Cosmos Hub Passes Liquidity Staking Module Proposal Amid Controversy and Project Delays

On October 18, Cosmos Hub successfully passed the critical Support Liquidity Staking Module (LSM) proposal, marking a significant advancement in decentralized finance. The decision to implement LSM comes amid heightened scrutiny, as prior versions of the proposal were reported to have input from North Korean IT personnel. Consequently, a comprehensive third-party audit is being undertaken by Informalinc and ATOM Accelerator to ensure the integrity of LSM. This audit has also resulted in the postponement of the anticipated Hydro project, initially slated for launch this week. Hydro is set to be a revolutionary liquidity distribution platform developed by Informal Systems, empowering ATOM stakers to engage in governance activities without the need to withdraw their stakes, thereby retaining their staking rewards. This innovative approach is poised to enhance community participation while ensuring the stability of the Cosmos ecosystem.