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CovalentCovalentby0x9223B1b1aC6777f869F8e1C99Ea6c968af757E9f0x9223…7E9f

Governance Proposal: Increasing the Max Multiplier and Confirming the Onboarding of more Block Specimen Producers

Voting ended over 1 year agoSucceeded

The Covalent Network proposes increasing the max delegation room for CXT holders to 40X, targeting roughly ~35% of the circulating supply staked—or approximately ~297M CXT, with 5 new Block Specimen Producers (BSP) being onboarded at 300K CXT staked each on average.

Max Multiplier Table@2x (1).png

Off-Chain Vote

Yes
14.98M CXT100%
No
0 CXT0%
Quorum:150%
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Discussion

CovalentGovernance Proposal: Increasing the Max Multiplier and Confirming the Onboarding of more Block Specimen Producers

Timeline

Jul 31, 2024Proposal created
Jul 31, 2024Proposal vote started
Aug 02, 2024Proposal vote ended
Aug 03, 2024Proposal updated