Cosmos launches community vote for v12 upgrade, which includes enabling the LSM module

ChainCatcher news, the Cosmos community is currently voting on community proposal 821, which plans to implement the v12 upgrade. This upgrade includes the activation of the Liquid Staking Module (LSM), aimed at replacing the existing staking, allocation, and penalty modules to improve network liquidity, unlocking millions of dollars worth of ATOM tokens for supporting DeFi activities across various chains in the Cosmos ecosystem.

In summary, this vote will last until September 8. As of now, 99.8% of participants have approved this new upgrade, but the quorum has not yet been reached.