Lido Finance proposes to stop liquidity mortgage on Polkadot and Kusama ecosystems
It is reported that according to a proposal released at the Lido Governance Forum, Lido Finance proposed to stop the liquidity mortgage on the Polkadot and Kus…
It is reported that according to a proposal released at the Lido Governance Forum, Lido Finance proposed to stop the liquidity mortgage on the Polkadot and Kusama ecosystems.
Lido Finance proposes to stop liquidity mortgage on Polkadot and Kusama ecosystems
Analysis based on this information:
The Lido Governance Forum has recently released a proposal stating that Lido Finance, a popular DeFi protocol, plans to halt the liquidity mortgage on two major ecosystems, Polkadot and Kusama. The reason behind this proposal is to encourage more productive use of staked DOT and KSM tokens.
As most are aware, Polkadot and Kusama are two major blockchain networks that serve as a platform for building decentralized applications. Lido Finance, on the other hand, is a decentralized staking protocol that allows users to earn rewards on their staked assets. To add more liquidity to the ecosystem, Lido Finance enables users to provide liquidity in the form of staked tokens for use in various DeFi protocols.
However, the proposal suggests that the liquidity mortgage has caused excess supply in the ecosystem, ultimately reducing the value of staked tokens. They argue that this excessive supply of liquidity has enticed DeFi projects to use staked tokens for non-productive purposes, further devaluing the staked tokens. It is, therefore, a counterproductive use of staked tokens and not in the best interest of the community.
Lido Finance’s proposal aims to address this issue by stopping liquidity mortgage on Polkadot and Kusama. The proposal maintains that halting liquidity mortgage would reduce liquidity supply, increase the value of staked tokens, and encourage more productive use of staked tokens. For example, staked tokens could be used to pay for transaction fees, fund various proposals, or provide collateral for loans.
The proposed change is expected to come into effect in October 2021, allowing enough time for community members to participate in discussions and share different perspectives on the matter. This proposal demonstrates Lido Finance’s commitment to promoting a healthy and productive DeFi ecosystem.
In conclusion, the proposal to stop liquidity mortgage on Polkadot and Kusama ecosystems is a significant move towards encouraging more productive use of staked tokens. It is also a reminder to the DeFi community of the importance of responsible use of liquidity supply. Finally, we commend Lido Finance for its foresight and commitment to improving the ecosystem.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8896/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
What is ETC Ether (ETC Ethereum Classic Market)?
What is ETC Ether? ETC Ether is a proof-of-work (PoW) based blockchain system a
-
Ronin Network Adds Dark Mode and NFT Transfer Function to Ronin Wallet
According to reports, Ronin Network has announced the addition of dark mode and NFT transfer function to Ronin Wallet. Users can make RON pledges, cancel pledges, compare verificat
-
US Treasury Department Set to Release DeFi Risk Assessment
It is reported that Elizabeth Rosenberg, the assistant secretary in charge of terrorist financing and financial crimes, said that the US Treasury Department will soon release a risk assessment to analyze the criminal use of decentralized finance (DeFi). Rosenberg said at the bank event held in Sydney, Australia on Monday that “illegal actors have been looking for effective ways to hide criminal activities and launder their profits, which poses a threat to the DeFi service or other elements of the virtual asset ecosystem.” She said that her team is “actively carrying out” an upcoming assessment. The US Treasury Department is about to release a report on the use of DeFi crime Analysis based on this information:The US Treasury Department is ready to assess the potential risks posed by decentralized finance (DeFi) on the prevalence of criminal activities. Elizabeth Rosenberg, the assistant secretary in charge of terrorist financing and financial crimes, has confirmed that the department is actively carrying out the…
-
Federal Reserve to Potentially Increase Interest Rates
According to reports, Nick Timirao, a reporter from the Wall Street Journal, said in an interview with CNBC that the Federal Reserve’s decision next week may depend on the market reaction in the coming days. He chose to raise interest rates by 25 basis points because market conditions will improve; “If we pause raising interest rates, we are worried that the credit problem will worsen, and it is best to act slowly.”. All we have heard from the Federal Reserve is that it has the tools to address financial stability issues and can therefore focus on the goal of restoring price stability. The Federal Reserve may raise interest rates by 25 basis points or keep them unchanged, depending on market reaction in the coming days Analysis based on this information:The Federal Reserve could potentially increase interest rates by 25 basis points if market conditions remain stable, according to an interview with Nick Timirao, a reporter from the Wall Street Journal,…
