DeFi protocol Balancer has published its '8020 Initiative' that plans to change governance tokenomics by allowing staking alongside liquidity provision. Reporting by oknightcrypto.
, Balancer said the current"single asset staking model is outdated," adding that it"incentivizes mercenary capital" and"increases token volatility and slippage." Slippage refers to the difference between a trade’s expected price and the price at which the trade is executed.
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 , 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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