pSTAKE Postpones Launch of Cosmos-Native $stkATOM

Liquid staking protocol pSTAKE announced that it has postponed the launch of Cosmos-native $stkATOM on the Persistence Core-1 Chain by a few days.

On November 6th, the Persistence Core-1 Chain halted for around 4 and half hours at the block height of 8647535. The Persistence team said that all the issues have been solved, and pSTAKE's LS module is functioning as intended and is unaffected, but the ICA channel between the Persistence Core-1 Chain and CosmosHub has closed. The chain will be upgraded to v5 to enable the pSTAKE launch.

Previously, pSTAKE announced that it would launch $stkATOM on the Persistence Core-1 Chain on November 8th.