⚛️ Cosmos Hub: LSM removal and replacement 

Recently, many articles have been published about the Liquid Staking Module (LSM) implemented on the Cosmos Hub in August 2023 with the Gaia v12 update. 

❓But what is the LSM?

👨‍💻 web3 nerd • blockchain explorer ⚛️

» Lack of transparency: Zaki Manian, one of the project's leaders, was reportedly informed of this involvement as early as March 2023 but did not share this information with the Cosmos community
» Technical complexity: The implementation of the LSM required forking the Cosmos SDK

2⃣ However, several issues have been raised recently: 
» Nationality of the developers: a significant portion of the LSM code was written by developers with ties to North Korea. However, the vast majority of the code has been rewritten since then.

1️⃣ This module brings several improvements:
» Limiting the total amount of ATOM that can be liquid staked to 25% of all staked ATOM
» Validators need to stake a certain amount of their own ATOM
» Staked ATOM can be instantly liquid staked, without having to wait for 21 days