Cosmos Community Shakes Things Up with Proposal #912
- 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%.
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