With TVL and $BOLD supply at all-time highs, protocol revenue is climbing too.
So far, 523K BOLD have been distributed as incentives via the PIL program, while $LQTY stakers earned ~$45K in bribes.
Higher revenue → higher PIL rewards → higher bribes.
A fully symbiotic, sustainable cycle, as BOLD adoption grows, so do rewards for everyone involved.
⚬ LQTY stakers: Vote and shape where BOLD liquidity flows. The new @Uniswap proposal targets v4 rewards, key to deeper liquidity.
⚬ Projects: Propose initiatives and earn sustainable stablecoin rewards.
⚬ Borrowers: Stop leaving money on the table. Borrow with the lowest rates in DeFi.
Here's a TL;DR on how to stake:
A TL; DR on Staking $LQTY in Liquity V2
Liquity V2 enshrines 25% of its revenues towards liquidity initiatives each week. LQTY stakers control where this revenue flow goes . A quick guide 👇
1️⃣ Go to & pick one of the independent frontends. All of them support LQTY staking.
2️⃣ Head to the to 'Stake' tab, and click on 'Next'. Follow the 3 steps (initialize, approve, stake), and stake your LQTY.
Rewards from Liquity V1 will start streaming instantly.
3⃣ Slide over to the 'Voting' tab. Hit the thumbs up, and direct your weight across the various initiatives. You have to allocate 100% of your voting power across the various initiatives.
Some initiatives sweeten the deal with voter bribes for LQTY stakers (see more on the next tweet). Hit 'Cast' and confirm the transaction when you are done.
4⃣ Done! Your chosen allocation automatically carries forward to each weekly epoch until you decide to adjust it.
Remember that the earlier you stake, the more your voting power. Voting Power = LQTY Staked × Staking Age.
Some more resources 👇
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