust policy learning. On the data side, to generate realistic and diverse data, we propose a macro-conditioned GAN-based generator that leverages macroeconomic indicators as primary control variables, synthesizing data with faithful temporal, cross-instrument, and macro correlations. On the policy side, to learn robust policy against market fluctuations, we cast the trading process as a two-player zero-sum Bayesian Markov game, wherein an adversarial agent simulates shifting regimes by perturbing macroeconomic indicators in the macro-conditioned generator, while the trading agent-guided by a quantile belief network-maintains and updates its belief over hidden market states. The trading agent seeks a Robust Perfect Bayesian Equilibrium via Bayesian neural fictitious self-play, stabilizing learning under adversarial market perturbations. Extensive experiments on 9 financial instruments demonstrate that our framework outperforms 9 state-of-the-art baselines. In extreme events like the COVID, our method shows improved profitability and risk management, offering a reliable solution for trading under uncertain and shifting market dynamics.