Cosmos Hub announced that the v12 upgrade is expected to be implemented on September 13th.

According to BlockBeats news on September 9th, the Cosmos Hub official announced that proposal #821 has been approved and will be executed on block 16985500 (September 13th) for the v12 upgrade. The v12 upgrade will enable the Liquid Staking Module (LSM) module, which aims to replace the existing staking, allocation, and punishment modules to improve network liquidity and unlock millions of dollars of ATOM tokens to support DeFi activities across the Cosmos ecosystem. During the network upgrade, there may be delays in transactions and transfers.