Liquity V2 is Coming: Innovation in Staking Mechanism and Community Incentive Program
Publication Time:2024-09-11 22:51:09
The decentralized lending protocol Liquity is about to launch its V2 version, which will introduce an innovative LQTY staking module aiming to provide users with a safer and more transparent staking experience. The new mechanism discards the traditional voting custodian (ve) system and adopts a model that prioritizes the interests of long-term stakers without diluting risks or requiring any locking period. This innovative design features four notable characteristics: providing dual rewards, ensuring no long-term locking, longer staking periods increasing voting power, and the system being immutable yet highly flexible. Through this mechanism, stakers can enjoy both the benefits of V1 and V2, obtaining BOLD tokens and participating in LUSD opportunities, while also benefiting from higher flexibility by being able to withdraw their stakes at any time. Moreover, the longer the staking duration, the greater the accumulated voting power, thereby enhancing the user's influence. It is worth noting that the core part of Liquity V2 remains unchanged, but its voting model exhibits high adaptability and flexibility. To incentivize liquidity, 25% of the protocol's income will be specifically allocated to support this mechanism.
Decentralized Lending
Enhanced Liquidity Incentives
Community-Driven Approach
LQTY Staking
Long-Term Incentives