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TechFlow news: The Cosmos community has voted to approve the proposal "Allocate 600,000 ATOM for pSTAKE liquid staking growth," with a support rate of 39.7%, opposition rate of 21.4%, and abstention rate of 38.7%.
The proposal aims to allocate 600,000 ATOM to drive the growth of pSTAKE's liquid staking. In return, pSTAKE will share 15% of its liquid staking revenue with Cosmos Hub and waive the 5% protocol fee on 300,000 ATOM worth of liquid staking.
The Cosmos community has voted to approve a proposal to allocate 600,000 ATOM for pSTAKE's liquid staking growth, with a support rate of 39.7%, opposition at 21.4%, and abstentions at 38.7%. The proposal aims to allocate 600,000 ATOM to boost pSTAKE's liquid staking adoption. In return, pSTAKE will share 15% of its liquid staking revenue with Cosmos Hub and waive the 5% protocol fee on 300,000 ATOM worth of liquid staking.
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