Covalent Network announced plans to increase the maximum reward multiplier for CQT to enable users to earn more benefits.
It is reported that Covalent Network provides blob storage solutions on the Ethereum network through the Ethereum Wayback Machine to meet the needs of AI, data analysis (DA) and modularity.
By proposing to adjust the maximum reward multiplier, Covalent aims to meet the growing delegation needs of CQT holders and enable them to receive additional rewards. As part of the recent "New Dawn" plan, all CQT token holders can participate in the proposal voting.