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BTC $78,957.02 +1.99%
ETH $2,475.26 +1.10%
BNB $702.99 +0.45%
XRP $1.48 -1.45%
SOL $96.59 +1.56%
TRX $0.3436 -0.04%
DOGE $0.0893 -3.70%
ADA $0.2197 -2.46%
BCH $270.00 -0.97%
LINK $11.56 +0.56%
HYPE $78.04 -3.28%
AAVE $134.56 -3.63%
SUI $0.8051 -3.93%
XLM $0.1926 -2.76%
ZEC $819.94 -3.80%

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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