Cosmos Community Passes Proposal to Enhance Liquidity and Boost Capital Efficiency
The Cosmos network recently passed proposal #912, a development aimed at increasing liquidity and improving capital efficiency within the ecosystem. This initiative, championed by the Decentralized Cooperation Foundation (DCF), allocates 4% of the Cosmos Community Pool’s idle ATOM tokens to liquid staking on Stride and Persistence platforms.
Increased Liquidity and Capital Efficiency
The strategic deployment of these idle ATOMs is anticipated to deepen liquidity and generate an estimated 18% boost in capital efficiency. This initial phase represents the first step, with plans to allocate an additional 6% of the Community Pool in the future, bringing the total to 10%.
The Role of Inter Protocol’s Inter Stable Token (IST)
The proposal uses the Inter Stable Token (IST) as a key element. IST plays a critical role in maintaining economic stability and facilitating transactions within the Cosmos network. The liquid-staked assets will be used to mint IST, which will then be distributed across various liquidity pools, collectively generating an estimated 18% yield.
DCF’s Commitment to Innovation and Decentralization
“The passage of proposal #912 exemplifies the Cosmos community’s dedication to fostering innovation and decentralized governance,” remarked Ric Shreves, President of the Decentralized Cooperation Foundation. “We are proud to have championed Props 899 and 912, and we endorse such initiatives that align with our mission to promote accessible, efficient, and equitable blockchain solutions.”
The Decentralized Cooperation Foundation (DCF) is a non-profit organization dedicated to propelling blockchain technology and decentralized solutions forward. Through advocacy, funding, and community engagement, DCF champions initiatives that aim to make blockchain technology more accessible and beneficial for all.
Looking Ahead
The successful execution of proposal #912 is expected to establish a blueprint for future blockchain initiatives and encourage further advancements within the Cosmos ecosystem. DCF remains steadfast in its support for projects that strengthen the capabilities of blockchain technology, ultimately contributing to a more interconnected and efficient digital future.
About Cosmos Network
Cosmos, often referred to as the “Internet of Blockchains,” fosters an environment where numerous independent blockchains, known as appchains, can connect and interact with each other. This groundbreaking interoperability allows for seamless communication and exchange of data and tokens between various blockchains within the Cosmos network. Cosmos aims to address the issue of isolated blockchains by enabling a more interconnected and scalable blockchain future.
Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
L'équipe éditoriale de Cointribune unit ses voix pour s’exprimer sur des thématiques propres aux cryptomonnaies, à l'investissement, au métaverse et aux NFT, tout en s’efforçant de répondre au mieux à vos interrogations.
The contents and products mentioned on this page are in no way approved by Cointribune and should not be interpreted as falling under its responsibility.
Cointribune strives to communicate all useful information to readers, but cannot guarantee its accuracy and completeness. We invite readers to do their research before taking any action related to the company and to take full responsibility for their decisions. This article should not be considered as investment advice, an offer, or an invitation to purchase any products or services.
Investment in digital financial assets carries risks.
Read more