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BTC $62,700.00 -1.81%
ETH $1,869.23 -1.26%
BNB $604.46 -0.87%
XRP $1.00 -0.46%
SOL $75.28 -1.52%
TRX $0.3326 -0.56%
DOGE $0.0695 -0.94%
ADA $0.1785 -3.35%
BCH $200.36 -6.16%
LINK $8.80 -0.31%
HYPE $55.58 -4.44%
AAVE $85.68 -3.32%
SUI $0.6758 -2.42%
XLM $0.1598 -0.64%
ZEC $482.74 -2.48%

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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