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Summary

As the Nolus network adopts a semi-permissioned blockchain model, contract migrations require governance approval. The Nolus money market architecture is strategically divided into two main components: the platform core and the protocol core. The platform core houses essential contracts that function universally across various chains without specific modifications for each chain. Conversely, the protocol core is designed for flexibility, allowing for the creation of unique contract instances tailored to each integrated chain, such as Osmosis, Neutron, and others anticipated in the future. This strategic separation ensures that Nolus can scale efficiently while minimizing maintenance overheads.

This proposal introduces the migration to a new iteration of smart contracts on the Nolus Pirin mainnet, including the following updates:

• Pass the migrate_from release version to each contract during its migration.
• Introduce a cause field for leases under liquidation.
• Reduced IBC Timeout: After the successful channel migration to unordered, the IBC timeout is reduced to one day.
• allBTC Decimals: The decimals for the allBTC asset are to be adjusted to their correct number 8 instead of the currently defined 6.
• New Swap Paths: OSMO/USDC and AKT/USDC are to be added as potential additional swap route options. This would not trigger a change in the currently defined swap paths but simply provide other liquid routes.

For the complete changelog, please refer to the [Hidden link] on GitHub.

By voting "YES" on this proposal, you consent to the migration of the first batch of smart contracts to the latest version v0.8.7. There will be a follow-up proposal for the migration of the Admin contract to v0.8.7 as well.