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ETH $2,087.21 +4.46%
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SOL $87.27 +7.26%
TRX $0.2832 +1.92%
DOGE $0.1030 +9.66%
ADA $0.2859 +7.60%
BCH $562.28 +5.29%
LINK $9.02 +5.29%
HYPE $31.48 +1.91%
AAVE $128.47 +12.28%
SUI $0.9999 +6.56%
XLM $0.1711 +7.19%
ZEC $283.63 +18.79%

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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