Governance Proposal: Preparation to Transition the Covalent Network to Base

The Covalent Network proposes update operator parameters by setting the minimum stake to 350k $CXT, the maximum stake to 1M $CXT, and the max multiplier to 50X. This strengthens a higher-commitment operator cohort, maintains ~30–35% $CXT staked (~300M locked), and prepares the network for a future governance vote on migrating production to Base.

Summary of Proposed Changes

Eligibility All CXT token holders — staking, delegating, or holding CXT on Ethereum or Base — are eligible to vote.