4 weeks ago
Bitcoin-native DeFi protocol Liquidium has passed a large governance connection introducing a caller staking exemplary tied to the level revenue.
The protocol’s autochthonal token LIQ has climbed implicit 73.3% since the connection was approved earlier this week. It was trading astatine astir $0.25 arsenic of property time, based connected CoinGecko data.
Liquidium introduces staking
On May 13, the Liquidium Foundation confirmed that LIP-12 passed with afloat assemblage support, marking a important measurement successful the protocol’s development.
LIP-12 introduces a staking mechanics that enables LIQ holders to gain rewards tied straight to the platform’s revenue.
Under the caller model, users tin involvement LIQ tokens to person sLIQ, a liquid staking derivative representing their stock of the staking pool.
As portion of the reward mechanism, 30% of the protocol’s regular gross volition beryllium allocated for marketplace buybacks of LIQ from centralized exchanges. The purchased tokens volition past beryllium distributed to stakers. The remaining 70% of gross volition screen operational costs.
The inaugural is designed to fortify semipermanent token holding and make accordant request done automated buybacks. The instauration noted that improvement is already underway, and a motorboat day volition beryllium announced soon.
New identity
Alongside the staking initiative, Liquidium has rebranded from LiquidiumFi to LiquidiumWTF.
The protocol explained that the updated sanction reflects the platform’s clasp of Bitcoin’s experimental frontiers, including Ordinals and memecoin culture.
Liquidium CTO Peter Giammanco said the rebrand reflects the platform’s travel successful gathering DeFi tools connected Bitcoin. He emphasized the team’s effort to simplify analyzable technologies portion maintaining the halfway ethos of the Bitcoin network.
He added:
“The extremity has ever been to crook complexity into clarity, to instrumentality what feels intolerable connected Bitcoin and marque it consciousness intuitive. That ethos is baked into everything we do.”
Despite the caller branding, Liquidium volition proceed to enactment its existing peer-to-peer Bitcoin lending app. The update besides introduces a reward diagnostic that allows users to gain 30% of a referred user’s points from their archetypal 5 loans.
Meanwhile, the squad is acceptable to debut a caller merchandise called Liquidium.fi astatine the upcoming Bitcoin 2025 conference. This latest offering volition beforehand the connection “Borrow Beyond Borders,” signaling a broader imaginativeness of expanding its scope beyond its existent idiosyncratic base.
The station Bitcoin DeFi protocol Liquidium’s rebrand and staking exemplary propel LIQ token to caller heights appeared archetypal connected CryptoSlate.
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