ChainCatcher news, Cosmos Hub tweeted that the community proposal 821 has been approved, and Cosmos Hub will undergo the v12 upgrade at block 16985500, expected at September 13, 20:04:31.The v12 upgrade will enable the Liquid Staking Module (LSM), aimed at replacing the existing staking, allocation, and penalty modules to improve network liquidity, unlocking millions of dollars in ATOM tokens to support DeFi activities across various chains in the Cosmos ecosystem.Cosmos Hub warns that during the v12 upgrade, there will be a brief downtime, and transactions and transfers may be delayed, but this downtime is expected to be limited.

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.