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TRX $0.3311 -0.10%
DOGE $0.0781 -2.47%
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HYPE $79.23 -3.46%
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ZEC $1,249.92 -5.07%
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AMZN $252.06 -0.76%
GOOGL $292.26 -10.05%
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TSLA $402.69 -1.63%
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SPCX $144.22 -3.76%
MU $954.06 -0.83%
AMD $563.85 -0.70%

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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