What happened with Covenant AI and Bittensor? Learn about Covenant’s exit, rug pull accusations, Conviction governance, Teutonic’s 80B AI model, and what’s next for TAO.
Following Covenant AI’s rug pull, the proposed “Locked Stake” model aims to prevent future harm by tying subnet ownership to long-term stake commitment.
Yesterday, we reserved judgment. Today, it's time to call a spade a spade. This was a rug pull masked as a frustrated, genuine builder's final resort.
Covenant AI exits Bittensor over governance and centralization concerns, triggering a market reaction as TAO drops and subnets decline.
