Staking Parameter Update On or around 28/07, the following | Covalent Official Announcements

Staking Parameter Update

On or around 28/07, the following updates will be implemented to the staking contract that affects how much Operators can accept in delegations:

MaxCap Multiplier: Increased the ratio to 24:1 from 20:1. With this, the maximum a Network Operator can accept in delegations is 8,400,000 CQT.

With these updates, we can expect to see
- the total staked increase from 74,927,062.72CQT to 91,000,000.
- % of circulating supply staked increase from 21% to 26%