Loopring launches LRC Staking, allowing users to earn rewards by locking LRC tokens
ChainCatcher news, Ethereum Layer 2 protocol Loopring has announced the launch of LRC Staking, allowing users to earn rewards by locking LRC tokens. The LRC staking mechanism provides users with the flexibility to stake or unstake their tokens at any time; however, to be eligible for staking rewards, users must lock their LRC tokens for 90 days.
It is reported that in December 2022, the Loopring community voted through a Snapshot, proposing that 45% of future protocol revenue be allocated to eligible liquidity providers, 45% to users staking LRC, and 10% to the DAO. (source link)
ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
