Lumens Futures Open Interest Falls Ahead of Stellar's Bell Vote

Futures open interest for Lumens (XLM) moved from about $94 million to $88 million, then was listed at $89.5 million in the latest reading. Funding was positive at 0.0011%. The figures show changes in futures measures but do not establish why open interest moved. Bell, Stellar's Protocol 30 upgrade, passed a testnet vote Tuesday, Nov. 3. Validators are scheduled to vote on the mainnet upgrade Nov. 23, though the date could shift. Bell goes live only if validators approve it. Bell is designed to let smart contracts distinguish payments for different customers and check post-quantum signatures. It would also change ledger timing to milliseconds, which by itself would not speed up blocks. Wallet providers, exchanges and node operators need to update their software for the upgrade.

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