Cosmos: Hydro Launch Imminent, ATOM Stakers to Receive Voting Incentives
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September 19, 2024
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On September 20th, Cosmos Hub announced on platform X that it will launch its cross-chain auction platform, Hydro, in October. ATOM stakers can participate in voting without unstaking and receive incentives.
According to the announcement, users need to first convert their staked ATOM into LSM shares, then transfer LSM to Neutron and lock LSM in Hydro to gain voting rights. Incentives will be awarded for each proposal vote, with higher rewards for less people selecting the same option.
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