Governance Proposal: Increasing the Max Multiplier to 45X to Solve Fragmented Delegation

The Covalent Network proposes increasing the Max Multiplier to 45X increasing the delegation room for CXT holders by ~30 million CXT, resolving the fragmented delegation issue and enabling broader staking participation. This measure aligns with Covalent’s vision of enhancing network scalability, decentralization, and community engagement, particularly in light of the rapid excitement from OKX staking and other community participants.

Summary of Proposed Changes

Eligibility: All CXT token holders, including those who are staking, delegating, and even CXT token holders on Base, are eligible to participate in the governance vote.