How Bittensor Gets Stronger Post-Covenant Rug Pull
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.
Covenant
The Rug Pull of Covenant AI
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 Bails on Bittensor, Citing Centralization Concerns
Covenant AI exits Bittensor over governance and centralization concerns, triggering a market reaction as TAO drops and subnets decline.