-
Governor of the Russian Central Bank: The central bank will restrict the use of digital rubles to recharge wallets
According to reports, the Governor of the Russian Central Bank, Elvira Nabiullina, delivered a speech in the State Duma stating that the Central Bank of the Russian Federation will
-
OKX takes strict measures following Celt’s market behavior
According to reports, in response to the sharp rise and fall of Celt on the OKX trading platform and the KOL order call event, Xu Mingxing tweeted that this re…
-
The Impact of Inflation and Interest Rates on the Economy: Why the Federal Reserve is Being Cautious
On April 24th, it was reported that inflation and interest rates are currently constraining the economy, but Wells Fargo Bank warned that the Federal Reserve\’s work seems to have n
-
Solana Eco Decentralized Cryptocurrency Exchange Orca Halts U.S. Traders
According to reports, according to an official announcement, the Solana Eco Decentralized Cryptocurrency Exchange Orca began restricting access by U.S. traders on March 31. Orca stated that it “added the United States to regions and countries that restrict transactions on its website orca.so.”. The decentralized exchange Orca will restrict access to the United States from March 31st Analysis based on this information:Orca, the Solana Eco Decentralized Cryptocurrency Exchange has recently announced that it is restricting access to its site for U.S. traders. The move is said to be effective from March 31st, which means that all U.S. traders can no longer conduct transactions on the site or create a new account. Orca noted that it has “added the United States to regions and countries that restrict transactions on its website orca.so.,” and is doing so due to regulatory requirements. The announcement comes as U.S. regulators have become increasingly stringent on cryptocurrency platforms operating within the country. Orca’s decision to restrict…
-
Uniswap V3 Secures Two-Year Copyright Protection for Core Code
It is reported that Uniswap V3 applied for a two-year copyright commercial protection for its core code before it was launched on the main Ethereum network in …
-
What Can’t A Card Mine (Why A Card is Not Suitable for Mining)
What can\’t A Card mine? According to official sources, A Card is a blockchain-ba
-
The Significance of Cypher Capital’s Participation in G20 and BIS Meetings
12:00-21:00 Key words: Cypher Capital, G20, Genesis, BIS
Overview of important developments in the evening of February 21
Interpretation of the ne…
-
The POAP Founder’s Address Subjected to Phishing Attack: What Happened and What Can Be Learned?
On March 30, according to Lookonchain monitoring, the address of Patricio Worthalter, the founder of POAP, was subjected to a phishing attack. The attacker transferred 85898 RPLs (
-
The Fall of Andrew Tate: A Story of Wealth and Corruption
It was reported that in December last year, Andrew Tate, a former free fighter and Instagram celebrity, was arrested on charges of human trafficking and rape. …
-
Coinbase Assets adds Sperax (SPA) to its roadmap for listing on its exchange
On April 19th, Coinbase Assets tweeted that Sperax (SPA) had been included in the roadmap for listing on Coin.
Coinbase includes Sperax (SPA) in the roadmap for listing on Coin
Cry -
Bitnet Invests $30 Million in Web3.0 Wallet BitKeep
It is reported that on March 22, at the Paris Blockchain Summit, Bitnet announced that it would invest $30 million in BitKeep, a Web3.0 multi chain wallet, and obtain a controlling
-
What currency does Bite Wallet store (Bite Wallet app)
What currency does Bite Wallet store? What currency does Bite Wallet store? You can directly transfer Bitcoin, Ethereum and other digital currencies to your mobile phone and control them through the password manager. If users want to store encrypted assets in Bite Wallet, they can import mnemonics into hardware security devices to achieve decentralized transfer of private keys, and also save these assets in smart contracts to earn profits. Currently supported wallets include Bitcoin Cash (BCH), EOS, TRON (TRX), etc According to official news, Bite Wallet will be officially launched on June 1st. The official website of Bite Wallet is as follows: Download link https://btc.to/btc-wallet/ , or add the address as bitfinex_ Com or imTOken Installation link https://www.bihu.io/ The Bite Wallet appAccording to official news, the latest version of the Bite Wallet app download will be officially launched today. The Android mobile version is now available Bitai Wallet is a secure and comprehensive blockchain asset management platform and digital currency…