Cosmos (ATOM) Hub’s v12 upgrade introduces Liquid Staking Module, allowing ATOM token holders to skip the 21-day unbonding period, enhancing the DeFi ecosystem.
Key Points
- Cosmos (ATOM) Hub completes its v12 upgrade, introducing the Liquid Staking Module (LSM) to eliminate the 21-day unbonding period for ATOM token holders.
- LSM allows users to liquid-stake their already staked ATOM directly, enhancing the ATOM Economic Zone and integrating staked ATOM into the Cosmos DeFi ecosystem.
- Governance measures include an initial cap of 25% of all staked ATOM for liquid staking, with flexibility for future changes through governance processes.
- NumiaData unveils an improved dashboard, “Data Lenses v2,” for Cosmos Hub, providing enhanced monitoring and user experience, while the v12 upgrade eliminates the 21-day unbonding period for ATOM tokens.
Cosmos (ATOM) Hub, an integral blockchain within the Cosmos Network, has announced the successful completion of its v12 upgrade. This upgrade introduces the Liquid Staking Module (LSM), allowing ATOM token holders to bypass the previously mandatory 21-day unbonding period for unstaking their assets.
The v12 upgrade is successfully completed ⚛️
The Liquid Staking Module is live on the Cosmos Hub!
With LSM the Hub unlocks new dynamics within the ATOM Economic Zone.
Users can now directly liquid-stake their already staked #ATOM without waiting for the unbonding period. pic.twitter.com/IdIyr8nsdL
— Cosmos Hub ⚛️ (@cosmoshub) September 13, 2023
Enhanced Dynamics of the ATOM Economic Zone
The new LSM, announced on 13th September at 9:30 pm, enables users to “directly liquid-stake their already staked #ATOM without waiting for the unbonding period.” This innovation aims to enhance the dynamics of the ATOM Economic Zone by seamlessly integrating staked ATOM into the Cosmos decentralized finance (DeFi) ecosystem while maintaining staking returns.
To ensure security, there are governance measures in place. Cosmos Hub has set an initial cap where “the total amount of ATOM that can be liquid-staked is set at 25% of all staked ATOM.” This limit is flexible and subject to future changes through governance processes. Validators interested in receiving delegations from liquid staking providers must also self-bond a specific amount of ATOM for heightened security.
NumiaData Unveils Enhanced Dashboard for Cosmos Hub
After just 8 weeks since its initial launch, NumiaData has unveiled an improved dashboard for Cosmos Hub. Known as “Data Lenses v2,” this updated version was highlighted on 14th September at 2:50 am. The dashboard features various capabilities, including monitoring “On-chain Transaction Flows,” “Liquid Staked ATOM,” and “AEZ APR & Revenue Flow.” The new design aims to provide a better user experience with enhanced UI/UX elements based on user feedback. Access to the dashboard can be obtained at http://datalenses.zone/chain/cosmos.
Shift from 21-Day Unbonding Period
Previously, ATOM, the native token of the Cosmos network, required holders to undergo a 21-day locking period to transfer their funds after unstaking. However, with the recent v12 upgrade (Gaia 12), users can now avoid the lengthy unbonding period. The upgrade became operational on 12th September at 1:00 pm UTC, at block height 16985500.
This development showcases the continuous evolution of the blockchain space and demonstrates how incorporating user feedback can lead to advancements that streamline processes while protecting user interests.