Loopring initiates a proposal to add LRC staking functionality

Ethereum Layer 2 protocol Loopring launched a vote on December 3 to add LRC staking functionality.

Loopring initiates a proposal to add LRC staking functionality

The proposal proposes to allocate 45% of protocol revenue to qualified liquidity mining pools, 45% to users who stake LRC, and 10% to DAO in the future.

If it is to be passed, the yes votes must account for more than 60% of the total votes, and more than 10 million LRCs must participate in the voting.

Currently, the Loopring proposal has received 18 million LRC votes, accounting for 98.62% of the total votes.

Disclaimer: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Information source: compiled from COINCU by 0x information.The copyright belongs to the author Harold, and shall not be reproduced without permission

Related Posts

All about IOTA with Christian Saur

This bear market is not the first for IOTA. The “non-blockchain blockchain” isn’t a newcomer to the crypto world, it’s old and sensible enough to enjoy one last crypto winter experience after the ecstatic 2017. This week on the CoinJournal (Bitcoin Guide…
Read More