ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced that the community has voted to extend the lock-up period of the LAVA token by one year until January 2026. Lava will focus on implementing the relevant upgrades on the mainnet to enforce the extended lock-up period.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network announced on social media that the re-staking feature has been launched on the mainnet. This means that the protocol's security costs are lower, and re-staking users can help improve service quality through the following measures:Stake LAVA to ensure the security of the Lava blockchain;Re-stake LAVA with major providers to enhance the overall network performance.

ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced that all LAVA airdrops have been completed, targeting users who claimed between July 20 and 30 (mainnet). A total of 572,088 LAVA has been distributed across over 774 addresses.

ChainCatcher news, according to Crypto Briefing, modular blockchain infrastructure developer Lava Network has launched its public mainnet, which is supported by the Filecoin network, StarkNet Foundation, and Cosmos Hub.This release includes a $2 million incentive pool for participants and the first launch of the community-centric LAVA token, along with an airdrop of 55 million tokens to enhance decentralization and participation. Lava Network aims to attract high-quality infrastructure providers, such as Google Cloud, which has already been running on its testnet. The initiative aims to improve interoperability between different ecosystems and network reliability.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network posted on X that the team has noticed several counterfeit Vesuvius airdrop claim pages are circulating.Please recognize the official airdrop page claims.lavanet.xyz (verify on Discord). Airdrop claims will end with the launch of the public mainnet, please be cautious of suspicious links and impersonators.

ChainCatcher message, the modular blockchain infrastructure developer Lava Network stated that if users have not claimed LAVA, they will not be able to receive tokens in time when the public mainnet goes live. Users can still continue to claim before that, but the tokens will be sent to them later.

ChainCatcher message, Lava Network posted on X that for those Graph indexers who have not yet claimed the LAVA airdrop:If you want to claim using your indexer account, please do so today;In addition, users will soon be able to claim through the node operator address.

ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced on social media that the Vesuvius eligibility check page has been relaunched, with the following changes:The code now verifies whether the wallet submitted by the user is a valid Lava wallet (checks for eligibility and views messages);For users who submitted invalid addresses, the new page now provides another process to reclaim and overwrite addresses;This is the address that was sent when LAVA was launched on the public mainnet;Pasting addresses is no longer allowed; to improve UX, users must connect a valid Keplr Wallet/Leap Cosmos wallet.

ChainCatcher news, the modular blockchain infrastructure developer Lava Network announced on social media that it is taking a new approach to launch the LAVA token. Currently, the LAVA airdrop check page has been launched, with a total of 6% of the LAVA tokens being airdropped. Eligible users for the airdrop include early users (such as testnet participants), as well as Monad community members, node operators, researchers, or technical contributors.

ChainCatcher news, Lava Network announced on platform X that the mainnet is about to launch and will reveal more details soon.Previously on April 26, modular blockchain infrastructure developer Lava Network announced the LAVA tokenomics. The total supply of LAVA is 1 billion tokens, and it adopts a deflationary mechanism to attract API providers in the initial phase of the mainnet. Of this, 15% of the tokens will be used for future incentive programs (such as airdrops), 6.6% of the tokens will be allocated for monthly rewards to providers (Provider Drops), 3.4% of the tokens will be used for validator rewards, 31% of the tokens will be allocated for research and development and ecosystem, 17% of the tokens will be distributed to early investors, and 27% of the tokens will be allocated to early contributors, core team, advisors, etc.

ChainCatcher news, modular blockchain infrastructure developer Lava Network has released the LAVA token economics. The total supply of LAVA tokens is 1 billion, and it adopts a deflationary mechanism to attract API providers in the initial phase of the mainnet. Of these, 25% of the tokens will be used for future plans and reward reserves (6.6% of the tokens will be allocated monthly to provider rewards); 31% of the tokens will be used for research and development as well as ecosystem protocol maintenance and development; 17% of the tokens will be allocated to investors; and 27% of the tokens will be distributed to early contributors, core team members, advisors, and other contributors.In addition, validator rewards will decrease as the percentage of LAVA staked increases, linearly decreasing between 60% and 80%. When the staking ratio reaches 80%, rewards and half of the subscription fees will be burned, making them no longer in circulation. LAVA token holders can choose to stake their tokens with validators, re-stake with providers, and participate in on-chain governance. Users can purchase LAVA subscription plans on-chain to access various API "specifications" through the Lava protocol."Specifications" are modular objects defined by the management department that specify the types of APIs that providers must support. Providers stake tokens on a single "specification" to ensure the integrity of their services. Lava Network completed a $15 million seed round financing in February, co-led by HashKey Capital, Jump Capital, and Tribe Capital.

ChainCatcher news, modular blockchain infrastructure developer Lava Network has completed a $15 million seed round financing, led by Jump Capital, Hashkey Capital, and Tribe Capital, with participation from North Island Ventures, Dispersion Capital, Alliance DAO, Finality Capital Partners, and others. Executives from Celestia, Cosmos, StarkWare, Filecoin, and other blockchain ecosystems also participated in this round of financing.

ChainCatcher news, Lava Network launched the Beta version of its Software Development Kit (SDK) on Tuesday, marking a new phase for its testnet. The project aims to become a marketplace for high-performance, decentralized blockchain remote procedure calls (RPC) and APIs.RPC nodes are crucial for users to interact with the blockchain, but when provided by a few centralized companies, they can create single points of failure and may also bring issues related to privacy, censorship, and data accuracy. Unlike most testnets, Lava has already served 200 node providers running on their respective blockchain mainnets.CEO Yair Cleper referred to it as "the Uber of nodes."The protocol is supported by leading crypto-native investors such as Tribe Capital, Jump Capital, AlphaLab, Hashkey, and Alliance DAO, and has already supported 30 active blockchains.According to the crypto data platform RootData, Lava Network is a modular application chain built on the Cosmos SDK and acts as a distribution channel for node providers. It can automatically route requests to the best available nodes based on service quality scores.