Cosmos (ATOM) Hub, a pivotal blockchain within the Cosmos Network, has proudly announced the successful completion of its v12 upgrade. This recent update brings with it a game-changing feature known as the Liquid Staking Module (LSM), offering ATOM token holders the ability to circumvent the previously mandatory 21-day waiting period for unstaking their assets.
In an official statement released on the 13th of September at 9:30 pm, the LSM allows users to “instantly liquidate their staked #ATOM without the need to wait for the unbonding period.” This innovation aims to enrich the dynamics of the ATOM Economic Zone by seamlessly integrating staked ATOM into the Cosmos decentralized finance (DeFi) ecosystem, all while preserving staking returns.
It’s important to bear in mind that governance mechanisms have been put in place to ensure the security of this feature. Cosmos Hub has stressed that there is an initial cap in place, with “the maximum amount of ATOM available for liquid staking set at 25% of all staked ATOM.” This limit is adaptable and can be subject to future changes through governance processes. Additionally, for added security, validators seeking to accept delegations from liquid staking providers must self-bond a specific quantity of ATOM.
NumiaData has introduced an improved control panel for Cosmos Hub
This upgraded version, referred to as “Data Lenses v2,” was introduced on the 14th of September at 2:50 am. It boasts an array of features, including the monitoring of “On-chain Transaction Flows,” “Liquid Staked ATOM,” and “AEZ APR & Revenue Flow.” The dashboard, accessible at http://datalenses.zone/chain/cosmos, has been developed based on user feedback and is aimed at providing a superior user experience with enhanced UI/UX elements.
The shift away from the 21-day unbonding period is significant, as previously, ATOM, the native token of the Cosmos network, required its holders to lock their funds for three weeks after unstaking. The recent v12 upgrade, known as “Gaia 12,” was activated at 1:00 pm UTC on the 12th of September, as recorded at block height 16985500.
This development serves as a testament to the ever-evolving blockchain space, highlighting how the incorporation of user feedback can lead to advancements that streamline processes while safeguarding user interests.
