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ETH $1,590.69 +0.87%
BNB $551.84 -0.20%
XRP $1.04 -0.15%
SOL $73.97 +1.84%
TRX $0.3187 -1.52%
DOGE $0.0722 -0.47%
ADA $0.1448 +0.14%
BCH $200.52 +2.15%
LINK $7.28 -0.42%
HYPE $65.34 +4.60%
AAVE $90.05 -1.68%
SUI $0.6964 +0.15%
XLM $0.1813 +4.77%
ZEC $399.16 +4.34%

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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