Covalent (CQT) Launches On-Chain Protocol Revenue-Sharing For Network Participantsby@btcwire
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Covalent (CQT) Launches On-Chain Protocol Revenue-Sharing For Network Participants

by BTCWire3mJanuary 30th, 2024
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The Covalent Network is reshaping on-chain protocols with its innovative protocol revenue-sharing model. It links operators (supply) with applications (demand), employing a take rate to accrue protocol revenue and distinguish itself from traditional financial structures. The network uses $CQT as a governance and staking token. Operators stake tokens, with the share of work distributed proportionally based on their stake.
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