PANews reported on September 24th that Solana's ecosystem liquidity protocol, Meteora, has announced a new proposal following backlash over its JUP staker distribution plan. 3% of the MET TGE reserve will be distributed to Jupiter stakers in the form of liquidity position NFTs on a time-weighted basis, providing stakers with MET/USDC liquidity exposure upon the token's launch.PANews reported on September 24th that Solana's ecosystem liquidity protocol, Meteora, has announced a new proposal following backlash over its JUP staker distribution plan. 3% of the MET TGE reserve will be distributed to Jupiter stakers in the form of liquidity position NFTs on a time-weighted basis, providing stakers with MET/USDC liquidity exposure upon the token's launch.
Meteora proposes to distribute 3% of TGE reserves to Jupiter stakers in the form of liquidity position NFTs
2025/09/24 22:47
PANews reported on September 24th that Solana's ecosystem liquidity protocol, Meteora, has announced a new proposal following backlash over its JUP staker distribution plan. 3% of the MET TGE reserve will be distributed to Jupiter stakers in the form of liquidity position NFTs on a time-weighted basis, providing stakers with MET/USDC liquidity exposure upon the token's launch.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights
You May Also Like
Mid-tier Bitcoin miners gain ground, reshaping post-halving competition
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving.According to The Miner Mag, companies such as Cipher Mining, Bitdeer and HIVE Digital have rapidly expanded their realized hashrate after several years of infrastructure growth, narrowing the distance to top players like MARA Holdings, CleanSpark and Cango.“Their ascent highlights how the middle tier of public miners — once trailing far behind — has rapidly scaled production since the 2024 halving,” The Miner Mag wrote in its latest Miner Weekly newsletter. Read more
Share
2025/10/26 01:20
Wormhole launches reserve tying protocol revenue to token
The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
Share
2025/09/18 01:55
Milk Mocha ($HUGS) Whitelist Closing Fast – Final Presale Access Ending Soon
Millions love the Milk and Mocha bears. Their new digital project, the Milk Mocha ($HUGS) token, is seeing an incredible […] The post Milk Mocha ($HUGS) Whitelist Closing Fast – Final Presale Access Ending Soon appeared first on Coindoo.
Share
2025/10/26 02:00