DeFi Firms Sign Up to Balancer’s Plan for Tackling Lack of Liquidity

defi firms sign up to balancers plan for tackling lack of liquidity

In order to participate in protocol governance at the moment, token holders must stake the protocol’s native token, which reduces the circulating supply and capital on decentralized exchanges. Under the new model, holders can stake Balancer Pool Tokens (BPTs), allowing them to take part in governance proposals while the underlying protocol’s token remains in the pool to provide liquidity to swaps.

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