Cosmos Community Shakes Things Up with Proposal #912
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2024
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Source: TipRanks
- Cosmos Community Proposal #912:
- The Cosmos community approved Proposal #912 by the Decentralized Cooperation Foundation, focusing on enhancing liquidity and economic stability within the Cosmos network.
- The proposal introduces liquid staking, allowing staked assets to be traded through derivative tokens for increased liquidity and efficiency in financial activities.
- 188,768 ATOM tokens from the Cosmos Community Pool will be allocated to liquid staking on Stride and Persistence platforms, with an expected 18% boost in capital efficiency.
- The core of Proposal #912 is the Inter Stable Token (IST), minted from liquid-staked assets with a 500% collateralization ratio to enhance liquidity across various pools.
- Platforms like Osmosis, Astroport, Axelar, Shade Protocol, and Quasar Finance are set to benefit from this initiative, aiming for an overall efficiency increase of 18%.
Analyst Views on DEFI
Wall Street analysts forecast DEFI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DEFI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 101.936
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Current: 101.936
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
