Share Revenue from ATOM Liquid Staking with the Cosmos Hub Community Pool

We propose that pSTAKE Finance shares 15% of pSTAKE's total revenue generated from ATOM liquid staking with the Cosmos Hub and waive any fees for staking 350k ATOM on pSTAKE (5% as set by Governance). This proposal is part of the Cosmos Hub forum proposal titled 'Allocate 600k ATOM to pSTAKE for the growth of ATOM Liquid Staking’. Read the full proposal here.

Specifics of the ATOM Allocation Proposal:

What pSTAKE requests from the Hub?

We have requested 600k ATOM from the Cosmos Hub Community Pool for the growth of pSTAKE’s ATOM liquid staking with stkATOM across Cosmos DeFi protocols as follows:

(i) Liquid Stake 350k ATOM with pSTAKE (ii) Use 250k ATOM paired with the liquid-staked ATOM to enhance stkATOM’s liquidity across Cosmos Dexes - Astroport (Neutron) and Dexter (Persistence), and to mint IST.

What does the Cosmos Hub receive in return?

We recommend two significant actions:

(i) Waiving all fees for the Community Pool on the 350k ATOM being liquid staked with pSTAKE. (ii) Sharing 15% of its total revenue generated from ATOM liquid staking with the Cosmos Hub Community Pool.

It is crucial to note that pSTAKE's revenue sharing with the Hub is contingent on the Community Pool providing liquidity and its duration to pSTAKE Finance, meaning revenue will only be shared until the ATOM from the Cosmos Hub Community Pool is provided towards pSTAKE Finance.

As we anticipate the governance proposal for pSTAKE's ATOM allocation from the Cosmos Hub Community Pool expected to be put up for a vote within the coming weeks, this proposal encourages PSTAKE holders to determine whether pSTAKE Finance should share 15% of its revenue with the Hub and eliminate fees for liquid staking 350k ATOM from the Cosmos Hub Community Pool with pSTAKE.

Participate

Vote 'FOR' if you support pSTAKE Finance sharing its revenue with the Hub and eliminating fees on the Cosmos Hub Community Pool staked with pSTAKE.

Vote 'AGAINST' if you disagree with pSTAKE Finance sharing its revenue with the Hub and eliminating fees the Cosmos Hub Community Pool staked with pSTAKE.

Vote 'ABSTAIN' if you choose not to participate in this proposal.