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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:

• Code Refactor: Finalize the removal of the Paid state by completing code clean-up.
• Reserve Recovery: When decommissioning an inactive protocol, any excess funds in its reserve contract instance will be collected and transferred to the address authorized to store code on-chain - nolus1klq25snxga33mgqvrwruuvvulr99hkugauqdsl.

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 smart contracts to the latest version v0.8.17.