ChainCatcher news, Cosmos Hub supports the "Liquid Staking Module (LSM)" proposal. The officials stated that due to the initial LSM proposal having editing contributions from North Korean IT personnel, Informalinc and ATOM Accelerator are conducting a third-party audit of LSM and have postponed the Hydro project originally scheduled to launch this week. Hydro is an upcoming liquidity allocation platform developed by Informal Systems for the Hub, which uses LSM to allow ATOM stakers to participate in the voting process without having to unbond, forfeit staking rewards, or favor any single liquid staking provider.

ChainCatcher message, Cosmos ecosystem software development company All in Bits stated that it has discovered serious security issues with the Liquidity Staking Module (LSM) of Cosmos Hub, including that most of the LSM code was written by North Korean agents; LSM is not an independent module but a set of modifications to the existing staking, allocation, and slashing modules, which may affect all staked ATOM; vulnerabilities that allow slashing evasion still exist; 19 months of code changes have not been audited; significant misrepresentation by Zaki Manian and Iqlusion; lack of transparency from ICF, Stride Labs, and informal systems.All in Bits recommends immediate fixes for the major staking vulnerabilities in LSM; an immediate and comprehensive audit of LSM; full disclosure of the investigation timeline involving North Korean agents; blacklisting of ICF stakeholders; new audit and oversight agreements for ICF-funded projects.

ChainCatcher news, the liquid staking protocol StaFi has announced that it now supports the Cosmos Liquid Staking Module (LSM) on its mainnet, allowing users to convert staked ATOM tokens into rATOM tokens on the StaFi rToken application.It is reported that LSM is a new Cosmos SDK module being developed by Iqlusion, which will allow staked tokens to be liquid staked directly through the StaFi protocol without the intermediate step of unbonding.

ChainCatcher news, the liquid staking protocol StaFi has announced that it now supports the Cosmos Liquid Staking Module (LSM) on the testnet.It is reported that LSM is a new Cosmos SDK module being developed by Iqlusion, which will allow staking tokens to be liquid staked directly through the StaFi protocol without the intermediate step of unbonding.

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.