Move Industries has launched native liquid staking functionality on Movement Network, introducing gMOVE as the liquid staking token.
The gMOVE token enables Movement Network participants to participate in staking rewards while retaining liquidity. Users can stake their MOVE tokens and receive gMOVE in return, allowing them to use the staked asset in DeFi protocols and other ecosystem applications simultaneously.
This development represents a key infrastructure milestone for the Movement ecosystem, providing stakers with enhanced capital efficiency. The native implementation allows for seamless integration with Movement's Move-based applications and protocols.
The launch strengthens Movement Network's staking infrastructure and provides a foundation for liquid staking-based DeFi strategies within the ecosystem.