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sainoe committed Jan 9, 2024
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6 changes: 3 additions & 3 deletions x/staking/README.md
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* [Redelegation](#redelegation)
* [Queues](#queues)
* [HistoricalInfo](#historicalinfo)
* [TotalLiquidStakedTokens](#totalliquidstakedtokens)
* [PendingTokenizeShareAuthorizations](#pendingtokenizeshareauthorizations)
* [State Transitions](#state-transitions)
* [Validators](#validators)
* [Delegations](#delegations)
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`LiquidShares` is the number of shares either tokenized or owned by a liquid staking provider.


Each validator's state is stored in a `Validator` struct:

```protobuf reference
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https://github.com/cosmos/cosmos-sdk/blob/v0.45.16-ics-lsm/proto/cosmos/staking/v1beta1/staking.proto#L417-L421
```


## State Transitions

### Validators
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When this message is processed the following actions occur:

* if the delegation if is a validator bond, the `ValidatorBondShares` of the validator is decreased.
* if the delegation is a validator bond, the `ValidatorBondShares` of the validator is decreased.

* if the delegator is a liquid staking provider, the `TotalLiquidStakedTokens`
and the validator's `LiquidShares` are decreased.
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