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ETH $1,780.70 -1.50%
BNB $569.19 -0.46%
XRP $1.06 -1.26%
SOL $74.98 -1.79%
TRX $0.3240 -2.12%
DOGE $0.0717 -1.34%
ADA $0.1572 -1.85%
BCH $232.60 -2.71%
LINK $7.91 -0.84%
HYPE $63.17 -5.68%
AAVE $95.50 -0.37%
SUI $0.7228 -1.09%
XLM $0.1790 -2.57%
ZEC $498.19 -4.79%

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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