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CovalentCovalentby0x9223B1b1aC6777f869F8e1C99Ea6c968af757E9f0x9223…7E9f

Governance Proposal: Extend the Security Budget with Updated Buyback Stats of $1.4M of CXT in Q1

Voting ended 10 months agoFailed

Covalent has executed $1.4M in CXT buybacks in Q1, increasing the runway for the security budget and replenishing its reserves. On top of this, this update is a proposal for critical steps to ensure the long-term sustainability of the protocol’s security budget. Updates include changes to the operator's list and airdrop news for EWM Light Client testnet participants.

Summary of Changes (2).jpg

Off-Chain Vote

Yes
5.86M CXT100%
No
0 CXT0%
Quorum:59%
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Discussion

CovalentGovernance Proposal: Extend the Security Budget with Updated Buyback Stats of $1.4M of CXT in Q1

Timeline

Apr 17, 2025Proposal created
Apr 17, 2025Proposal vote started
Apr 20, 2025Proposal vote ended
Apr 20, 2025Proposal updated