The WalletConnect WCT 2.0 upgrade introduces a series of innovative mechanisms that highlight its "user-centric" philosophy. The core of this upgrade lies in empowering users with actual benefits and decision-making authority, reflecting the essence of decentralization pursued in the encryption field.

The new staking mechanism adopts a time-gradient yield model, with a base yield rate of 8% and a maximum of 18%, encouraging long-term holding. This design not only provides stable returns but also incentivizes users to deeply participate in project development. At the same time, the quarterly automatic burn mechanism effectively controls token inflation, having burned 1.92% of the circulating supply in the last quarter, providing additional value assurance for holders.

In terms of governance, WCT 2.0 lowers the participation threshold and introduces a representative delegation mechanism. Users can delegate their voting rights to professional DAO organizations, indirectly participating in important decisions such as fee adjustments and cross-chain priority issues. This design ensures both the professionalism of decision-making and allows ordinary users to express their wishes.

The upgrade of WCT 2.0 reflects a pragmatic attitude, transforming the abstract concept of token economy into benefits and powers that users can tangibly feel. It not only provides clear economic incentives but, more importantly, empowers users with a substantial sense of project participation and influence. This approach of giving the initiative to users perfectly aligns with the core values of the crypto community that pursue autonomy and Decentralization.

Whether this upgrade can truly meet user needs and enhance the long-term value of the project remains to be tested by the market. However, there is no doubt that these innovations in WCT 2.0 provide a new direction worth paying attention to for the development of the token economy.