Subnet takeover watch

The chain hands a subnet to a new owner only once the subnet is at least a year old (365.25 days from its registration, the chain's age gate), and only to the top-scoring hotkey of all — the owner's hotkey, which carries the owner's own locks, included — when its matured conviction is above 18% of the subnet's eligible α and that hotkey belongs to another coldkey than the owner's. So each row shows the strongest challenger (the top-scoring hotkey another coldkey owns) against that bar, and the owner's side it must out-score as well: a challenger over the bar changes nothing while the owner's side leads. Before the age gate opens no conviction can take a subnet over, so a young subnet's progress is shown greyed out with the date its gate opens. Taosis already answered this one subnet at a time; this is the whole network at once, ranked by how far along the strongest challenger is.

The threshold comes from the chain's own code, not a published article (the 10% figure quoted elsewhere is wrong at the source). Eligible α is α staked out minus protocol-owned and burned α. What conviction locks are · read from the chain Oct 20, 2026, 06:43 UTC · SN59 and SN103 have no eligible α: α staked out, less protocol-owned and burned α, reads 0 on chain, so there is nothing to take over — not ranked.

A high percentage is not a prediction. Conviction matures over time and decays if the lock is not perpetual, so a position near the line can fall back on its own. The owner's own locks are not left out of the contest: they count on the owner's hotkey, on the owner's side, which the challenger must out-score as well as clear the bar. That side is not ranked as a challenger because the chain never hands a subnet to the coldkey that already owns it.