Pressure Makes Diamonds: Bittensor's Resilience
About SN3 Teutonic
Covenant dumped $10M and called it decentralization theatre. Bittensor rebuilt SN3 in four days and shipped a mechanism that makes promises obsolete.
Read the article at The Subnet Signal (Manifold Labs) ↗
SN3 Teutonic at a glance
SN3, Teutonic (α token γ), is one of the independent markets on the Bittensor network, each with its own α token and its own price. Its α currently trades at 0.021167 τ (≈ $4.67), against 69,807 τ of pool liquidity. On-chain, the best-delegated validator on it yields about 46.62% APR (simple) and 59.39% APY (compounded), emissions add 0.002795 τ to the pool each block, epochs run every 360 blocks. It was registered at block #4,165,565.
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More from SN3 Teutonic
Taosis indexes announcements, articles, posts and releases about Bittensor subnets from their own channels and keeps a record of each. The text above is the source’s; the figures are read from the chain by Taosis.