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ADA $0.1442 -0.17%
BCH $199.59 +1.71%
LINK $7.26 -0.61%
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AAVE $89.04 -2.42%
SUI $0.6908 +0.31%
XLM $0.1786 +3.86%
ZEC $393.14 +2.32%

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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