1/ The long awaited governance proposal to upgrade the
@terra_money
mainnet to Columbus-5 is now out:
Agora post:
Proposal link:
Go vote on Terra Station now:
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2/ The impact of Columbus-5 cannot be understated:
- Burns all seigniorage from minting Terra stablecoins (extreme EIP-1559 like dynamics)
- Increases LUNA staking rewards by pushing swap revenues to stakers
- Performance upgrades
Details here:
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3/ Columbus-5 will also herald a flood of new applications that have been waiting in the sidelines due to breaking changes in the contract interface from columbus-4.
With the passage of this proposal we expect the beginning of a vibrant new chapter for the Terra ecosystem.
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4/ Much deserved thank you to the Terra Core team, and our partners and friends at
@tendermintHQ
and
@CosmWasm
for their hard work in the Cosmos SDK and Cosmwasm technologies respectively π
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@stablekwon
@terra_money
That means 366000 blocks after, which is 2196000 seconds / 610 hours / 25.41 days that Col-5 will be implemented
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@stablekwon
@terra_money
@stablekwon
what is the difference between this and proposal 118? I think i am missing something here?
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