Cosmos Hub Passes Proposal to Support Liquidity Staking Module (LSM)
On October 18th, Cosmos Hub passed the "Support for Liquidity Staking Module (LSM)" proposal. The official statement indicated that due to feedback from North Korean IT personnel on the initial LSM proposal, Informalinc and ATOM Accelerator are conducting a third-party audit of LSM and have postponed the Hydro project, which was originally scheduled to launch this week. Hydro is an upcoming liquidity distribution platform developed by Informal Systems for Hub, which uses LSM to enable ATOM stakers to participate in the voting process without having to unstake, forfeit staking rewards, or favor any single liquidity staking provider.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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