Covalent Official Announcements

2022-08-05 19:57:47 We're headed to Korea Blockchain Week for the first time!

Don't miss a chance to our CEO & Co-founder, Ganesh Swami & our Data Journalist, Daniel Park while you're there!

Ganesh is speaking on a panel → Data Economy Powered by Blockchain Analytics on Aug 8th @ 2.45pm local time.


Details: https://koreablockchainweek.com/etn-speaker/ganesh-swami/


Spread the word: https://twitter.com/Covalent_HQ/status/1555598856896774145 Open / Comment

2022-08-05 01:30:38 Important announcement from the Nomad Team regarding the bounty: https://twitter.com/Covalent_HQ/status/1555314752913494017 Open / Comment

2022-08-03 01:05:05 A summary of what Ganesh spoke today in his message to the community:

https://twitter.com/Covalent_HQ/status/1554588793201561600 Open / Comment

2022-08-02 20:02:34 Ganesh is LIVE: https://us06web.zoom.us/j/83757846611 Open / Comment

2022-08-02 19:48:42 Our CEO & Co-founder, Ganesh will go LIVE in the next 10 mins as he speaks about the recent incident.

Here: https://us06web.zoom.us/j/83757846611 Open / Comment

2022-08-02 06:47:11 UPDATE:

The team is all hands on deck as we formulate a response in consultation with our partners, including white hats.

We'll share concrete next steps at 10 am PST tomorrow.

Thanks for your patience & understanding. We will build our way out of this situation.


Tweet: https://twitter.com/covalent_hq/status/1554312498894950406?s=21&t=7yMjfcs3LO08_qtyKynzsA Open / Comment

2022-08-02 03:35:43 Attn. everyone!

We're aware of the Nomad incident. CQT bridged there was drained (along with USDC, WETH & other assets for over $175M)

This stolen CQT is about 13% of the supply. The team is working on a detailed report & will share an update soon.

DO NOT USE the Nomad token bridge for now!


Official Covalent statement: https://twitter.com/Covalent_HQ/status/1554264516266840064

Official Nomad statement: https://twitter.com/nomadxyz_/status/1554246853348036608 Open / Comment

2022-07-28 19:30:48 As of 09:30 am PST, the staking parameters have been changed

- MaxCap Multiplier: The ratio has increased to 24:1 from 20:1. With this, the maximum a Network Operator can accept in delegations is 8,400,000 CQT. Open / Comment

2022-07-27 23:26:23 Watch the Covalent x Cronos Developer Workshop in case you missed it this morning!

We covered:

Overview of Cronos
Using the Covalent API with Cronos
GameFi demos



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Spread the word: https://twitter.com/Covalent_HQ/status/1552357797781614594 Open / Comment

2022-07-27 18:24:21 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% Open / Comment