This article has been republished with permission from Binance News.
According to Foresight News, Cosmos Hub announced that the community proposal 821 has been approved, and the platform will undergo a v12 upgrade at block 16985500, which is expected to occur on September 13 at 20:04:31. The v12 upgrade will enable the Liquid Staking Module (LSM), aiming to replace the existing staking, distribution, and penalty modules to improve network liquidity and unlock millions of dollars’ worth of ATOM tokens for supporting DeFi activities across various chains in the Cosmos ecosystem.
Cosmos Hub has advised that there will be a brief downtime during the v12 upgrade, which may cause delays in transactions and transfers. However, the downtime is expected to be limited.