As part of the recovery effort following the Nomad hack, the migration from Nomad CQT ("madCQT") to fully-backed Wormhole CQT ("
17 Jan 2023, 21:01
As part of the recovery effort following the Nomad hack, the migration from Nomad CQT (”madCQT”) to fully-backed Wormhole CQT (”WholeCQT”) is proceeding on Jan 18th, 2023. 💥
If you have madCQT staked with Covalent Network on Moonbeam, there is nothing to do as part of the migration. The work necessary will be completed by the Covalent team. What we do advise, however, is adding the WholeCQT contract address (on Moonbeam) to your wallet in advance. The WholeCQT contract address is: 0xBE4C130aaFf02Ee7c723351b7D8C2B6da1D22ebd
Once the migration is complete, your balance of WholeCQT will equal that of what you had in madCQT.
As a reminder, if you want to avail of the Covalent Recovery Plan do not bridge back your madCQT via Nomad. If you bridge madCQT back, you are no longer eligible for the Covalent Recovery Plan. Only staked madCQT is considered in the migration. If you have unstaked madCQT, there is approximately 9M in staking room to avail of.
Thank you for your support during this recovery process.
📌 More information on the Covalent Recovery Plan can be found here:
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18 Jan 2023, 21:36
🚨 SUCCESSFUL NETWORK MIGRATION ANNOUNCEMENT🚨
➡️ Covalent has moved to @wormholecrypto to enable the secure bridging of #CQT to other networks 🚀
#UnifiedAPI
More in 🧵👇
1/
SUCCESSFUL NETWORK MIGRATION ANNOUNCEMENT.
🚨 SUCCESSFUL NETWORK MIGRATION ANNOUNCEMENT🚨
➡️ Covalent has moved to @wormholecrypto to enable the secure bridging of #CQT to other networks 🚀
#UnifiedAPI
More in 🧵👇
1/ https://t.co/WIc9F2eoKx
18 Jan 2023, 21:20
As of 1PM January 18, the migration from Nomad CQT (”madCQT”) to fully-backed Wormhole CQT (”WholeCQT”) has successfully completed. A massive thanks to the Covalent community for the ongoing support of this initiative. 🎉
To view WholeCQT, one must add the contract address to their wallet. The WholeCQT contract address is 0xBE4C130aaFf02Ee7c723351b7D8C2B6da1D22ebd on Moonbeam.
Staking, Network operation, and rewards continue as normal. If you wish to take any further action now that the migration is complete, such as bridging back your CQT to Ethereum, here are some useful resources:
- Using the Portal Bridge:
- Alternatively, you could use our guide:
- Staking/Unstaking your CQT:
Finally, following the successful migration, it's worth mentioning what's next for the Covalent Network in the coming months. All of the focus is on the second phase of the Covalent Network, the Refiner. More will be announced closer to the launch date in late Q1 / early Q2. ⚒
As of 1PM January 18, the migration from Nomad CQT ("madCQT") to fully-backed Wormhole CQT ("WholeCQT") has successfully complet
As of 1PM January 18, the migration from Nomad CQT (”madCQT”) to fully-backed Wormhole CQT (”WholeCQT”) has successfully completed. A massive thanks to the Covalent community for the ongoing support of this initiative. 🎉
To view WholeCQT, one must add the contract address to their wallet. The WholeCQT contract address is 0xBE4C130aaFf02Ee7c723351b7D8C2B6da1D22ebd on Moonbeam.
Staking, Network operation, and rewards continue as normal. If you wish to take any further action now that the migration is complete, such as bridging back your CQT to Ethereum, here are some useful resources:
- Using the Portal Bridge: https://docs.wormhole.com/wormhole/video-tutorial-how-to-use-portal
- Alternatively, you could use our guide: https://www.covalenthq.com/docs/cqt-network/bridge/
- Staking/Unstaking your CQT: https://www.covalenthq.com/docs/cqt-network/how-to-stake/
Finally, following the successful migration, it's worth mentioning what's next for the Covalent Network in the coming months. All of the focus is on the second phase of the Covalent Network, the Refiner. More will be announced closer to the launch date in late Q1 / early Q2. ⚒
18 Jan 2023, 15:57
The migration from Nomad CQT (”madCQT”) to fully-backed Wormhole CQT (”WholeCQT”) is currently going ahead.
At this time, the Network is paused. We recommend no one interact with the Covalent Network and staking contract during this time.
After the migration is complete, we will no longer support madCQT, and using madCQT is entirely at a user's own risk.
The migration from Nomad CQT ("madCQT") to fully-backed Wormhole CQT ("WholeCQT") is currently going ahead.
The migration from Nomad CQT (”madCQT”) to fully-backed Wormhole CQT (”WholeCQT”) is currently going ahead.
At this time, the Network is paused. We recommend no one interact with the Covalent Network and staking contract during this time.
After the migration is complete, we will no longer support madCQT, and using madCQT is entirely at a user's own risk.
17 Jan 2023, 21:08
RT @BMB_Nation: 3/ Bear Market Builder # 003
🛠 @xdefi_wallet 🛠
One wallet for your crypto & NFTs.
XDEFI uses the Covalent #UnifiedAPI t…
RT @BMB_Nation: 3/ Bear Market Builder # 003. @xdefi_wallet. One wallet for your crypto & NFTs.
RT @BMB_Nation: 3/ Bear Market Builder # 003
🛠 @xdefi_wallet 🛠
One wallet for your crypto & NFTs.
XDEFI uses the Covalent #UnifiedAPI t…