#Litecoin mweb signal update

The LTC labs DAO will utilize two DeFi protocols (gnosis and snapshot) to monitor funds allocation for the LTC labs.

Thus, giving AntPool the controlling stake in the DAO. However, 6 of these DAO members will be from AntPool, while the remaining will be from the Litecoin foundation.

The partners have started working on creating a 10-member DAO with more members to be added in the future.

#Litecoin mweb signal update

It is an open secret that AntPool is the first pool to update and signal for MWEB.” However, they showed more enthusiasm about supporting Litecoin, and the outcome was the establishment of the LTC labs. Part of his tweet reads, “even though our initial intention of approaching AntPool was to discuss the MWEB signaling upgrade. Litecoin founder, Charlie Lee, tweeted about what led to the AntPool partnership when he released a Twitter thread about the LTC MimbeWimble extension block (MWEB) update. AntPool will be contributing 50% of its earnings from the LTC pool mining to this cause monthly. Forming A New Crypto Research LabĪccording to the announcement on Litecoin’s website on April 6, the Litecoin-AntPool partnership aims to expand use cases for Litecoin for the present and the future through various developmental projects. The lab will also be responsible for researching and gathering data on DeFi projects, expanding the digital asset adoption and LTC-based projects. The primary objective of the agreement is to establish a crypto research lab (called LTC labs.). Litecoin’s governance ecosystem (Litecoin foundation) has revealed a new collaboration with an open-access crypto mining pool (AntPool).