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BTC $60,990.44 -1.61%
ETH $1,568.66 -5.75%
BNB $575.94 -2.97%
XRP $1.09 -2.75%
SOL $62.83 -5.13%
TRX $0.3204 -1.56%
DOGE $0.0820 -2.42%
ADA $0.1587 -3.17%
BCH $217.12 -2.51%
LINK $7.38 -2.82%
HYPE $59.17 -5.15%
AAVE $62.13 -4.79%
SUI $0.7183 +0.23%
XLM $0.2013 +5.87%
ZEC $370.34 +17.28%

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

2024-09-11 22:55:40
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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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