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BTC $79,350.61 -0.83%
ETH $2,489.00 -0.51%
BNB $743.90 -1.77%
XRP $1.40 -1.44%
SOL $105.10 -1.48%
TRX $0.3368 +0.79%
DOGE $0.0897 -0.31%
ADA $0.2188 -0.33%
BCH $256.70 -1.66%
LINK $13.29 +8.06%
HYPE $87.77 -0.19%
AAVE $134.76 -0.14%
SUI $0.8133 +1.74%
XLM $0.1921 +2.83%
ZEC $1,208.14 +1.71%

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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