According to BlockBeats, on September 9, according to DL News, Liquity executive Colin Platt said that the company is about two months away from launching its new stablecoin BOLD.
This includes a system inspired by Curve where people who hold and stake Liquity’s associated governance token, LQTY, can vote on where the protocol’s revenue goes.
Its purpose is to reward liquidity providers on decentralized exchanges and blockchain-based lending pools.
“All borrowing fees collected are immediately converted and used to grow the token,” said Platt, Liquity’s head of product.
