# 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 overhead.

This proposal introduces a migration that is only relevant to the Osmosis axlUSDC market, which is already deprecated in the UI for end users:

• Market Deprecation: Prepares the market for full deprecation. This step swaps contract code only. No funds are moved and no balances change. A follow-up proposal will conclude the delisting process for this market and return all leftover deposits to the lenders in full.

For more details, please refer to the published [Hidden link] on GitHub.

By voting "YES" on this proposal, you consent to the migration of only the Leaser, LPP and Reserve contracts of this single Osmosis axlUSDC market. The remaining markets remain untouched.