Proposal #137
Passed on 18 Jun 2025 with 100.0% of the votes for yes.
Yes
100.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
18 Jun 2025
100.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This proposal is to do a software upgrade to the v11.21.0 software tag of the Persistence codebase at [Hidden link] block height. Block times have high variance, so please monitor the chain for precise time.
The PSTAKE team proposes to securely improve the user experience for the deprecation of its Cosmos Liquid Staking solution on Persistence One.
Since its move to the Bitcoin Ecosystem, PSTAKE is actively deprecating its stkAssets and allowing users to claim back their initial deposits. This includes a robust utility that burns stkAssets and sends the underlying assets back. Users need to go to the PSTAKE front-end and manually claim their underlying assets.
It is proposed to upgrade the core-1 chain with a custom logic that performs the sole function of burning users’ idle stkAssets and sending them the respective Assets back directly, without any user interaction.
So far, users have claimed back the following: 40.45% of stkATOM, 10.41% of stkSTARS, 8.12% of stkDYDX, 6.31% of stkOSMO, and 0.71% of stkHUAHUA.
Considering the above progress and PSTAKE’s hard deadline of 30 September 2025 to keep deprecation support active, the proposed solution would fast-track a secure deprecation and also enhance the user experience significantly by eliminating the need for users to manually claim their funds back.
[Hidden link] [Hidden link]
Operators are encouraged to join the #validators-discussion channel of the Persistence Community Discord. This channel is the primary communication tool for operators to ask questions, report upgrade status, report technical issues, and build social consensus should the need arise. If you don't have access, please contact someone from the Persistence team directly.