Bitcoin-Native DEFI Protocol Liquidium adopted a major governance proposal by introducing a new model of implementation linked to the revenues of the platform.
The native token of the protocol has climbed more than 73.3% since the proposal of the proposal earlier this week. It was negotiated at around $ 0.25 from press time, based on Coingecko data.
Liquidium introduces a stake
On May 13, the Liquidium Foundation confirmed that LIP-12 had passed with full community support, marking an important step in the development of the protocol.
LIP-12 introduces a ignition mechanism which allows LIQ holders to win rewards directly linked to the platform revenues.
As part of the new model, users can spring LIQ tokens to receive SLIQ, a liquid derivative representing their share of the ignition pool.
As part of the award mechanism, 30% of the daily protocol revenues will be allocated to LIQ market buybacks from centralized exchanges. The chips purchased will then be distributed to the stakers. The remaining 70% of income will cover operational costs.
The initiative is designed to strengthen long -term token hold and generate coherent demand thanks to automated buyouts. The Foundation noted that development is already underway and that a launch date will be announced soon.
New identity
In addition to the Initiative of Jaunter, Liquidium is renamed from Liquidiumfi to LiquidiumWtf.
The protocol explained that the updated name reflects the embrace of the Bitcoin experimental border platform, including ordinals and the same culture.
The Liquidium CTO Peter Giammanco said that the brand change reflects the trip of the platform in the construction of DEFI tools on Bitcoin. He underlined the efforts of the team to simplify complex technologies while maintaining the main ethics of the Bitcoin network.
He added:
“The goal has always been to transform complexity into clarity, to take what seems impossible on Bitcoin and to make it feel intuitive. This ethics is cooked in everything we do.”
Despite the new brand, Liquidium will continue to support its Bitcoin loan application between existing peers. The update also introduces a reward function which allows users to earn 30% of the points of a dejected user of their first five loans.
Meanwhile, the team should start a new product called liquidium.Fi at the next Bitcoin 2025 conference. This last offer will promote the message “borrow beyond Borders”, pointing out a broader vision of the enlargement of its scope beyond its current user base.
