Bitcoin DeFi protocol Liquidium’s rebrand and staking mannequin propel LIQ token to new heights
Bitcoin-native DeFi protocol Liquidium has handed a serious governance proposal introducing a brand new staking mannequin tied to the platform income.
The protocol’s native token LIQ has climbed over 73.3% for the reason that proposal was accredited earlier this week. It was buying and selling at roughly $0.25 as of press time, based mostly on CoinGecko information.
Liquidium introduces staking
On Could 13, the Liquidium Basis confirmed that LIP-12 handed with full neighborhood help, marking a big step within the protocol’s growth.
LIP-12 introduces a staking mechanism that permits LIQ holders to earn rewards tied on to the platform’s income.
Beneath the brand new mannequin, customers can stake LIQ tokens to obtain sLIQ, a liquid staking by-product representing their share of the staking pool.
As a part of the reward mechanism, 30% of the protocol’s day by day income can be allotted for market buybacks of LIQ from centralized exchanges. The bought tokens will then be distributed to stakers. The remaining 70% of income will cowl operational prices.
The initiative is designed to strengthen long-term token holding and generate constant demand by automated buybacks. The inspiration famous that growth is already underway, and a launch date can be introduced quickly.
New id
Alongside the staking initiative, Liquidium has rebranded from LiquidiumFi to LiquidiumWTF.
The protocol defined that the up to date title displays the platform’s embrace of Bitcoin’s experimental frontiers, together with Ordinals and memecoin tradition.
Liquidium CTO Peter Giammanco stated the rebrand displays the platform’s journey in constructing DeFi instruments on Bitcoin. He emphasised the workforce’s effort to simplify advanced applied sciences whereas sustaining the core ethos of the Bitcoin community.
He added:
“The aim has all the time been to show complexity into readability, to take what feels inconceivable on Bitcoin and make it really feel intuitive. That ethos is baked into every thing we do.”
Regardless of the brand new branding, Liquidium will proceed to help its present peer-to-peer Bitcoin lending app. The replace additionally introduces a reward characteristic that enables customers to earn 30% of a referred consumer’s factors from their first 5 loans.
In the meantime, the workforce is ready to debut a brand new product known as Liquidium.fi on the upcoming Bitcoin 2025 convention. This newest providing will promote the message “Borrow Past Borders,” signaling a broader imaginative and prescient of increasing its attain past its present consumer base.
