Proposal #21
Passed on 22 Sept 2023 with 100.0% of the votes for yes.
Yes
100.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
22 Sept 2023
100.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This is a proposal to do a software upgrade to the v4.0.2 software tag of the Archway codebase on block height 1215711, which is estimated to occur on Sep 25th 2023, 09:23 UTC. Block times have high variance, so please monitor the chain for more precise time estimates.
The version v3.0.0 was tagged but never released to testnet/mainnet due to upstream depencdency of Cosmwasm receiving an update soon after. This upgrade proposal combines both changes from v3.0.0 and v4.0.2
This upgrade adds the following features:
To better accommodate inflationary rewards increases within the Archway protocol, we are introducing transaction (TX) fee burning. This strategy permits us to offer more inflationary rewards to contracts safely, while simultaneously incinerating the TX fees which were previously distributed to validators and stakers.
For Contract Developers - Contract Execution txs will consume more gas now (approximately 12000). As such, the fees to interact with your contracts will get more expensive. By roughly 0.0108arch more.
You can find more details about the fee burn mechanism here: [Hidden link]
By bumping the wasmd to v0.33.0, archway now supports [Hidden link].
See the [Hidden link] here.
The proposal targets the upgrade proposal block to be <block_height>, anticipated to be on <block_time>. Note that block times have high variance, so keep monitoring the time. See countdown [Hidden link].
In the event of an issue at upgrade time, we should coordinate via the [Hidden link] channel in Discord to come to a quick emergency consensus and mitigate any further issues.
Recommended Go version: 1.20
archwayd version --long
> name: archwayd
> server_name: archwayd
> version: 4.0.2
> commit: 23404f906b9f767d09d525672b962b5a19f3efee
> build_tags: netgo,ledger
> go: go version go1.20.1 linux/amd64
> cosmos_sdk_version: v0.45.16
You can find more details on how to upgrade your node [Hidden link].