Cosmos: Hydro Launching Soon, ATOM Stakers Can Vote for Rewards
Article is form Jinse
September 19, 2024
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Cosmos Hub Announces Hydro Cross-Chain Auction Platform Launch on X
Golden Finance reports that Cosmos Hub announced on X the upcoming launch of the cross-chain auction platform Hydro in October. ATOM stakers can participate in voting and earn rewards without unstaking.
According to the announcement, users need to first convert their staked ATOM to LSM shares, then transfer LSM to Neutron. By locking LSM in Hydro, users will receive voting rights. They will earn rewards for each participation in proposal voting. The fewer people who choose the same option, the higher the reward.
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