I’m always thrilled to see how people utilize governance tokens. We’ve seen that with jup token on solana.
Now we are witnessing it happen on bitcoin with a runes token!
Yes, the LIQUIDIUM TOKEN
On the 8th of July a proposal went live on @LiquidiumFdn to remove the under used 3 day loan period on @LiquidiumWTF and it’s actually great because many times you haven’t even used the loan and it’s time to repay already.
This means lenders will most likely be stuck with the asset and borrowers will default.
This in result causes degens not to use that option as much.
The proposal is called LIP-13 LIP (Liquidium Improvement Proposal) 🫢
That LIP just passed, giving Ordinals loan terms a boost from 3-5-7 to 5-7-10 days.
95.83% voted in favor of the loan and over 650,000 $LIQ votes cast.
Congrats to voters .
3.95K
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