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BTC $63,072.35 +0.40%
ETH $1,882.86 +0.29%
BNB $608.84 +0.43%
XRP $1.00 +1.21%
SOL $75.55 +0.60%
TRX $0.3311 -0.36%
DOGE $0.0698 +0.15%
ADA $0.1774 -0.83%
BCH $203.60 -0.03%
LINK $9.52 +6.57%
HYPE $56.93 +1.04%
AAVE $86.48 +1.30%
SUI $0.6802 +0.48%
XLM $0.1584 +1.01%
ZEC $488.67 -0.39%

Liquity: Will launch V2 version, introducing new LQTY staking module

2024-09-11 22:55:40

ChainCatcher news, the decentralized lending protocol Liquity announced on social media that it will soon launch version V2, introducing a new LQTY staking module that breaks the traditional voting escrow (ve) system model. The new mechanism provides a sustainable community-driven model that prioritizes the interests of long-term stakers, with no dilution risk and no locking required. This mechanism has four main features: dual rewards, no long-term locking, increased voting power with long-term staking, and immutable yet flexible.

Stakers can simultaneously earn rewards from both V1 and V2, including BOLD tokens and the opportunity to participate in LUSD; they can unstake at any time, providing greater flexibility; the longer the staking period, the more voting power accumulated, leading to greater influence; the core of Liquity V2 is immutable, but the voting model is flexible, with 25% of protocol revenue used to incentivize liquidity.

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