Liquidity Staking Module (Iqlusion)

The Liquid Staking Module (LSM) is implemented by Iqlusion, and will become a core Cosmos-SDK module. It enables delegators to tokenize their staked position without the need for unbonding. The tokenized positions, or ‘shares’, are non-fungible between validators and are limited in functionality to facilitate the transfer of bonded positions.
Protocols can utilize LSM in order to onboard existing delegators of a network onto the protocol without the need to unbond, and by extension, without the delegator losing rewards nor diminishing the security of the network. Shares are deposited with the protocol and the corresponding representative token is then minted.