Covalent Launches Governance Proposal to "Increase Maximum Commission Multiplier for CXT Holders and Increase BSP Operators"

On August 2, according to official news, AI's modular data infrastructure Covalent has launched a governance proposal that proposes to increase the staking order space for CXT holders by increasing the maximum order multiple for CXT holders and adding more BSP operators.
Given the rapid rate of growth and the need for additional capacity, it is now proposed to increase the maximum order multiple to 40x, after increasing it to 34x on May 24 this year, with a target of approximately 35% of the circulating supply, or approximately 297 million CXTs, the proposal says. This move is critical to ensuring that the order space can support the expanding network without creating bottlenecks or limiting the participation of CXT holders.
In addition, to further support network scaling and ensure robust security, the proposal plans to introduce new BSP operators to help secure the Ethereum Wayback Machine. The vote is open to CXT token holders and staking holders, and Covalent also posted a related event on Galxe for two days.