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BTC $62,920.95 -1.08%
ETH $1,877.18 -0.49%
BNB $605.04 -0.46%
XRP $1.00 +0.23%
SOL $75.62 -0.54%
TRX $0.3326 -0.46%
DOGE $0.0698 -0.16%
ADA $0.1792 -2.14%
BCH $200.99 -3.44%
LINK $8.86 +0.88%
HYPE $55.92 -3.91%
AAVE $85.91 -2.48%
SUI $0.6765 -1.82%
XLM $0.1596 -0.36%
ZEC $486.23 -1.16%

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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