'Users can now directly liquid-stake their already staked ATOM without waiting for the unbonding period,' the Cosmos team said.
The upgrade introduced what’s called as liquid staking module, allowing for Atom staked with validators to convert into liquid staked Atom.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.The core developers at Cosmos have implemented the anticipated"Gaia v12" upgrade on the Cosmos Hub to integrate what's known as a"liquid staking module" onto the network.
Cosmos is an interoperability network whose ecosystem contains several chains that can interact with one another using the Inter Blockchain Communication protocol via theAt launch, LSM mitigates liquid staking risks by limiting the total amount of Atom that can be liquid staked to 25% of all staked Atom for the time being. The cap can be increased or decreased in future via a governance vote.
© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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