Proposal #296
Passed on 02 Aug 2022 with 99.4% of the votes for yes.
Yes
99.4%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
02 Aug 2022
99.45%
of votes cast
0.55%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This is a proposal to do a software upgrade to the v11.0.0 software tag of the Osmosis codebase on block height 5432450, which is estimated to occur on Wednesday August 3rd, UTC 16:00. Block times have high variance, so please monitor the chain for more precise time estimates.
This upgrade adds the following features:
Implements the ability for messages to be assigned a minimum fee, without which the transaction will fail. This minimum fee is initially implemented on:
Submitting a governance proposal now requires a percentage of the deposit to be filled by the proposing wallet. This is set with the governance parameter min_initial_deposit_percent and is initially implemented as 25%.
As always, we recommend validators utilize 64GB of RAM. Since state migration is relatively negligible in this upgrade, it is likely possible to get away with less, but still not recommended. If you are unable to have 64GB of RAM, at a minimum have a total of 64GB of swap set to prevent out of memory errors. If using cosmovisor, manually build & copy the osmosisd binary to /cosmovisor/upgrades/v11/bin/. If not using cosmovisor, wait for your node to halt at the upgrade height, then install and run the v11.0.0 binary.
The proposal targets the upgrade proposal block to be 5432450, anticipated to be on Wednesday August 3rd, UTC 16:00. This uses an average block time of 6.2043 seconds per block, derived from the Mintscan block explorer. Note that block times have high variance, so keep monitoring the time. See countdown [Hidden link] The upgrade is anticipated to take approx 30 minutes, during which time, there will not be any on-chain activity on the network. In the event of an issue at upgrade time, we should coordinate via the validators channel in discord to come to a quick emergency consensus and mitigate any further issues.