Covalent
Summary
The Covalent team plans to migrate from the current CQT token to their new CXT token on a 1:1 basis. The CQT token has an inflation mechanism where an account with EMISSION_ROLE is able to mint a number of new tokens depending on the time elapsed between the current time and lastMint. There are a number of privileged users in the system granted privileges by roles: • protocolCouncil • emissionManager • emergencyCouncil Users with these roles can make critical changes to the protocol and could be made more secure by using multi-signatures wallets or governance contracts instead of single user wallets with private keys that could be compromised. The team does not intend to burn CQT tokens to issue CXT tokens, rather they intend to pull liquidity from CQT tokens to avoid a double-spend scenario.
Issues (3)
Low | Medium | High | Critical | Total | |
|---|---|---|---|---|---|
Not fixed | 1 | - | - | - | 1 |
Fixed | 1 | 1 | - | - | 2 |
| Total | 2 | 1 | 0 | 0 | 3 |