Cosmos: Launching the Hydro Protocol, ATOM Stakers Will Be Incentivized to Participate in Voting
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September 19, 2024
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Cosmos Hub to Launch Hydro Protocol, Offering Incentives to ATOM Stakers
ChainCatcher reports that Cosmos Hub has announced on X that it will soon launch the Hydro protocol, which will provide incentives to ATOM stakers who participate in voting.
According to the Cosmos announcement, users first need to stake their ATOM tokens and convert them to LSM. Then, they need to transfer the LSM to Neutron to obtain voting rights. Incentives will be awarded for every participation in proposal voting, with larger rewards given to those who vote for options with fewer supporters.
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