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The Cosmos Hub community opens a vote on the proposal to allocate 600,000 ATOM to pSTAKE for liquidity staking growth

On November 24th, the proposal regarding the allocation of 600,000 ATOMs for pSTAKE liquidity staking growth in the CosmosHub community has opened for voting and the deadline for voting is December 5th. The proposal aims to increase the liquidity staking of stkATOM for pSTAKE by allocating 600,000 ATOMs as liquidity owned by the Cosmos Hub protocol on Astroport (Neutron) and Dexter (Persistence). As a reward, pSTAKE Finance (through PSTAKE governance) has promised to share 15% of its total revenue from ATOM liquidity staking with Cosmos Hub and waive the protocol fee charged for 300,000 ATOM liquidity staking (currently set at 5%).

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