Persistence to Conduct Scheduled Maintenance

Persistence has announced that Proposal 67 has been approved by its governance. This approval paves the way for an upgrade to the core-1 chain, which is scheduled to take place at approximately 9:30 AM UTC. The upgrade is intended to address an issue that was identified with pSTAKE Finance stkToken unbondings, where some unbonding requests were not processed due to failed undelegate transactions, resulting in them becoming permanently stuck.

Following the upgrade, these stuck unbondings will be marked as failed, and users will receive their stkTokens back. These can then be unbonded, flash unstaked, or swapped on DEXs again. The upgrade is in line with Persistence’s commitment to maintaining the stkToken peg and providing a seamless liquid staking environment. However, users are advised that they may be unable to perform on-chain actions related to staking, IBC, and usage of Ecosystem dApps like pSTAKE Finance and Dexter during the upgrade.